The Department of Trade and Industry (DTI) has advised small business owners in typhoon-affected areas to turn to the Small Business Corp. (SBCorp) and tap the DTI’s financing arm to recover from the onslaught of Severe Tropical Storm “Paeng”.
According to Section 4 of Republic Act 10644, among the functions of the negosyo centers is to build local support networks and establish market linkages for MSMEAnother function, the said law states, is to “facilitate access to grants and other forms of financial assistance, shared service facilities and equipment and other support for MSMEs.”LAST May, SBCorp launched a loan program for micro-scale, small-scale and medium-sized enterprises .
A lending window was also opened for sari-sari stores with FMCG accreditation. This window offers a maximum loanable amount of P300,000. Another program, called “SME Tindahan” is for retail stores, dealers and distributors with FMCG accreditation and has a maximum loanable amount of P5 million. According to SBCorp., loan applicants must have a business that is 100-percent Filipino-owned . The MSME must have an asset size of not more than P100 million . It must also have been participating in the supply chain together with an SBCorp-accredited FMCG company for at least a year. To borrow more than P1 million, the enterprise must be participating in the supply chain for at least three years.
SBCorp accepts loan applicants that have no past due account/s under any of the lending programs of the DTI’s financing arm.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Price hike looms for Noche Buena items, says DTIThe cost of some Noche Buena items will increase ahead of the Christmas celebration, the Department of Trade and Industry (DTI) said.
Baca lebih lajut »
Price increase looms for Noche Buena items: DTIThe cost of some Noche Buena items will increase ahead of the Christmas celebration, the Department of Trade and Industry (DTI) said. The DTI said they are currently studying whether to release a p…
Baca lebih lajut »
‘Noche buena’ product makers file price-increase requests with DTI - BusinessMirrorDepartment of Trade and Industry (DTI) said it has received price-increase requests from manufacturers of “noche buena” products such as ham, queso de bola, macaroni salad and fruit cocktail. “Some manufacturers would like to increase price for certain noche buena products such as ham, queso de bola, macaroni salad and fruit cocktail,” Trade Secretary Alfredo
Baca lebih lajut »
PH to ratify ILO Convention to continue EU-GSP+ status -- DTIThe Philippines is working on the ratification of the ILO Convention 81 on Labor Inspection, one of the six proposed additional conventions by the EU Commission for a trading partner to continue enjoying the EU-Generalized System of Preferences+ (EU-GSP+).
Baca lebih lajut »
DTI assures supply of basic goods in calamity-hit areasThe Department of Trade and Industry (DTI) has assured consumers of available supply of basic necessities and prime commodities (BNPCs) in calamity-stricken areas.
Baca lebih lajut »
DTI pushes for renewal of preferential tariff enjoyed by exporters under EU’s GSP+Philippine exports to the EU climbed from 5.3 billion euros in 2014 under the standard GSP to 7.77 billion euros in 2021. The Philippines also recorded its highest utilization rate at 76 percent of total eligible exports, including tuna --- READ:
Baca lebih lajut »