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Credit scoring model for small businesses launched | Inquirer Business

The Bangko Sentral ng Pilipinas (BSP) and the Japan International Cooperation Agency (Jica) have jointly launched the Credit Risk Database Scoring Model to help lenders better assess the creditworthiness of small and medium enterprise borrowers, including those without credit history or adequate collateral. According to BSP Governor Felipe Medalla, this latest tool for banks was intended to bridge the funding gap for micro, small and medium enterprises (MSMEs) while enhancing the credit risk management of financial institutions using a data-dri ...

Small Business Loan | SMB Loans | PayPal US

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Loan facility set up for small, microenterprises | Inquirer Business

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...

Best Small Business Loans Of 2024

CNBC Select rounded up the best small business loans that can help you get the capital your business needs to operate successfully.

Citi acquisition hits UnionBank’s 9-mo earnings | Inquirer Business

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 ...

Small Business Loans | American Express US

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Small business loans

small business loans Therefore, rather than increasing the number of loans, it is better to reduce interest and reduce monthly payments. If you proceed in the advantageous direction of...

Small Business Loans & Business Financing | Square Loans

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Best Small Business Loans

A business loan can help you start or expand your small business or cover costs. Read this guide to see U.S. News' picks for the best loans for small businesses.

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