SME Impact
SME Loan (Term Loan)
A normal/regular loan payable in 6-12 months, amortize based on the cash flow of the business.
SME Line (Revolving Credit Line)
A hassle-free 1-year revolving credit line available to hyper growth SMEs with excellent repayment record as SME client.
SME Bridge (Bridge Financing Loan)
A short-term loan to be repaid in not more than 3 months for SMEs awaiting release of their bank approved loans
Working Capital Loan
Loan for up to P 2.0Mn for the regular additional operating capital of SMEs and payable up to maximum of 24 months. This could be used for:
*Payroll of employees while awaiting collections
*Purchase of raw materials
*Increase of inventories
*Other business expansion requirements
*Defray expenses for joining trade fairs and bazaars
Purchase Order Loan
Loan up to P 2.0Mn covering 1 or more purchase orders (POs). This is to help SMEs meet the working capital to service POs. Term of the loan is PO due date + 30 days. The loan is based on the PO presented and computed at 70% of the face value of the PO. This is normally available to manufacturers, producers and exporters.
Fixed Asset Loan
Loan for up to P 2.0Mn and may be payable for up to 36 months. This could be availed for the following purposes:
*Acquisition of lot or property for expansion of production area
*Improvement of facilities (renovation, expansion,re- painting, etc)
*Upgrading, improvement or acquisition of new machines or equipment or delivery vehicle
The property or equipment acquired shall be automatically mortgaged to SME-ICC as security for the loan.
High Impact Loan
A special loan product looking at the extra-ordinary impact of the business. Projects under this window are given preference (priority) and granted interest discount. Loans under this window could be unique business or the entrepreneur is a preferred sector of SME-ICC (like physically challenged individual, women, indigenous people, and out of school youth).
