BANK OF THE PHILIPPINE ISLANDS FUNDING AND GUARANTEE

When it comes to business, the more options, the better. BPI has more choices alongside homegrown products and services. BPI works in direct link with government financing conduits such as the BSP, DBP, LBP, SSS, SBGFC and LGUGC to offer funding and guarantee facilities to SMEs, multinational and other corporate borrowers. These facilities are available to a number of industries among which are production, storage facilities, distribution, services, agribusiness, transport, import/export, logistics and environmental.

BSP’S Rediscounting Facility

The Bangko Sentral ng Pilipinas can fund up to 80% of the promissory note for short-term financing, with fixed interest rate for the entire term. Open to borrowers of all industrial concerns, regardless of asset size and loan amount, this facility was further enhanced by BSP by allowing electronic enrolment, processing and approval. Now called “E-rediscounting”, the rediscounting of short-term promissory notes is made remarkably quickly.

DBP Funding Facilities

In collaboration with the Development Bank of the Philippines (DBP), the following facilities are available to the named industries:

• Industrial Guarantee Loan Fund (IGLF)

For SMEs with a maximum asset size of P100M engaged in Manufacturing and services (schools, hospitals & hotels), this instrument can fund up to 90% of your loan.

• Industrial Support & Services Expansion Program (ISSEP); Japan Bank for Industrial Cooperation (JBIC)
  This is open for organizations with asset size of at least P200M, engaged in manufacturing, storage product distribution, transportation & logistics. Both the working capital (temporal or permanent) needs and capital expenditures (expansion / renovation / construction of facilities, upgrade/replacement/additional machinery & equipment) may be financed under these programs.

• Domestic Shipping Modernization Program (DSMP)
  If the client is a transport and cargo shipping (transport vessels & port development) entity or maritime school, the DSMP fund can support their financing needs.

• Environmental Industrial Support Credit Program (EISCP)
  Go green. Make use of the EISCP window to invest in environmentally sound operations. Finance the operational and capital assets that affect reduction of waste and conservation of energy through this program.

SSS LOAN FACILITY

This facility is open to all types of industries including schools and services and excluding those engaged in extractive industries and trading of luxury items. This is an option for needs that go up to as high as P350 M and is available for all SSS member-employer in good standing.

Local Government Unit Guarantee Corp. (LGUGC)

Are revenue generating projects financed via long term loans by banks? If the account holder is a local government unit, state university, local water district, electric cooperative or private companies engaged in the use of renewable energy, the LGUGC may grant cover for his/her loans.

Small Business Guarantee & Finance Corp. (SBGFC)

Does the client need a guarantor for his/her loans used for working capital and purchase of machinery and equipment? If the client is an SME with maximum asset size of P100M and engaged in manufacturing, retail and wholesale trading and agribusiness, the bank can arrange a guarantee from SBGFC.