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Short-term Direct Lending Program for SMEs

 Program
Short-term loans to persons or entities licensed to engage in export-oriented activities, as well as in activities which, in the determination of TIDCORP, promote and develop the capital goods and import-substitution industries.
 Purpose
Working capital requirements
 Program Features
 
 Eligible Borrowers
Direct Exporters
  • With minimum export volume of US$100,000.00 or its equivalent within the last six months prior to application
  • Profitable operations for the last 2 years

Indirect Exporter
  • Indirectly exporting in the immediately preceding year; and
  • Profitable operations for the last 2 years
 Types of Credit
Accommodation
Transactional and/or Revolving Line
 
 Tenor
180 days PN extendible provided that shipment date and/or expiry of LC/CPO is extended but not beyond 360 days.
 Loan Limit
  • 80% of the value of the L/C, CPO, CSC and/or export bills provided maximum amount will not exceed P20.0M.
  • For indirect exporters, 80% of the value of the receivable from the exporter provided maximum amount will not exceed P20.0 M
 Financial Position
  • Maximum debt to equity ratio at 4:1 after financing
  • Increasing trend in ROA and ROE
 Collateral
REM/CHM and/or other acceptable collaterals
 Application Fee
P 10,000.00 plus GRT payable upfront upon application, non-refundable
 Processing Fee
1/4 of 1% of approved loan amount plus GRT which may be deducted from the loan proceeds
 Interest Rate
Applicable Base Lending Rate plus Spread
 Out of Pocket Expenses
For account of client as billed
 Taxes
Applicable taxes for account of the borrower
 

Short-term Direct Lending Program for SMEs Medium to Long Term Direct Lending Program for SMEs Wholesale Direct Lending Program for SMEs

 

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Portfolio Guarantee Program for SMEs

Program
Expand the business the business capability of any financial instittution's B-BBB rated SME portfolio by means of utilizing the sovereign rating, zero-risk weight feature and capital leveraging advantage of PhilEXIM.
 
 Standard Terms and Conditions
 
Coverage
SME industries
Size

SME size based on Magna Carts definition

Term
One (1) year
Availability 
SME Loan Portfolio only
Eligible Sectors
    • Export Trade, Capital Goods Manufacturing, Import Substitution (at least 50% of local component)
 
Portfolio Requirement
P50 Million to P300 Million (at least 5 accounts in a portfolio)
 
 

Guarantee Program for Large Accounts Guarantee Program for SMEs | Portfolio Guarantee Program for SMEs

 

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Access of Small Enterprises to Sound Lending Opportunities (ASENSO)

Lending Features of Short-Term Loans

Loan Purpose
Export Financing (Export Packing Credit)
Revolving Credit Line (Temporary Working Capital)
Target Industries
At least 60% Filipino-owned whose assets are not more than P100 Million, excluding the value of the land, or subject to ownership rules as defined under existing Philippine laws for specific industries
All industries except:
1) trading of imported goods, liquors, cigarettes
2) extractive industries
 
 
 
Eligible Enterprises
At least 60% Filipino-owned whose assets are not more than P100 Million, excluding the value of the land, or subject to ownership rules as defined under existing Philippine laws for specific industries
At least 60% Filipino-owned whose assets are not more than P100 Million, excluding the value of the land, or subject to ownership rules as defined under existing Philippine laws for specific industries
Maximum Financing
70% of the valueof LC/PO; maximum of P5.0Million
 
70% of working capital requirement; maximum of P5.0Million
Interest Rate
SULONG Lending rate; repriced quarterly by the SULONG Finance Committeee
SULONG Lending rate; repriced quarterly by the SULONG Finance Committeee
Repayment Term
Maximum of one year
Maximum of one year
Collateral
- Post-dated check
- Registered/Unregistered
REM/CHM
- Assignment of LC or CPO
- Assignment of life insurance
- Guarantee cover
 
- Post-dated check
- Registered/Unregistered
REM/CHM
- Assignment of life insurance
- Guarantee cover (if franchise)
- Assignment of lease rights (if franchise)
Evaluation and Service Fees
P2,000 for every P1.0Million plus front-end fee of 1/2 of 1% of approved loan
P2,000 for every P1.0Million plus front-end fee of 1/2 of 1% of approved loan
Financial Profile of the Borrower

 

 
Debt to Equity Ratio
At most 80:20 after the loan
 
- At most 80:20 after the loan
- At most 70:30 (if franchisee)
Profitability
Positive income for last year (if past year's income is negative, the average income of past 2 or 3 years should be positive)
Positive income for last year (if past year's income is negative, the average income of past 2 or 3 years should be positive)
Other Ratios
Based on industry standards
Based on industry standards
 

Lending Features of Short-Term Loans Lending Features of Long-Term Loans

 

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