SB Corporation releases loan mechanics of COVID-19 P3 ERF
The Small Business Corporation (SB Corp.) has released the loan mechanics of its COVID-19 P3 ERF or Coronavirus 2019 Pondo sa Pagbabago at Pag-asenso Enterprise Rehabilitation Financing Program. It is a P1B ERF facility under the P3 program and is part of the economic relief initiatives of the government that aims to assist micro and small businesses which operations were adversely affected by COVID-19.
However, the Program is yet to be implemented and will be rolled-out through the DTI Negosyo Centers nationwide after the Community Quarantine restrictions have been lifted, according to SB Corp. President Luna Cacanando last April 8, 2020. She was one of the panelists in Episode 2 (MSME COVID-19 Funding: Roles of Government & Private Sector) of "#RecoveryandResiliencePH: An eFora Series".
Attached is the matrix of the loan mechanics.
Information and inquiries about the program may be sent through any of the following: