Department of Trade and Industry

A. COVID19 Assistance to Restart Enterprises (CARES Program)

• Micro enterprises with at least one year continuous operation prior to March 2020 and with asset size of not more than Php3M may borrow Php10,000 up to Php200,000
• Small enterprises with at least one year continuous operation prior to March 2020 and with asset size of not more than Php15M may borrow up to P500k
• Loan are at 0.5% interest rate per month
• 12 to 24 months repayment with six months grace period
• Download the application form here and see more detailed information here.

B.  Livelihood Seeding Program – Negosyo sa Barangay (LSP-NSB)

• Php203 million funding for MSMEs affected by human-induced calamities including health disasters
• Package of livelihood kits and business advisory assistance and services, amounting to at least PhP5,000 up to PhP8,000
• Detailed information here.

C.  Shared Service Facilities (SSF) Project / Fabrication Laboratories (FabLabs)

• MSMEs that will produce essential goods as COVID response
• The SSF Project is designed to address the technological and innovation needs of MSMEs in the country and in addressing community challenges as well has made a quick response to the health crisis caused by COVID-19.
• Detailed information here.

Department of Agriculture

A. SURE Covid19 - Expanded Sure Aid and Recovery Project

• Agri-fishery micro and small enterpises (sole prop, partnership, corporation, or association) may borrow up to P10M at zero interest, payable up to five years
• Marginalized farmers and fisherfolks can non-collateralized loan of up to Php25,000 at zero interest and payable in 10 years; one borrower per household
• Detailed information here.

Banks and Other Institutions

A. DBP - Rehabilitation Support Program on Severe Events (RESPONSE)

• For public and private institutions operating in areas declared in a state of calamity (enterprises, corporations, cooperatives, etc.)
• 5 to 15 years repayment period with a 3-year grace period
• Interest rate: prevailing market rate plus a spread of 1% fixed for 5 years.
• Term loans payable on monthly or quarterly basis
• Borrowers should propose an eligible project that has developmental impact to the affected communities that they serve
• Detailed information here.

B. Impact Investment Exchange

• A revolving facility providing refundable grants and working capital loans to select high-impact SMEs
• Detailed information here.

C. BDO Kabuhayan Loans

• For enterprises with minimum of 3 years in operation and with Php15,000-200,000 weekly sales
• No collateral; borrowers may loan an amount of Php30,000 to Php500,000 and may choose installment terms until 24 months based on business capacity
• Detailed information here.

D. First Circle Ph

• Business financing of Php10,000 to ₱10M within 5 days
• Detailed information here.

E. Landbank iRescue - Interim REhabilitation Support to Cushion Unfavorably-affected Enterprises by Covid 19

• SMEs, MFIs, and cooperatives may borrow up to 85% of their actual need for working capital at an interest rate of 5% per annum and payable up to a maximum of five years, with grace period on the principal payment
• Also offers restructuring of existing loan account via additional loan, extended repayment period, or through other means (or combination of means)
• Loan may be extended up to a maximum of 10 years, with up to 3 years grace period on principal and up to 1 year grace period on interest, depending on cash flow
• Detailed information here.