REGULAR (LARGE ENTERPRISES)
GUARANTEE PROGRAM
FEATURES
Eligible Lenders | 1. Universal banks, Commercial Banks, Thrift Banks, and Rural Banks; 2. Other Financial Institutions (NBFIs) supervised by the Bangko Sentral ng Pilipinas (BSP) |
Purpose | Assist access to financing of: 1. Direct and indirect exporters 2. Industries registered with the Board of Investments 3. Public Utilities 4. Industries the promotion of which is encouraged by government policy |
Eligible Borrowers | Any entity, enterprise or corporation organized or licensed to engage in business in the Philippines |
Loan Amount Per Borrower | Over Php 50 Million up to Single Borrower’s Limit |
Term of Loan | Up to 15 Years |
STANDARD TERMS AND CONDITIONS
Portfolio Requirement | |
Guarantee Limit / Coverage | Up to 80% of the principal amount of loan |
Nature of the Guarantee | Ordinary Guarantee Not a first loss guarantee, but a pro-rata risk guarantee of losses after reasonable collection efforts pursuant to Circular No. 855 Series of 2014 issued by the Bangko Sentral ng Pilipinas (BSP) |
Eligible Loan Purpose | 1. CAPEX inclusive of land acquisition (not exceeding 30% of Project Cost) 2. Working capital 3. Project financing |
Term of Loan | Up to 15 Years |
Term of Guarantee | Term of the loan |
Portfolio/Account Review | Annual Review |
Portfolio Default Tolerance | Not Applicable |
Fees: | |
Guarantee Fee | Risk rated; Maximum of 2.5% per annum, plus GRT |
Origination Fee | Five (5) basis points (bps) for every PhP 10 Million (0.05% per PhP 10 million) payable upfront. |
Out of pocket fees | For account of the borrower/funder as billed |
Amendment Fee | PhP 5,000.00 per amendment |
Collateral/Security | As maybe required by the accredited lending bank or financial institution |
NOTE:
MSMEs shall be defined as any business activity or enterprise engaged in industry, agribusiness, and/or services whether single proprietorship, cooperative, partnership or corporation whose total assets, inclusive of those arising from loans but exclusive of the land on which the particular business entity’s office, plant and equipment are situated, must have value falling under the following categories:
1. Micro not more than P3,000,000
2. Small P3,000,001 to P15,000,000
3. Medium P15,000,001 to P100,000,000