DTI offers P500k loan to SMEs

The Department of Trade and Industry Chief Ramon Lopez said small and medium enterprises can avail loans from P200,000 to P500,000 with 0.5 monthly interest.

This will be payable within 2 to 5 years with 5 to 6 months grace period.

Lopez said this is government’s way of helping micro, small and medium to get back after the coronavirus pandemic hit the Philippine economy, especially SMEs.

Dubbed “Pondo sa Pagbabago at Pag-asenso”, applicants may apply thorugh DTI Negosyo Center after the enhanced community quarantine is lifted on April 12.