SunStar
+ February 14, 2021 THE Department of Trade and Industry (DTI) through its financing arm, the Small Business Corp. (SBCorp), has approved, as of Feb. 9, 2021, a total of 21,695 loan applications under the Bayanihan Covid-19 Assistance to Restart Enterprises (Cares) program to provide micro, small and medium enterprises (MSME) with urgent relief needed to restart their businesses amid the pandemic.
“We have streamlined the application process and made it online to ensure that more businesses are able to avail of this service. SBCorp completes its evaluation of loan requests within seven working days, even faster if the documents are complete. Submission of documents such as BIR tax return can fast-track approval,” said Trade Secretary Ramon Lopez.