THE Bagong Henerasyon (BH) Party-list has partnered with the Department of Trade and Industry’s Small Business Corporation (SB Corp) to expand access to affordable financing for small businesses, offering low-interest, collateral-free loans aimed at ending the abusive “5-6” lending cycle that has long burdened Filipino entrepreneurs.
SB Corp, a government financial institution mandated to provide financing to MSMEs, is stepping in to provide a fair and sustainable alternative.
Under the program, entrepreneurs can borrow ₱30,000 to ₱3 million, payable for up to three years, with only 1 percent annual interest and no collateral required.
Applications will be accepted during the Business Loan Roadshow on Nov. 11 at the West Triangle Multipurpose Building in Quezon City.
“This is the real alternative to 5-6 lending — fair, humane and pro-Filipino,” said BH Party-list Rep. Robert Nazal.
“We’re giving small business owners the chance to grow without falling into debt traps,” he added.
Applicants only need to present a government-issued ID, a business permit (barangay certification, Barangay Micro Business Enterprise certificate, or mayor’s permit), and proof of a bank account.
For loans above ₱100,000, postdated checks are required. Pre-assessments are open until Nov. 8, and only the first 150 applicants will be prioritized.
“This partnership gives entrepreneurs access to capital that empowers, not exploits,” said former BH Rep. Bernadette Herrera, a long-time MSME advocate.
“Financing should be a bridge to growth, not a burden that keeps people in poverty,” she stressed.
Herrera said the initiative reflects BH’s core mission of building an economy that includes everyone, not just the privileged few.
She emphasized that MSMEs make up more than 99 percent of Philippine businesses and are vital to job creation and local development.
“When we help small businesses thrive, we strengthen families, communities and the national economy,” Herrera pointed out.
Nazal urged aspiring entrepreneurs to take part in the roadshow and secure fair financing for their ventures.
“This is not just a loan program, it’s a lifeline for every Filipino who dares to dream bigger,” he said.
For inquiries and pre-assessment details, visit the Bagong Henerasyon Party-list official Facebook page.
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