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Here's what happened to the P10-B Covid-19 loan program for small businesses

Here's what happened to the P10-B Covid-19 loan program for small businesses
pcij.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pcij.org Daily Mail and Mail on Sunday newspapers.

Philippines General , Juan Edgardo Sonny , Angelito Acupan , Michael Varcas , Bangko Sentral , Luna Cacanando , Philexport Ortiz Luis , Rolando Toledo , Olivene Gozar , Cherrie Regalado , Sbcorp Bastillo , Bayanihan Covid , Stella Quimbo , Francis Quimba , Robert Bastillo , Makati Poblacion , Sergio Ortiz Luis Jr , Philippine Exporters Confederation , Kalingang Qc Para Sa Negosyo Program , Department Of Labor , Small Business Corp , Philippine Exporters Confederation Philexport , Bayanihan Cares Program , Department Of Tourism , Sb Corp , Department Of Budget ,

Here's what happened to the P10-B Covid-19 loan program for small businesses

Here's what happened to the P10-B Covid-19 loan program for small businesses
pcij.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pcij.org Daily Mail and Mail on Sunday newspapers.

Philippines General , Juan Edgardo Sonny , Angelito Acupan , Michael Varcas , Bangko Sentral , Luna Cacanando , Philexport Ortiz Luis , Rolando Toledo , Olivene Gozar , Cherrie Regalado , Sbcorp Bastillo , Bayanihan Covid , Stella Quimbo , Francis Quimba , Robert Bastillo , Makati Poblacion , Sergio Ortiz Luis Jr , Philippine Exporters Confederation , Kalingang Qc Para Sa Negosyo Program , Department Of Labor , Small Business Corp , Philippine Exporters Confederation Philexport , Bayanihan Cares Program , Department Of Tourism , Sb Corp , Department Of Budget ,

Here's what happened to the P10-B Covid-19 loan program for small businesses

Here's what happened to the P10-B Covid-19 loan program for small businesses
pcij.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pcij.org Daily Mail and Mail on Sunday newspapers.

Philippines General , Juan Edgardo Sonny , Angelito Acupan , Michael Varcas , Bangko Sentral , Luna Cacanando , Philexport Ortiz Luis , Rolando Toledo , Olivene Gozar , Cherrie Regalado , Sbcorp Bastillo , Bayanihan Covid , Stella Quimbo , Francis Quimba , Robert Bastillo , Makati Poblacion , Sergio Ortiz Luis Jr , Philippine Exporters Confederation , Kalingang Qc Para Sa Negosyo Program , Department Of Labor , Small Business Corp , Philippine Exporters Confederation Philexport , Bayanihan Cares Program , Department Of Tourism , Sb Corp , Department Of Budget ,

Here's what happened to the P10-B Covid-19 loan program for small businesses

Here's what happened to the P10-B Covid-19 loan program for small businesses
pcij.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pcij.org Daily Mail and Mail on Sunday newspapers.

Philippines General , Juan Edgardo Sonny , Bayanihan Covid , Angelito Acupan , Michael Varcas , Bangko Sentral , Luna Cacanando , Stella Quimbo , Francis Quimba , Philexport Ortiz Luis , Rolando Toledo , Olivene Gozar , Robert Bastillo , Makati Poblacion , Sbcorp Bastillo , Sergio Ortiz Luis Jr , Small Business Corp , Philippine Exporters Confederation Philexport , Bayanihan Cares Program , Department Of Tourism , Sb Corp , Department Of Budget , Community Quarantine , Philippine Institute Of Development , Vitalization Of Enterprises , Philippine Statistics Authority ,

SBCorp releases P5.9-B for MSME loans

MANILA - Small Business Corp. (SBCorp), the financing arm of the Department of Trade and Industry (DTI), released a total of PHP5.9 billion as of end-February to micro, small, and medium enterprises (MSMEs), its president and chief executive officer Luna Cacanando said in a statement. This is part of the PHP8.08 billion disbursed to SBCorp for the rollout of the zero-interest loan Covid-19 Assistance to Restart Enterprises (CARES) program. The program is part of the Bayanihan to Recover as One Act, or the Bayanihan 2, which allots PHP10 billion for the interest-free loan. However, the Department of Budget of Management (DBM) only disbursed PHP8.08 billion. Of the total released funds to SBCorp, PHP7.93 were allotted for lending and the rest is for the mobilization and operating expenses of the CARES program. About PHP4 billion was earmarked for MSMEs in the tourism sector while PHP3.93 billion for multi-sectoral MSMEs, Cacanando said. She said loans for multi-sectoral MSMEs have been f ....

Quezon City , Ramon Lopez , Luna Cacanando , Assistance To Restart Enterprises , Small Business Corp , Commission On Audit , Department Of Budget Management , Restart Enterprises , One Act , Manila Small Business Corp Sbcorp , He Financing Arm Of The Department Trade And Industry Dti , Eleaseda Total Of Php5 9 Billion As End February To Micro , And Medium Enterprises Msmes , Ts President And Chief Executive Officer Luna Cacanando Said Ina Statement This Is Part Of The Php8 08 Billion Disbursed To Sbcorp For Rollout Zero Interest Loan Covid 19 Assistance Restart Enterprises Cares Program Bayanihan Recover As One Act , R The Bayanihan 2 , Hich Allots Php10 Billion For The Interest Free Loan However , He Department Of Budget Management Dbm Only Disbursed Php8 08 Billion The Total Released Funds To Sbcorp , Hp7 93 Were Allotted For Lending And The Rest Is Mobilization Operating Expenses Of Cares Program About Php4 Billion Was Earmarked Msmes In Tourism Sector While Php3 Multi Sectoral , Acanando Said She Loans For Multi Sectoral Msmes Have Been Fully Utilized As Of End 2021 Sbcorp Issued This Statement Amid The Release Commission On Audit Coa Report That Only 54 96 Percent Or Php4 99 Billion Was Disbursed By Cares Program June Cacanando There Isa Low Uptake Tourism And Travel Sector They Cannot Operate Due To Restrictions Quot Has Lagged Behind In Availing Loan Assistance From Government Effects Prolonged Lockdown Establishments Very Slow Series Lockdowns General Uncertainty Had Governed Past Two Years , Uot She Said As Of End February , Nly Php278 Million Of Loans Were Disbursed To Tourism Related Msmes Some Php524 Are Now In The Pipeline For Processing Quot Who Will Borrow If They Not Allowed Operate It 39s Only That Borrowings Picking Up Because We Just Have Opened Sector , Uot Dti Secretary Ramon Lopez Told Trade Reporters Ina Viber Message Pna ,