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LAND BANK OF THE PHILIPPINES

LAND BANK OF THE PHILIPPINES. SME & CORPORATE LENDING PROGRAMS. SME & CORPORATE LENDING PROGRAMS. ELIGIBLE BORROWERS. Sole Proprietorships Partnerships Corporations. SME & CORPORATE LENDING PROGRAMS. ELIGIBLE PROJECTS.

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LAND BANK OF THE PHILIPPINES

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  1. LAND BANK OF THE PHILIPPINES

  2. SME & CORPORATE LENDING PROGRAMS

  3. SME & CORPORATE LENDING PROGRAMS ELIGIBLE BORROWERS • Sole Proprietorships • Partnerships • Corporations

  4. SME & CORPORATE LENDING PROGRAMS ELIGIBLE PROJECTS • Acquisition of fixed assets, working capital (WC), or permanent • WC for the Industry category • Manufacturing • Agri business and processing Service sectors and • Trading

  5. SME & CORPORATE LENDING PROGRAMS CREDIT FACILITIES A. Short Term Loans Short Term Loan Line (STLL) To finance or augment working capital requirements of borrowers Letter of Credit / For the importation or local acquisition Trust Receipt Line (LC/TR) of machinery or raw materials; facilitates the bank’s opening of LC in favor of beneficiary abroad or locally; TR facilitates the transfer of ownership of the goods to the bank which in turns holds the goods in trust; facilitates the release of goods to the borrower without the benefit of payment.

  6. SME & CORPORATE LENDING PROGRAMS CREDIT FACILITIES A. Short Term Loans Standby Letter of Credit (SLC) To guarantee payment of loans or performance of an agreed service over a certain period of time in case of failure of borrower to comply with the original terms of the contract. Omnibus Credit Line (OCL) A flexible line wherein more than one type of credit line can be availed of. Export Packing Credit Line (EPCL) A short-term facility extended to an exporter who is a beneficiary of a valid export LC/ confirmed PO; designed to assist exporters for their pre-shipment needs. Export Bills Purchase Line (EBPL) A post-export facility where the Bank purchases export documents of clients to give them ready access to cash.

  7. SME & CORPORATE LENDING PROGRAMS CREDIT FACILITIES B. Long Term Loans Term Loan (TL) To finance acquisition of fixed assets such as machinery or equipment construction of buildings/warehouses, etc.; Permanent Working To finance the initial operating cost of Capital projects.

  8. SME & CORPORATE LENDING PROGRAMS INTEREST RATES Short Term Loan Prime rate + minimum spread of 3% per annum Long Term Prime rate + minimum spread of 4% per annum TERM Short Term Loan Lumpsum upon maturity Long Term Maximum of five (5) years, inclusive of maximum two (2) year grace period

  9. SME & CORPORATE LENDING PROGRAMS COLLATERAL • Hold-out on Deposits • Real Estate Mortgage • Chattel Mortgage on machineries/equipment • Other collateral acceptable to the bank

  10. SME & CORPORATE LENDING PROGRAMS PRE-PROCESSING REQUIREMENTS Audited Financial Statements with Auditor’s Report for the past 3 years; Interim Financial Statement, if applicable; BIR-stamped Income Tax Returns for the past 3 years; DTI or SEC Registration Certificate; Mayor’s Permit (current year); Articles of Incorporation and By-Laws; Board Resolution to borrow designating signatories;

  11. SME & CORPORATE LENDING PROGRAMS PRE-PROCESSING REQUIREMENTS Secretary’s Certificate on incumbent officers & stockholders with corresponding subscribed and paid-up capital; Pictures of the project and collateral; Project Feasibility Study for start-up projects; and Copies of documents pertaining to collateral.

  12. For more details, please visit us – • 2nd Flr., LBP Bldg. Rizal St., Legazpi City • Or call 052-4806887/4806888 Thank You!

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