You can borrow DTI loans amounting from PHP 5,000 to PHP 200,000 with a monthly interest rate of 2.5%. There is also no charge for the loan process. SB Corp. partnered with over 250 MFIs nationwide to help business owners wanting to avail of the P3 loan.
Hereof, how can I change my DTI registration name?
You may email your concern to [email protected] with your name, business name, correction and attached government ID for validation. If you will change information such as residence address, business address, or name and civil status, follow the process for Updating your Business Name Information.
In this way, how do I apply for Cares program?
To apply for the CARES program, call their hotline at (02) 8651-3333 for guidelines. You may also visit www.sbgfc.org.ph for the application form and submit the accomplished form and requirements to the nearest SB Corporation office or Negosyo Center in areas under general community quarantine (GCQ) or modified GCQ.
How do I get financial assistance for my business?
As a business owner, here are the top government business loan options you can choose from.
- MSME government business loan scheme. …
- MUDRA business loan. …
- Credit guarantee fund government business loan scheme. …
- National Small Industries Corporation Subsidy. …
- Credit Link Capital Subsidy Scheme.
Under the KAYA loan program, the DA-ACPC offers zero-interest, uncollateralized loans of up to P500,000, payable in five years. Project proponents should be 18 to 30 years old, and graduates of formal or non-formal schooling.
According to SEC, Cashdrop has no record of registration with the commission. It only managed to secure a business name registration at the Department of Trade and Industry (DTI).
DTI-Region 10 Summary of Programs and Projects
- Shared Service Facility. A major component of DTI’s MSME Development (MSMED) Program is the Shared Service Facilities (SSF) Project. …
- SME Roving Academy. …
- Mentor ME. …
- Great Women Project (GWP) …
- Comprehensive Agrarian Reform Program (CARP) …
- Industry Clusters in Northern Mindanao.
2. What is the CARES Program? The COVID-19 Assistance to Restart Enterprises (CARES) program is a special financing facility of SB Corporation for micro and small enterprises that have been adversely affected by the COVID-19 pandemic. The Program has an initial portfolio of PhP1.
Micro, small and medium enterprises (MSMEs) are considered the backbone of many economies in the world including the Philippines. … MSMEs generated 5.7 million jobs or 63.2% of the total employment in 2018. Collectively, MSMEs are those with employee size of less than 200 and with asset size of below P100 million.
The P3 Program is a funding program that will provide an alternative source of financing for micro entrepreneurs that is easy and quick to access. The program is seen to give a boost to the micro enterprises sector, which comprise the bulk of the micro, small and medium enterprises (MSMEs) sector in the country.
Increase competitiveness, innovativeness and resilience of industries and services. Improve access to finance, to production networks, and to markets. Enhance productivity, efficiency, and resilience. Ensure consumer access to safe and quality goods and services.
The CARE Program offers a minimum 20 percent discount on gas and electric rates. The FERA Program offers a 18 percent discount on electric rates and doesn’t offer a discount on gas rates.
Qualifying for CARE based on household income
|Number of Persons in Household||Total Gross Annual Household Income*|
|1-2||$34,840 or less|
|3||$43,920 or less|
|4||$53,000 or less|
|5||$62,080 or less|