SBCorp opens MSME financing

Quick Summary:

THE financing arm of the Department of Trade and Industry (DTI) has launched a special loan facility to provide "crucial financing assistance” to micro-scale, small and medium enterprises (MSMEs) affected by Typhoon Carina.

In a statement issued by the Small Business Corp.(SBCorp) last Thursday, President and CEO Robert C.

Bastillo said the “emergency fund” offers concessional terms not currently available in the market to finance the immediate needs of MSMEs.

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Article Details

Author / Journalist: Andrea E. San Juan

Category: BusinessStartups

Markets: Philippines

Topics: Loan Bastillo Terms Sbcorp Borrowers Financing Loans Facility According Provide Small

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 16:07:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22299422

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Year Established: 2005

Headquarters: Philippines

News Last Updated: 1 days ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #37

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