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The Small Business Corp oration , the financing arm of the Department of Trade and Industry , on Thursday announced the launch of a loan program to help in the recovery of micro, small, and medium enterprises hit by Typhoon Carina last month.In a statement, the SBCorp said its Enterprise Rehabilitation Financing program was launched on Aug. 27, 2024.
A three-month grace period may also be secured, in case loan borrowers need a reprieve from payments, it said.The loans under the ERF also carry zero interest for the first year, and “1% per month interest rate based on diminishing balance shall be levied for the second and third year.
Small Business Corp Loans Typhoon Carina
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