MSME Hub:
A Guide for Filipino Entrepreneurs
How much amount do I need? Where can I get funds? These are the common questions that entrepreneurs ask when starting and even expanding their businesses. Usually, there are two pitfalls to avoid when raising funds for your business. The first is that you might overestimate your financing need, resulting in paying interest on money that you’re not using. While the second is the opposite, you might underestimate your financing need, which may put your entire business at risk since you have to screw up everything you are working on.
To avoid these pitfalls, you need to determine how much you need. Then, come up with a reasonable estimate. If you are starting a new business, keep in mind that your capital requirement is the sum of your estimated pre-operating expenses, fixed capital investment requirements, initial working capital requirements, and allowance for unexpected costs (contingency).
Starting points:
- Determine how much money you need for a given time period.
- Find funding options that can help you secure that amount in ways that are best for your business right now.
Selected Resources
BUSINESS LOANS
General/Small & Medium Enterprises
LANDBANK supports entrepreneurs through its lending programs. With its presence in all of the 81 provinces nationwide, entrepreneurs are given the support they need to start or expand their existing business wherever they are in the country. Financing facilities include Term Loan, Working Capital and Liquidity Support, Exporter Production Support, Farm Tourism Financing Program, OFW Reintegration Program (OFW-RP), Innovation and Technology (I-TECH), I-Rescue Lending Program, I-Rescue Bus Lending Program, Speed PUV Loan Program, PFI-ACCORD, and Lending Program for Former Rebels. Read More
List: Government MSME Loan Programs in the Philippines
MSMEs play an essential role in the country’s economy, helping provide jobs and encourage development in rural communities. But the COVID-19 outbreak heavily affected them, with over 525,000 MSMEs closing down in May. As one of the most affected sectors, the government started a lending initiative to help MSMEs recover from the economic impact of the pandemic. This article provides everything you need to know about MSME loans in the Philippines. Read More
MSME Credit Guarantee Program (MCGP)
The Program aims to increase the availability of credit from the banking sector and at the same time provide means to jumpstart the MSME with much-needed working capital. This site includes information on the standard terms and conditions of the Program. Read More
DTI Assistance and Other Government Initiatives for MSMEs
The Department of Trade and Industry (DTI) continues to ensure the people with enough food and medicines at the right prices as the country battles the COVID-19 pandemic. This article features the assistance offered by DTI and other government agencies. Read More
MSME Financing Programs
This article showcases the financing programs for MSMEs by the Small Business Corporation. Requirements to avail of these financing programs, including the qualifications of applicants, are discussed in detail. Read More
