Security Bank to provide loans for AFFI members

Security Bank Corp. (SBC) forged partnership with the Association of the Filipino Franchisers Inc. (Affi) to provide exclusive loan offerings to Affi members and their franchisees.

Affi members and SBC customers can avail themselves of discounted loan rates and waived fees to help them venture into franchising and grow their businesses.

“We believe in financing the future for the growth of our economy. The success of the future lies in supporting local businesses, including franchisers who make up a huge part of the Philippine entrepreneurial space,” said SBC president and chief executive officer Alfonso Salcedo, Jr.

Affi is an organization that promotes responsible micro, small and medium enterprise (MSME) businesses in the Philippines.

“There are a lot of local aspiring entrepreneurs who are hindered in pursuing their dreams due to lack of available capital. With our exclusive partnership, we are now able to help these entrepreneurs jumpstart or even grow their businesses,” said Marie-Joyce Co Yu, Affi president and franchiser of True Blends.

Business opportunities

“This partnership will open more business opportunities not just for our compa- ny-owned franchise businesses but also for our franchisees. We are excited to share with our franchisees this partnership, as this will pave the way for faster expansion and acquisition of additional outlets,” said John Chung, former Affi president and franchisor of Acquasuisse.

Security Bank added that the partnership will help increase local franchisees and create a more competitive market.

Businesses that will utilize the loan facility can also access DigiBanker, the bank’s secured online cash management solution that can help efficiently manage a business’ cash flows and payments.

“More than opportunities for capital sourcing, Security Bank will enable our operations in terms of their DigiBanker solutions. This will save us a lot of money and we can focus more on expanding our business,” said Willen Ma, president of Masuki Restaurant and Affi treasurer.