A state-owned company under the Department of Trade and Industry (DTI) is opening a P1-billion loan facility that will be made available to micro and small companies when the quarantine is lifted. Small Business Corp. is setting up the fund under a loan program called Pondo sa Pagbabago at Pag-asenso, which the Duterte administration had earlier launched to help small businesses and prevent them from resorting to loan sharks. The facility is called P3-ERF (enterprise rehabilitation financing), a...
Understanding business loan terms and conditions will help you choose the right financing option for your business. Learn more about your options for small business loans here.
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MANILA -Union Bank of the Philippines registered a weaker bottom line in the January-September period despite stronger revenues as expenses ballooned following the acquisition of Citi’s consumer business and rollout of its digital-only banking arm. On Tuesday, the Aboitiz-led bank announced its net income amounted to P8.1 billion in the first three quarters, lower by 19 percent than the P10.09 billion it booked in the same period last year. Net revenues climbed by 48 percent to P52.8 billion during the period as net interest income grew by 34 ...
Explore our small business financing options and find out how to use small business loans and credit to finance your business needs. Get more information about funding your business with a term loa...
Small business loans can help you finance projects, purchase equipment and get working capital when you don't have enough cash flow. Here are 9 types of loans.
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Business owners may need to borrow funds to cover company-related purchases and operating expenses. Here's what to know about the best small business loans.