4 SME & CORPORATE LENDING PROGRAMS ELIGIBLE PROJECTSAcquisition of fixed assets, working capital (WC), or permanentWC for the Industry categoryManufacturingAgri business and processingService sectors andTrading
5 SME & CORPORATE LENDING PROGRAMS CREDIT FACILITIESA. Short Term LoansShort Term Loan Line (STLL) To finance or augment working capital requirements of borrowersLetter of Credit / For the importation or local acquisition Trust Receipt Line (LC/TR) of machinery or raw materials; facilitates the bank’s opening of LC in favor of beneficiary abroad or locally; TR facilitates the transfer of ownership of the goods to the bank which in turns holds the goods in trust; facilitates the release of goods to the borrowerwithout the benefit of payment.
6 SME & CORPORATE LENDING PROGRAMS CREDIT FACILITIESA. Short Term LoansStandby Letter of Credit (SLC) To guarantee payment of loans or performance of an agreed service over a certain period of time in case of failure of borrower to comply with the original terms of the contract.Omnibus Credit Line (OCL) A flexible line wherein more than one type of credit line can be availed of.Export Packing Credit Line (EPCL) A short-term facility extended to an exporter who is a beneficiary of a valid export LC/ confirmed PO; designed to assist exporters for their pre-shipment needs.Export Bills Purchase Line (EBPL) A post-export facility where the Bank purchases export documents of clients to give them ready access to cash.
7 SME & CORPORATE LENDING PROGRAMS CREDIT FACILITIESB. Long Term LoansTerm Loan (TL) To finance acquisition of fixed assets such asmachinery or equipment construction ofbuildings/warehouses, etc.;Permanent Working To finance the initial operating cost ofCapital projects.
8 SME & CORPORATE LENDING PROGRAMS INTEREST RATESShort Term LoanPrime rate + minimum spread of 3% per annumLong TermPrime rate + minimum spread of 4% per annumTERMShort Term LoanLumpsum upon maturityLong TermMaximum of five (5) years, inclusive of maximumtwo (2) year grace period
9 SME & CORPORATE LENDING PROGRAMS COLLATERALHold-out on DepositsReal Estate MortgageChattel Mortgage on machineries/equipmentOther collateral acceptable to the bank
10 SME & CORPORATE LENDING PROGRAMS PRE-PROCESSING REQUIREMENTSAudited Financial Statements with Auditor’s Report for the past 3 years;Interim Financial Statement, if applicable;BIR-stamped Income Tax Returns for the past 3 years;DTI or SEC Registration Certificate;Mayor’s Permit (current year);Articles of Incorporation and By-Laws;Board Resolution to borrow designating signatories;
11 SME & CORPORATE LENDING PROGRAMS PRE-PROCESSING REQUIREMENTSSecretary’s Certificate on incumbent officers & stockholders with corresponding subscribed and paid-up capital;Pictures of the project and collateral;Project Feasibility Study for start-up projects; andCopies of documents pertaining to collateral.
12 Thank You! For more details, please visit us – 2nd Flr., LBP Bldg Rizal St., Legazpi CityOr call /Thank You!