The Philippine government is giving small businesses that have been negatively impacted by the pandemic an opportunity to start anew by means of a government loan.

Available via the Small Business Corporation, a government financial institution under the Department of Trade and Industry, the loan is part of the Covid-19 Assistance to Restart Enterprises (CARES) Bayanihan 2. The program offers a loan that is free of interest and collateral to micro, small, and medium enterprises.

Depending on assets and sales figures, a business may be granted with a loan of at least Php10,000 and up to Php5 million, with a maximum payment term of four years.


Applicants can apply for the loan online. First, head to and create an account. Proceed to the application process page, provide your personal and business information, and attach pertinent, required documents. These include proof of business address and a government-issued ID.

The next step is to wait for an SB Corp account officer to contact you and finalize the terms of your application. If approved, you’ll need to pay a one-time service fee that’s equivalent to eight percent of your loan, at most.

So far, SB Corp has approved 31,700 loan applications that total Php4.84 billion.

Leave a comment

Your email address will not be published. Required fields are marked *