As an economy fueled by MSMEs, the bill packs multiple provisions that would help businesses bounce back. MSMEs, mostly in non-essential industries, can benefit from loan extension programs, financial assistance, training programs and many more. This will prioritize non-essential MSMEs and startups, and ensure their ability to fulfill their loan obligations (existing, outstanding and new loans) to banks and lending or financial firms. For those who value speed and convenience, alternative lending through financial technology, or online lending would be the most ideal. Learn more about the different business loans in the Philippines to know which will match your business on First Circle’s website.

Source: Manila Times June 12, 2020 16:41 UTC