The Small Business Corporation , an attached agency of the Department of Trade and Industry , plans to launch a loan facility to meet the needs of specific sectors, particularly exporters.
SB Corp. board director Voltaire Magpayo said the administration would create a “tailor-made” loan facility “maybe next month.” “Kung halimbawa ikaw ay exporter, gagawa kami ng loan facility na akma sa iyong pangangailangan katulad ng export packing line… very specialized sa pangangailangan ng segment ng industriya,” Magpayo said on the sidelines of Saturday News Forum at Dapo Restobar in Quezon City.The SB Corp. director said the interest rate for the planned loan facility will be 7% to 12% per annum.
The state-owned firm offers several low-interest and collateral free loan programs for micro, small, and medium enterprises
Source: News Formal (newsformal.com)
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