Financing Programs Loans and Financing Programs for Micro, Small and Medium Enterprises

Wholesale Lending Window for Graduating Micros and BMBEs

Sub-Borrower Definition:

• With asset size of not more than P3.0 Million; and
• Total loans inclusive of the PFI's is not more than P500 Thousand.

Consideration Granted on the Sub-borrower:

• May be on clean basis in terms of collateral cover
• Any valid permit will suffice as business registration
• Financial information simply based on the certification of the PFI will suffice, in the absence of full financial statements

Validity Period: The graduating micro may be funded by SBC under these relaxed terms for a period of not more than four years.

Miscellaneous Guidelines:

• The PFI may avail in batches of less than P500 Thousand under the window, but the loan floor of P100 Thousand per sub-borrower shall remain.
• Any micro-enterprise that complies with all the standards of SBC on collateral cover, on business registration with DTI or SEC and on the full financial statements may be funded under the regular SME Wholesale Lending Program.
• In addition to banks and to NBFIs, the Window is also open to microfinance institutions such as cooperatives and nongovernment organizations that have graduating micro-borrowers.

Pass-on Rate:

• 360 days and below - 7.3% p.a. if compliant with standard collateral requirement 7.5% p.a. if otherwise
• More than 360 days - 7.8% p.a. if compliant with standard collateral requirement 8.2% p.a. if otherwise

No processing fee shall be charged regardless of the term of the loan.

• May be on clean basis in terms of collateral cover
• Any valid permit will suffice as business registration

Contact Details:

SB Corporation Head Office
17th Floor, 139 Corporate Centre Valero St., Salcedo Village, Makati City
Phone No. (632) 751.1888 Fax No.: (632)894.1677 • 813.5726
Web: www.sbgfc.org.ph