MENU

Short-term Direct Lending Program for SMEs

 Program
Short-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
Working capital requirements
 Program Features
 
 Eligible Borrowers
Direct Exporters
  • With minimum export volume of US$100,000.00 or its equivalent within the last six months prior to application
  • Profitable operations for the last 2 years

Indirect Exporter
  • Indirectly exporting in the immediately preceding year; and
  • Profitable operations for the last 2 years
 Types of Credit
Accommodation
Transactional and/or Revolving Line
 
 Tenor
180 days PN extendible provided that shipment date and/or expiry of LC/CPO is extended but not beyond 360 days.
 Loan Limit
  • 80% of the value of the L/C, CPO, CSC and/or export bills provided maximum amount will not exceed P20.0M.
  • For indirect exporters, 80% of the value of the receivable from the exporter provided maximum amount will not exceed P20.0 M
 Financial Position
  • Maximum debt to equity ratio at 4:1 after financing
  • Increasing trend in ROA and ROE
 Collateral
REM/CHM and/or other acceptable collaterals
 Application Fee
P 10,000.00 plus GRT payable upfront upon application, non-refundable
 Processing Fee
1/4 of 1% of approved loan 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

 

Return to Top