MEDIUM and LARGE ENTERPRISES
-CREDIT GUARANTEE FACILITY (MLE-CGF)
FEATURES
Eligible Lenders | PHILGUARANTEE Accredited: 1. Universal Banks, Commercial Banks, Thrift Banks, and Rural Banks; 2. Financial Institutions (NBFIs) supervised by the Bangko Sentral ng Pilipinas (BSP) |
Purpose | Assist access to financing of the following Industries: 1. Hospitals and Healthcare institutions 2. Logistics 3. Public Utilities/Telecommunications 4. Transportation 5. Industries listed in the Investment Priority Plan (IPP) of the Board of Investments (BOI) 6. Industries mentioned under the Bayanihan 2: Recover as One Act |
Eligible Borrowers | Any Entity, Enterprise or Corporation organized and licensed to engage in business in the Philippines |
Loan Amount Per Borrower | Above Php 50 Million up to Php 300 Million |
STANDARD TERMS AND CONDITIONS
Guarantee Limit / Coverage | Working Capital – 50% of Principal amount of loan Project Finance and CAPEX – Up to 80% of the Principal amount of loan |
Eligible Loan Purpose | 1. Working Capital 2. Project financing 3. CAPEX inclusive of land acquisition (land acquisition cost not exceeding 30% of Project Cost) |
Term of Loan | 1. Working Capital – 1 year to 3 years 2. Project Financing – Up to 7 Years 3. CAPEX – Up to 7 Years Longer tenor may be accepted subject to Pre-Clearance from PCEO |
Term of Guarantee | Term of the loan as approved by the Bank/FI |
Fees: | |
Guarantee Fee | 1.25% to 2.5% per annum plus GRT Risk rated |
Origination Fee/ Processing Fee | Processing Fee of 0.5% of Loan Amount payable upon approval |
Amendment Fee | PhP 5,000.00 per amendment |
Collateral/Security | As maybe required by the accredited lending bank or financial institution |