MENU

Medium to Long Term Direct Lending Program for SMEs

 Program
Medium and long term loans to persons or entities licensed to engage in export-oriented  activities, as well as in activities which, in the determination  of TIDCORP, promote and develop the capital goods and import-substitution industries.
 Purpose
CAPEX inclusive of land acquisition
Permanent working capital
 Program Features
 
 Business Experience
Profitable operations for the last 2 years
 Type and Tenor of Loan
Medium Term Loan: Up to 3 years
Long Term Loan: Up to 7 years
 Loan Limits
Up to P50 million but not more than 30% for land acquisition
 Repayment Terms
Principal and interest payable in arrears, quarterly or semi-annually
 Debt/Equity Ratio
Maximum debt-equity ratio of 4:1 after financing
Minimum net worth of P500,000.00
 Collateral
Project assets and any acceptable collaterals
 Application Fee
P1 M application - P 10,000 plus GRT payable upfront upon application, non-refundable
Over P1 M application - P 20,000 plus GRT payable upfront upon application, non-refundable
  Processing Fee
1/4 of 1% of the approved amount plus GRT which may be deducted from the loan proceeds
 Interest Rate
Applicable Base Lending rate plus spread
 Out of Pocket Expenses
For account of client as billed
 Taxes
Applicable taxes for account of the borrower
 

Short-term Direct Lending Program for SMEs Medium to Long Term Direct Lending Program for SMEs Wholesale Direct Lending Program for SMEs