The Market Monitor Minding the Nation's Business
The Land Bank of the Philippines (LandBank) has introduced a new lending program aimed at empowering micro, small, and medium enterprises (MSMEs) with affordable financing options and capacity-building support.
Called the Innovative Financing Thrust Towards Inclusive National Growth thru Micro, Small, and Medium Enterprises (LIFTING MSMEs) Lending Program, the initiative enables borrowers to fund working capital, business expansion, equipment upgrades, digitalization, franchising, export activities, and sustainable projects.
The program offers three loan packages. The Start-up Loan, ranging from ₱100,000 to ₱500,000, is for enterprises with less than a year of operations and features minimal collateral, low interest rates, and free financial literacy training.
The Step-up Loan, between ₱500,000 and ₱5 million, is for businesses with at least one year of operations, with benefits such as free training, interest rate reductions, and provision of a Point-of-Sale (POS) terminal.
The Level-up Loan offers up to ₱50 million for small and medium enterprises operating for over three years, with lower rates and access to a LandBank corporate credit card.
LandBank will also offer a rediscounting line to credit cooperatives, rural banks, and microfinance institutions to enhance their lending capacity for MSMEs.
“MSMEs are the backbone of the Philippine economy, making up 99.6 percent of total business establishments and employing 65 percent of the total workforce. Every loan extended to an MSME creates a ripple effect — sustaining jobs, uplifting families, and strengthening communities,” said LandBank President and CEO Lynette Ortiz.
Applications for the LIFTING MSMEs Lending Program may be filed online through the LandBank Business Loan Application portal, available 24/7 via the bank’s website.