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Guarantee Program for SMEs

 Program
Guarantees on short term loans to  persons or entities licensed to engage in export-oriented activities, as well as activities which, in the determination of TIDCORP, promote and develop the capital goods and import-substitution industries.
 Purpose
Working capital, such as but not limited to:

a) Receivables financing

b) Inventory financing

c) Supplier's credit whether domestic or imported

d) Discounting of drafts drawn against buyers

 Program Features
 
 Guarantee Coverage
Up to 90% of the principal of the approved loan
 Eligible Borrowers
Any entity, enterprise or corporation organized or licensed to engage in business in the Philippines
 Business Experience
Profitable operations for the last two years
 Debt/Equity Ratio
  • 4:1 Maximum (after financing)
  • Minimum Networth -P500,000
 Loan Amount
Up to P20 Million or its equivalent in US dollars
 Term/Maturity
180 days PN extendible provided that shipment date and/or expiry of LC/CPO is extended but not beyond 360 days.
 Collateral
REM/CHM and/or other acceptable collaterals
 Application Fee
P 10,000.00 plus GRT payable up-front upon application, non-refundable
 Processing Fee
1/4 of 1% of the guaranteed amount plus GRT, payable upon receipt of Notice of Approval
 Guarantee Fee
Maximum of 2.5% per annum plus GRT
Amendment or Extension
Fee
P5,000 plus GRT per amendment or extension
 
 Out-of-Pocket Expenses
For account of the applicant/funder as billed
 Taxes
Applicable taxes for account of the borrower
 

Guarantee Program for Large Accounts Guarantee Program for SMEs Wholesale Guarantee Program for SMEs

 

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Guarantee Program for Large Accounts

 Program
  • Guarantees on loans to direct and indirect exporters, firms involved in priority projects of the National Government and import substitution industries.
  • Promotes and faciiltate the entry of foreign loans into the country for development purposes having special regard to the needs of export-oriented industries, industries registered with the Board of Investments, public utiilities, and industries the promotion of which is encouraged by government policy.
  • Guarantees on investments (Equity and Debt)
 Purpose 
  • CAPEX inclusive of land acquisition
  • Working capital
  • Project financing
 Program Features
 
 Guarantee Coverage
Up to 90% of the principal of the approved loan
 Eligible Borrowers
Any entity, enterprise or corporation organized or licensed to engage business in the Philippines
 Debt to Equity Ratio
3:1 maximum (after financing)
 Exposure Limit
Maximum: Single Borrower's Limit
 Term
Fixed or Revolving
 Short Term
up to 1 year
 Medium Term
more than 1 year up to 3 years
 Long Term
more than 3 years
 Collateral
Project assets and other acceptable collaterals
 Application Fee
P100,000 plus GRT, payable up-front upon application, non-refundable
 Processing Fee
1/8 of 1% of the guaranteed amount plus GRT, payable upon receipt of Notice of Approval
 Guarantee Fee
Maximum of 2.5% per annum, plus GRT
Amendment or Extension
Fee
P5,000 plus GRT per amendment or extension
 
 Out-of-Pocket Expenses
For account of the applicant/funder as billed
 Taxes
Applicable taxes for account of the borrower
 

Guarantee Program for Large Accounts Guarantee Program for SMEs Wholesale Guarantee Program for SMEs

 

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