SMALL BUSINESS CORPORATION 1. Fixed Asset （小型商业公司1。）.pdfVIP

FINANCING SMALL AND MEDIUM ENTERPRISES (sources: Small Business Corporation, Land Bank of the Philippines, Development Bank of the Philippines ) SMALL BUSINESS CORPORATION On 16 November 2001, the Small Business Guarantee and Finance Corporation (SBGFC) and the Guarantee Fund for Small and Medium Enterprises (GFSME) were merged and became known as the Small Business Corporation. Today, Small Business Corporation is the National Government’s third largest provider of SME financing, with a lending portfolio of over P3 Billion. There are over 3,000 clients, 71 partner financial institutions, and serving 57 of the 75 provinces across the country. Through its Direct Lending Program, it offers loan facilities designed to suit the specific financing needs of micro, small and medium enterprises (MSMEs). It also provides additional liquidity to business needs and is a credit champion for MSMEs. Among their Direct Lending facilities are the following: 1. Fixed Asset Financing A direct lending facility intended to finance the expansion projects of domestic enterprises to sustain, expand and improve their business operations. Purpose of the loan will include the following:  Fixed asset acquisition o Equipment or motor vehicle acquisition o Lot acquisition (limited to 25% of total loan)  Building construction/improvement  Refinancing of loans used for fixed asset acquisition (except for loans from other government financial institutions) 2. Working Capital Financing A direct lending facility which aims to address the working capital needs of domestic enterprises.