Easy Pondong Pang-Asenso (EPPA)

Program Objective: A lending program that is specifically packaged to address the financing needs of small entrepreneurs. The program accommodates new/start-up and existing projects with easy collateral requirements and simpler documentation procedures.

Eligible Projects:
– Manufacturing;
– Agri-business and agro-processing (except farm level production); and,
– Services (including trading and merchandising).

Eligible Borrowers/Qualifications:
– Asset size of above P3 Million – P100 Million (excluding value of lot where business is located);
– Sole Proprietorship and Partnership (100% Filipino-owned); and,
- Corporations (at least 60% Filipino-owned).

Loan Purposes: Working capital and fixed asset acquisition (except lot acquisition)


Loan Amount: Up to 80% of the total project requirement

Interest Rate: Based on prevailing market rate.

– Credit Line – with one year availability, renewable
– Term Loan – based on the cash flow of project/s financed with maximum of two (2) years grace period on principal payments

Collateral Requirements: Any or combination of, as may be required:
– Real Estate/Chattel Mortgage (REM/CHM)
– Hold-out on Deposits
– Assignment of Receivable and/or Inventory
– JSS of Principal Stockholders/Officers
– Guarantee cover from Small Business Corporation (SB Corporation), if required

Insurance Requirements:
– Insurance on Chattels
– Mortgage Redemption Insurance -132-

Processing Requirements:

For Single Proprietorship:
– Certificate of Registration with DTI
– Bio-data of applicant
– Mayor’s Permit
– Income Tax Return (last 3 years)
– Financial Statements (last 3 years, audited)
– Latest Interim Financial Statement
– Statement of Assets and Liabilities
– Projected Financial Statements (for new/start-up business)

For Corporation:
– Corporate Documents
– List of Officers and Directors as certified by Corporate Secretary and Bio-data of Officers/Directors
– Alien Registration Certificate of Foreign Officers
– List of Stockholders and their shareholdings
– Statement of Assets and Liabilities of Officers
– Board Resolutions to: (1) borrow in the amount of and (2) sign in behalf of the company
– Financial Statement (last 3 years, audited)
– Latest Financial Statement
– Projected Financial Statements (for new/start-up corporations)

Other Documents to be required (when applicable):
– Copy of LC, pro-forma invoice, PO
– Industry membership/Association Endorsement
– Business Plan/Feasibility Study
– Environmental Compliance Certificate
– HLURB Permit
– List of Banks/Creditors with Dealings
– List of Suppliers/Contact Persons
– Project-related documents
– Collateral documents (copies of TCTs, Tax Declaration, Location Plan, RETR, pro-forma invoice for chattels)
– Brief history of operations
– Copy of BOI registration
– Projected Financial Performance
– Accomplished BBI Sheet

Contact Details:
1598 M.H. Del Pilar corner Dr. J. Quintos Streets, Malate, Manila

Programs Management Department II (PMD II)
Phone: (632) 522, 0000 (632) 551, 2200
locals 2448, 2589, 2728, or 2650
Telefax: (632) 405.7640
E-mail: sme-pmu@mail.landbank.com