Loan guarantees

• Loan and investment guarantees for direct and indirect orters, firms involved in high-priority projects, and in import substitution industries
• Guarantees 90% of the loan
• Debt to equity ratio of at most 3:1
• Credit terms of up to 3 years
• Fees:
  - Processing fee of PHP 100,000 plus gross receipts tax (GRT)
  - Guarantee fee of 1/8 of 1% of the guaranteed amount plus GRT
  - Amendment or extension fee of 2.5% per year plus GRT
• Special guarantee programs for SMEs offer working capital loan guarantees of up to PHP 20 million for up to 1 year with maximum debt to equity ratio of 4:1; processing fee of PHP 10,000; guarantee fee of 0.25% of guaranteed amount

Direct loans

• Working capital loans of up to PHP 20 million and 1 year to SMEs; loan limit up to 80% of the value of the underlying receivables; application fee of PHP 10,000 plus GRT; processing fee of 0.25% of guaranteed amount
• Term loans of up to PHP 50 million and 7 years to SMEs; maximum debt to equity ratio of 4:1; application fee of PHP 10,000 to 20,000 plus GRT; processing fee of 0.25% of guaranteed amount
• Short- and medium-term capacity-building loans to SMEs are also available under “Wholesale Direct Lending” and “Asenso” programs