Today, I receive all God’s love for me. Today, I open myself to the unbounded, limitless, overflowing abundance of God’s Universe. Today, I open myself to your Blessings, healing and miracles.Today, I open myself to God’s Word so that I become more like Jesus Everyday. Today, I proclaim that I’m God’s Beloved, I’m God’s Servant, I’m God’s powerful champion, And because I am blessed, I will bless the world, In Jesus Name, Amen.
The SME Unified Lending Opportunities for National Growth (SULONG) Program by government financial institutions (GFIs) designed to give small and medium enterprises (SMEs) greater access to short and long term funds. The program has a total fund allocation of P100 Million. The program has a total fund allocation of P100 million.
The loan facility is available thru SSS-accredited participating financial institutions (PFIs)/banks which will on-lend the fund to eligible borrowers for financing.
For short-term loans, the program can fund up to 70% of the value of the Letters of Credit or Purchase Order for export packing, or 70% of the working capital requirement up to P5.0 million.For long-term loans, the program can fund up to 80% of the incremental cost, up to a maximum of P5.0 million.
For short-term loans
Rate to PFI : Fixed rate based on PDST-F (MART 1) Rate
Rate to Borrower : at PFIs option
For long-term loans
Rate to PFI : Fixed rate based on prevailing rate of similar tenor but not to exceed 10%
Rate to Borrower : at PFIs option
For short-term loans, the maximum term shall be 1 year.
For long-term loans, the maximum term shall be 5 years, including a 1 year grace period on principal payment.
1 comments:
manik hossain
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1 comments:
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