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Medium to Long Term Direct Lending Program for SMEs

 Program
Medium and long 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
CAPEX inclusive of land acquisition
Permanent working capital
 Program Features
 
 Business Experience
Profitable operations for the last 2 years
 Type and Tenor of Loan
Medium Term Loan: Up to 3 years
Long Term Loan: Up to 7 years
 Loan Limits
Up to P50 million but not more than 30% for land acquisition
 Repayment Terms
Principal and interest payable in arrears, quarterly or semi-annually
 Debt/Equity Ratio
Maximum debt-equity ratio of 4:1 after financing
Minimum net worth of P500,000.00
 Collateral
Project assets and any acceptable collaterals
 Application Fee
P1 M application - P 10,000 plus GRT payable upfront upon application, non-refundable
Over P1 M application - P 20,000 plus GRT payable upfront upon application, non-refundable
  Processing Fee
1/4 of 1% of the approved 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

 

 

EMMANUEL G. HERBOSA, President and CEO
 

IAN A. BRIONES
Head, Strategy and Development Sector
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ISABELO G. GUMARU
First Senior Vice President & Chief Legal Counsel and Officer-In-Charge, Corporate Resources Group 
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CELSO R. GUTIERREZ
Head and OIC, Business Revenue Group II
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MARILOU A. MEDINA
Head, Finance and Information Management Sector
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EMMANUEL R. TORRES, First Senior Vice President
Head and OIC, Business Revenue Group I
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DYNAH GLADY G. NEPOMUCENO-BAYOT

Head, Office of the Corporate Secretary
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EDUARDO S. ANGELES
Head, Revenue Center 5 – BRG II
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MILAGROS M. BAET, Vice President

Corporate Planning & Communications Dept.

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 ARSENIO C. DE GUZMAN, Vice President

Head, Treasury and Loan Operations Department
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MILDRED B. FLORES, Vice President
Head, Finance Services Department
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JULITA LEAH M. GARCIA, Vice President
Head, Revenue Center 6 – BRG II
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EVANGELINE MAURA Q. GOTANGCO
Head, Revenue Center 3 – BRG I
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LIEZL E. PANGAN
Head, Internal Audit Office
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ROVI M. PERALTA
Head, Revenue Center 2 – BRG I
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MARIA SANDRA S. SALVADOR
Head, Legal and Assets Department
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ESTRELLITA N. TESORO
Head, Corporate Governance Office

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MILDRED S. VIRAY
Head, Credit and Monitoring Department
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Access of Small Enterprises to Sound Lending Opportunities (ASENSO)

Lending Features of Long-Term Loans

Loan Purpose
1) Purchase of equipment
2) Building Construction
3) Purchase of Lot
4) Purchase of Inventories- Permanent Working Capital
Target Industries
All industries except:
a) Trading of imported goods, of liquor and cigarettes; and
b) 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
Maximum Financing
- 80% of the incremental project cost
- maximum of P5.0 Million
Interest Rate
SULONG Lending rate repriced quarterly by the SULONG Finance Committeee
Repayment Term
Maximum of five (5) years, inclusive of maximum one (1) year grace period on principal monthly amortization
Collateral
- Post-dated check
- Registered/Unregistered
REM/CHM
- Assignment of life insurance
- Corporate Guarantee (if franchisee)
- Assignment of lease rights (if franchisee)
Evaluation and Service Fee
P2,000 for every P1.0Million plus front-end fee of 1/2 of 1% of approved loan and commitment fee of 0.125% of unavailed balance
Financial Profile of the Borrower

 
Debt to Equity Ratio
- 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)
Other Ratios
Based on industry standards
 

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

 

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