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Access of Small Enterprises to Sound Lending Opportunities (ASENSO)

Lending Features of Short-Term Loans

Loan Purpose
Export Financing (Export Packing Credit)
Revolving Credit Line (Temporary Working Capital)
Target Industries
At least 60% Filipino-owned whose assets are not more than P100 Million, excluding the value of the land, or subject to ownership rules as defined under existing Philippine laws for specific industries
All industries except:
1) trading of imported goods, liquors, cigarettes
2) extractive industries
 
 
 
Eligible Enterprises
At least 60% Filipino-owned whose assets are not more than P100 Million, excluding the value of the land, or subject to ownership rules as defined under existing Philippine laws for specific industries
At least 60% Filipino-owned whose assets are not more than P100 Million, excluding the value of the land, or subject to ownership rules as defined under existing Philippine laws for specific industries
Maximum Financing
70% of the valueof LC/PO; maximum of P5.0Million
 
70% of working capital requirement; maximum of P5.0Million
Interest Rate
SULONG Lending rate; repriced quarterly by the SULONG Finance Committeee
SULONG Lending rate; repriced quarterly by the SULONG Finance Committeee
Repayment Term
Maximum of one year
Maximum of one year
Collateral
- Post-dated check
- Registered/Unregistered
REM/CHM
- Assignment of LC or CPO
- Assignment of life insurance
- Guarantee cover
 
- Post-dated check
- Registered/Unregistered
REM/CHM
- Assignment of life insurance
- Guarantee cover (if franchise)
- Assignment of lease rights (if franchise)
Evaluation and Service Fees
P2,000 for every P1.0Million plus front-end fee of 1/2 of 1% of approved loan
P2,000 for every P1.0Million plus front-end fee of 1/2 of 1% of approved loan
Financial Profile of the Borrower

 

 
Debt to Equity Ratio
At most 80:20 after the loan
 
- At most 80:20 after the loan
- At most 70:30 (if franchisee)
Profitability
Positive income for last year (if past year's income is negative, the average income of past 2 or 3 years should be positive)
Positive income for last year (if past year's income is negative, the average income of past 2 or 3 years should be positive)
Other Ratios
Based on industry standards
Based on industry standards
 

Lending Features of Short-Term Loans Lending Features of Long-Term Loans

 

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