State-run lender bares new loan products for MSMEs

CEBU, Philippines - State-run SB Corporation bares another set of financing offers for the small and medium businesses, including the exporters.

These innovative financing facilities, according to SB Corp, are part of its transformation agenda to help the country’s Micro, Small and Medium Enterprises.

The new Trade Fair and Inventory Build-up Loan Fund is designed  to finance MSMEs participation in local  and international trade fairs, for inventory build-up, space/booth rental and shipment cost.

A Food and Drug Administration (FDA) Licensing and Production Site Compliance Loan  Fund is also being made available to finance the cost of licensing (direct and overhead cost) and physical assets or improvements that need to be acquired by the MSME to be granted the license.

SB Corp also offers credit facility for Patents Licensing and Inventory Build-up Equity Fund - to finance patent licensing cost and inventory build-up.

A financial assistance is likewise prepared for Commercialization of Innovation Awardee Equity to assist monetary requirements of  start-ups with outstanding product/ service concepts.

Halal and Kosher Certification Loan Fund, is also offered to help MSMEs engaged in food processing and are seeking certification of products for export to Muslim and Jewish territories;

Loan Fund for Farm Development for Pocket Farmer Entrepreneurs is meant to finance the production requirement for long gestating and /or non-traditional high-value crops by farmer entrepreneur and corporate employees.

MSMEs operating within industry clusters with funding requirements of P50 thousand to P200 thousand can also borrow from the agency's Equity Financing for Corporatized Enterprises.

Department of Trade and Industry's (DTI) client or beneficiaries for its SSF (Shared-service-facility) can also take advantage of a special loan facility designed for this particular clientele. SB Corporation is an attached agency of DTI.— Ehda M. Dagooc (FREEMAN)