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LAND BANK OF THE PHILIPPINES. SME & CORPORATE LENDING PROGRAMS.

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Presentation on theme: "LAND BANK OF THE PHILIPPINES. SME & CORPORATE LENDING PROGRAMS."— Presentation transcript:

1 LAND BANK OF THE PHILIPPINES

2 SME & CORPORATE LENDING PROGRAMS

3 ELIGIBLE BORROWERS  Sole Proprietorships  Partnerships  Corporations SME & CORPORATE LENDING PROGRAMS

4 Acquisition of fixed assets, working capital (WC), or permanent WC for the Industry category  Manufacturing  Agri business and processing Service sectors and  Trading ELIGIBLE PROJECTS SME & CORPORATE LENDING PROGRAMS

5 A. Short Term Loans Short Term Loan Line (STLL)To finance or augment working capital requirements of borrowers Letter 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 borrower without the benefit of payment. CREDIT FACILITIES

6 A. Short Term Loans Standby 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. CREDIT FACILITIES SME & CORPORATE LENDING PROGRAMS

7 B. Long Term Loans Term Loan (TL)To finance acquisition of fixed assets such as machinery or equipment construction of buildings/warehouses, etc.; Permanent Working To finance the initial operating cost of Capital projects. CREDIT FACILITIES SME & CORPORATE LENDING PROGRAMS

8 Short Term Loan Prime rate + minimum spread of 3% per annum Long Term Prime rate + minimum spread of 4% per annum INTEREST RATES SME & CORPORATE LENDING PROGRAMS TERM Short Term Loan Lumpsum upon maturity Long Term Maximum of five (5) years, inclusive of maximum two (2) year grace period

9 COLLATERAL SME & CORPORATE LENDING PROGRAMS  Hold-out on Deposits  Real Estate Mortgage  Chattel Mortgage on machineries/equipment  Other collateral acceptable to the bank

10 PRE-PROCESSING REQUIREMENTS 1.Audited Financial Statements with Auditor’s Report for the past 3 years; 2.Interim Financial Statement, if applicable; 3.BIR-stamped Income Tax Returns for the past 3 years; 4.DTI or SEC Registration Certificate; 5.Mayor’s Permit (current year); 6.Articles of Incorporation and By-Laws; 7.Board Resolution to borrow designating signatories; SME & CORPORATE LENDING PROGRAMS

11 8.Secretary’s Certificate on incumbent officers & stockholders with corresponding subscribed and paid-up capital; 9.Pictures of the project and collateral; 10.Project Feasibility Study for start-up projects; and 11.Copies of documents pertaining to collateral. PRE-PROCESSING REQUIREMENTS SME & CORPORATE LENDING PROGRAMS

12 For more details, please visit us – 2 nd Flr., LBP Bldg. Rizal St., Legazpi City Or call /


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