SBCorp offers soft loan to small companies and businesses

By Pearl Gumapos

The Small Business Corporation (SBCorp) under the Department of Trade and Industry (DTI) on Thursday (Oct. 28) said it will be offering a soft loan to small business owners who need to give their employees 13th month pay starting Nov. 2.

“Nais ng ating pamahalaan na makatulong sa ating maliliit na negosyo na makapagbigay ng 13th month pay sa kanilang mga empleyado na minamandato ng batas. Kami po ay naglaan sa SBCorp under DTI ng pondo na hanggang P500 million para po makatulong,” SBCorp Spokesperson Bobby Bastillo said during the Laging Handa public briefing.

“Ito po ay soft loan. Walang interest at 12 months to pay. Mayroong 3 months na grace period bagamat mayroon itong service charge kasi mayroon din tayong babayaran sa gobyerno,” Bastillo said.

The application for the soft loan will be online and will start from Nov. 2 to Dec. 7.

The SBCorp will give out the soft loan first to beneficiaries in the Department of Labor and Employment’s list from March 2020 to Oct. 15, 2021.

“Last year pa ay hinimok na sila ng DOLE na mag-submit sa DOLE ng kanilang sitwasyon at ang DOLE ay may database po niyang mga kumpanya. Mahigit 11,000 po iyong micro at small na kumpanya na [nagsabi] ng kanilang sitwasyon,” Bastillo said.

“Kaya iyon po ang una nating tutulungan kasi hindi na natin magagawang i-validate pa iyong mga kumpanyang iyan na isa-isa, dahil maikli na lamang ang panahon bago mag-Pasko.” -rir

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