In an effort to help victims of the recent typhoons and earthquakes, the Department of Trade and Industry (DTI) reopened the Enterprise Rehabilitation Financing facility to provide immediate and concessional financial aid to micro, small, and medium enterprises (MSMEs) in areas declared under a state of calamity (SOC).
This is also in accordance with the directive of President Ferdinand Marcos Jr. to place the recovery of affected families and businesses at the forefront of the administration’s priorities.
The emergency loan window, implemented through the DTI’s Small Business Corporation (SBCorp), is designed to support businesses in repairing assets, replenishing inventories, sustaining operations, and recovering from revenue losses.
Qualified MSMEs may avail of loans up to ₱300,000, payable monthly for up to three years.
Under the program, qualified MSMEs may avail of loans up to ₱300,000, payable monthly for up to three years, with options for a three or six-month grace period. Loans are interest-free in the first year and carry only a 1% monthly interest rate on a diminishing balance during the second and third years.
Trade and Industry Secretary Cristina Roque urged affected MSMEs to take advantage of the reactivated financing window.
“By reopening this facility, enterprises gain access to timely and affordable financing so they can resume operations, protect employment, and drive local economic activity.”
“When calamities strike, we must make sure our businesses can recover and thrive again. By reopening this facility, enterprises gain access to timely and affordable financing so they can resume operations, protect employment, and drive local economic activity,” Roque said.
As of October 1, eligible areas include the provinces of Maguindanao del Sur, Cagayan, Ilocos Norte, Masbate, Romblon, Oriental Mindoro, Biliran, and Cebu, as well as the cities and municipalities of Valencia (Bukidnon), Kadayangan (Cotabato), Dagupan (Pangasinan), Ibajay (Aklan), and Calbayog (Samar).
Applicants need only a Barangay Certification for loans of up to ₱100,000, while those applying for higher amounts must present a Mayor’s Permit or a Barangay Micro Business Enterprise (BMBE) Certificate, along with a valid government-issued ID, proof of bank or e-money account, and, if applicable, corporate documents.
Applications can be easily submitted through the SBCorp Money mobile app available on Android devices via Google Play Store, Huawei App Gallery, or by visiting https://app.sbcorp.ph on the Chrome browser for iOS devices.
