PCCI, SB Corp. to provide ‘restart loans’ to MSMES

THE Philippine Chamber of Commerce and Industry (PCCI) and state-owned SB Corp. have signed an agreement to operationalize and facilitate the grant of loans to micro, small and medium enterprises (MSMES) that are now seeking to reboot their operations that were disrupted by the Covid-19 pandemic and the strict quarantine measures that went with it.

The P300-million loan facility, under the Covid-19 Assistance to Restart Enterprises (CARES) program, will be made available to MSMES accredited by PCCI based on the MOU signed by SB Corp. President and CEO Ma. Luna Cacanando and PCCI President Amb. Benedicto Yujuico. Joining the signing were PCCI Director Edgar “Injap” Sia II PCCI honorary Chairman and Treasurer Sergio Ortiz-luis Jr., PCCI Secretary-general Ruben Pascual, PCCI Director for SME Apolinar Aure, and SB Corp. Department Manager for Planning Wally Don Calderon.

Photo shows the officers of PCCI and SB Corp. at the signing of the MOU. they are: SB Corp. President and CEO Ma. luna Cacanando (seated, second from right) and PCCI President amb. Benedicto Yujuico (seated, second from left), PCCI Director Edgar “injap” Sia ii (seated, left), PCCI honorary Chairman and treasurer Sergio ortiz-luis Jr. (seated, right). Standing, from left, are PCCI Secretary-general Ruben Pascual, PCCI Director for SME apolinar aure, and SB Corp. Department Manager for Planning Wally Don Calderon.