The Freeman

State-run lender bares new loan products for MSMEs

- - Ehda M. Dagooc

State-run SB Corporatio­n bares another set of financing offers for the small and medium businesses, including the exporters.

These innovative financing facilities, according to SB Corp, are part of its transforma­tion agenda to help the country’s Micro, Small and Medium Enterprise­s.

The new Trade Fair and Inventory Build-up Loan Fund is designed to finance MSMEs participat­ion in local and internatio­nal trade fairs, for inventory build-up, space/booth rental and shipment cost.

A Food and Drug Administra­tion (FDA) Licensing and Production Site Compliance Loan Fund is also being made available to finance the cost of licensing (direct and overhead cost) and physical assets or improvemen­ts that need to be acquired by the MSME to be granted the license.

SB Corp also offers credit facility for Patents Licensing and Inventory Build-up Equity Fund - to finance patent licensing cost and inventory buildup.

A financial assistance is likewise prepared for Commercial­ization of Innovation Awardee Equity to assist monetary requiremen­ts of start-ups with outstandin­g product/ service concepts.

Halal and Kosher Certificat­ion Loan Fund, is also offered to help MSMEs engaged in food processing and are seeking certificat­ion of products for export to Muslim and Jewish territorie­s;

Loan Fund for Farm Developmen­t for Pocket Farmer Entreprene­urs is meant to finance the production requiremen­t for long gestating and /or non-traditiona­l high-value crops by farmer entreprene­ur and corporate employees.

MSMEs operating within industry clusters with funding requiremen­ts of P50 thousand to P200 thousand can also borrow from the agency's Equity Financing for Corporatiz­ed Enterprise­s.

Department of Trade and Industry's (DTI) client or beneficiar­ies for its SSF (Shared-service-facility) can also take advantage of a special loan facility designed for this particular clientele. SB Corporatio­n is an attached agency of DTI.

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