SBCorp. approves P8.20 billion worth of loans for MSMEs 

Naaprubahan ng Small Business Corp. (SBCorp.) ang P8.20 billion worth of loans para sa micro, small, and medium enterprises (MSMEs) na naapektuhan ng COVID-19 pandemic. 

“(As of December), P8.20 billion worth of loans have been approved to 50,003 MSMEs under the COVID-19 Assistance to Restart Enterprises (CARES) Program and for SBCorp.’s other lending programs targeted to assist MSMEs adversely affected by the COVID-19 pandemic,” sabi ng Department of Trade and Industry (DTI), na siyang nangangasiwa sa SBCorp., sa isang statement. 

“Given this, SBCorp. has in fact exceeded the P8.08 billion in funds downloaded to it under the Bayanihan II Act,” dagdag pa nito. 

Ayon sa DTI, ipinagkaloob ng Bayanihan II Act ang P10-billion capital infusion sa SBCorp. upang tulungang tustusan ang pandemic-affected MSMEs. Gayunpaman, naglabas lamang ng P8.08 billion ang Department of Budget and Management (DBM), kung saan P7.93 billion ay binubuo ng loanable funds. Ang natitirang budget ay gagamitin dapat sa mobilization at operating expenses. 

“Of the P7.93 billion in loan funds, P4 billion was set aside for travel and tourism-related loans. The remaining P3.93 billion (was to be lent to) multi-sectoral MSMEs or businesses in the trading, manufacturing, services, agriculture, and other sectors,” saad ng DTI.

Sa pakikipagtulungan sa Department of Tourism, inilunsad din ng SBCorp. ang CARES for Travel, isang loan program na nakalaan para sa tourism enterprises. As of November 30, nakapag-disburse na ng P329 million worth of loans ang SBCorp. sa 735 tourism enterprises. 

“Unfortunately, uptake of tourism loans was and remains sluggish. As of December 2022, only the amount allotted for tourism MSMEs remains from the original DBM disbursement. Most established tourism related enterprises acquire loans from banks as they require bigger amounts,” ani DTI.

Dagdag pa nito: “SBCorp. looks forward to disbursing funds previously set aside for tourism MSMEs to multisectoral MSMES starting January 2023. It is worth noting that tourism MSMEs and other tourism-related establishments may still avail of loans under the terms for multisectoral MSMEs beginning January 2023.”

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Nenette Dizon
Nenette Dizon is a professional writer whose works focus on PR and SEO content creation. She graduated with a degree in Journalism from the University of Santo Tomas.

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