- What is SME Unified Lending Opportunities for National Growth (SULONG) Programs?
- Standardized Unified Lending Program by GFIs for SMEs; and
- Standardized Accreditation Program by GFIs for rural and thrift banks.
- How can SMEs avail themselves of the funds being allocated by the government under SULONG?
- Development Bank of the Philippines;
- Land Bank of the Philippines;
- National Livelihood Support Fund;
- Small Business Guarantee and Finance Corp.;
- Philippine Export-Import Credit Agency; and
- Quedan & Rural Credit Guarantee Corporation.
- Will SULONG replace the other programs and products of the participating GFIs?
- Who qualifies to borrow under SULONG?
Enterprises that are at least 60% Filipino owned, whose assets are valued at not more than P100m, excluding the value of the land, or subject to ownership rules as defined under existing Philippine laws for specific industries.
- What type of loans may be funded?
For long-term loans, SMEs may apply for loans for permanent working capital, or to purchase equipment, a lot, or to construct a building/warehouse.
- What is the maximum financing?
For long-term loans, 80% of the incremental project cost, maximum of P5.0M.
- What is the repayment term?
For long-term loan, a maximum of five years, inclusive of a maximum of one year grace period on principal monthly amortization.
- Are collateral required? If so, what assets are acceptable?
The following are acceptable collateral: postdated checks, registered/ unregistered real estate mortgage (REM) / chattel mortgage (CHM), or the assignment of life insurance. In addition, for franchisees, the following may be considered: corporate guarantee and assignment of lease rights.
If the loan purpose is for export packing credit, a borrower may assign his LC)/ PO or sales invoice.
- What financial ratios/hurdles must a borrower meet?
- What is the interest rate for loans under this program?
- Aside from the interest rate, what fees must be paid?
- How long does it take to process the loan?
- What are the programs and services of the Small Business Corporation (SB Corp.) for SMEs?
The Guarantees Program XE "SME:Guarantees Program"
This facility was designed to encourage financial institutions to lend to SMEs XE "SME" ) by providing guarantee cover up to a maximum of 85% on loans of qualified entrepreneurs. The guarantee primarily works as a collateral substitute or as a collateral supplement.
- SME-GEAR (Guarantee for Gearing-up Enterprises without collateral) is a credit-guarantee facility of Small Business Corporation for viable MSMEs who do not have hard collateral to secure their loans with accredited financial institutions (AFI). SME-GEAR is intended for borrowers who at their present stage of operations are not yet able to offer collateral security for their loan.
- SME-GROW (Guarantee for Growing Enterprises with partial collateral) is a credit-guarantee facility of Small Business Corporation for viable MSMEs who can partially provide hard collateral to secure loans with accredited financial institutions (AFI). SME-GROW is intended to assist a borrower in its business expansion by way of the increased financing that can be granted by the AFI in view of the guarantee cover on the unsecured portion of the loan.
- SME-GAIN (Guarantee for Gainful Enterprises with a available collateral) is a credit-guarantee facility of Small Business Corporation for viable MSMEs who have available hard collateral to partially or fully secure loans with accredited financial institutions (AFI). SME-GAIN is intended to assist mezzanine enterprises access loans from AFIs who need the guarantee cover to address temporary risk considerations such as insufficient credit track record of the borrower, nature of industry involved or fluctuations in the collateral market, among others.
Wholesale Lending Programs:
- SME-FAST (Funding Access for Short-term Loans) is a wholesale funding via rediscounting of SME loans of accredited financial institutions;
- SME-FIRM (Funding for Investment in Regional Markets) is a wholesale medium-term project funding channeled through accredited financial institutions as conduits to SMEs;
- SME-FRIEND (Financing Reach for Exporters thru Network Development) is a direct lending to exporters with Letters of Credit, who are endorsed by their industry associations;
- SME XE "SME"-FIRST (Financing for Receivables of Suppliers’ Transactions) is a direct lending to suppliers of domestic firms with proven track record and management stability, where the object of credit is the supplier’s sales invoice for goods and/or services XE "Services" delivered;
The above facilities comprise the recently re-designed SME FEEL or microfinancing facility of SB Corp. The redesigned facilities were differentiated based on the category/size and nature of operation of the conduit. Here, large, focused and well-established microfinance institutions will be allowed higher loan limits, but will have to pass through more stringent eligibility criteria.
Trade and Industry Information Center (TIIC)
DTI-Library collection consists of information materials dealing on trade; cottage, small and medium scale industry; investments; product briefs/profiles; Philippine and foreign economic and market data; business laws and product technology information.
What are the requirements for me to be able to use your library?
Anybody can use the DTI Library facility by just presenting their I.D. to the Ground Floor Security Guard as their pass.
One has to pay P1.50 for each page photocopied.
The DTI- Library is located at the address indicated below:
2nd Floor, Trade and Industry Building
361 Sen. Gil J. Puyat Ave., Makati City
There is no need to bring a letter, an identification card is enough.
As external clients, can we borrow information materials?
Only DTI employees are allowed to borrow books or magazines. External clients, however, are only allowed to do so through a DTI employee of acquaintance with them, or through a formal inter-library arrangement with attached agencies' or other government offices' libraries.
The library is open from 8:00 a.m. to 5:00 p.m. (without snack or noon break).
E-mail or fax servicing of information is done only to clients outside Metro Manila and for a limited pages of information too (10 pages or below). Phone dictation of information is discouraged except for data which only require brief number of minutes.
Internet use is free, but the front desk officer has the discretion to control the period of use for every individual or groups user/s;
Copying of data from the Internet is allowed only when the diskette or CD is pre-cleaned by the TIIC staff. Printing however, is not allowed at the moment.
There are lots of information from the DTI website: www.business.gov.ph