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DBP Lending Program for Small and Medium Enterprises

DBP Lending Program for Small and Medium Enterprises 1

DEVELOPMENT BANK OF THE PHILIPPINES (DBP) Head Office: Sen. Gil J. Puyat Ave. cor. Makati Avenue, Makati City Program Title: DBP LENDING PROGRAM FOR SMALL AND MEDIUM ENTERPRISES Program Objective: To provide the small and medium enterprises access to market, finance and technical assistance to effectively encourage the growth and development of the sector throughout the country. Eligible Borrowers: (at least 70% Filipino-owned) - Small and Medium-sized Enterprises (SMEs) with total asset size of P3,000,001 to P100 Million - Accredited Participating Financial Institutions (PFIs) - Aggregators Eligible Sectors/Sub-Sectors - Manufacturing, including support industries - Transportation and Transport Services - Education - Communications / IT / Computer Software - Wholesale and Retail, Distribution - Franchising / Dealership / Trading - Hospital and Healthcare Services - Agri-processing - Storage & Warehousing facilities - Education linked to manufacturing - Others Loan Purposes: - Construction, expansion or modernization of new & existing capacities - Acquisition of machinery/equipment, new technology including spare-parts, components & software packages - Investment to enhance research & development including training that would improve & strengthen competitiveness of products - Short term working capital - Permanent working capital for stocks of raw materials, supplies & other requirements needed Terms/Requirements: Interest Rate: Market-based, fixed or variable. Maturity / Repayment - based on cash flow, but not to exceed: - 15 years with maximum grace period of 3 years for fixed assets - 7 years with maximum grace period of 2 years for permanent working capital Fees and other Charges: Depending on fund source Equity Requirement: Minimum of 10 – 20% depending on fund Source Re-lending Scheme: Wholesale and Retail Collateral: Any form of security acceptable to DBP Other Support Services: - Loans counseling through Business Assistance Centers - Alternative Trading System - Internet Cafe - IGLF Grant for Research and Promotion of SMEs


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DBP Lending Program for Small and Medium Enterprises

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