The financing program targets entrepreneurs aged 18 to 30, providing loans ranging from P30,000 to P500,000. Borrowers may repay the loans over a maximum of three years, with flexible grace periods of zero, three, six, nine or 12 months.
Youth support
Trade Secretary Cristina A. Roque said the initiative reflects the Marcos administration's commitment to empowering young Filipinos through entrepreneurship.
"Under the leadership of President Ferdinand R. Marcos Jr., this administration is fully committed to empowering the youth as key partners in nation-building," Roque said.
She added that the fund aims to remove financial barriers so young entrepreneurs can transform innovative ideas into thriving businesses that generate jobs and support local communities.
How to apply
Applicants must submit a valid government-issued ID, a mayor's business permit, proof of a bank account, applicable corporate documents and a business plan outlining the proposed project.
Applications will open July 27 through the official SBCorp mobile app, available on Google Play and Huawei AppGallery.
Interested borrowers may also visit sbcorp.gov.ph or seek assistance from any of the DTI's 18 regional offices and more than 1,600 Negosyo Centers nationwide for information on eligibility and application requirements. —Ed: Corrie S. Narisma
