MSME Credit Guarantee Program (MCGP) Loan Application Form 2022/2023 for MSMEs affected by the Covid-19 Pandemic – apply here. We are delighted to inform the General public about MSME Credit Guarantee Program (MCGP) Business Loan Application Form for Filipino affected by the Covid-19 Pandemic. Get started below:
Here we will discuss about Philippine Guarantee Corp. (PhilGuarantee) – MSME Credit Guarantee Program (MCGP) Loan Application Form, how to apply online and requirements for a successful application online. See more details under.
Brief about MSME Credit Guarantee Program (MCGP)
In a nutshell, The MGCP is a guarantee offered by the Philippine Guarantee Corp. (PhilGuarantee). It aims to increase the availability of credit from the banking sector while also providing much-needed financial support to MSMEs.
MSME Credit Guarantee Program (MCGP) Features & Requirements
- Eligible Borrowers: MSMEs affected by the Covid-19 Pandemic
- Loan Amount: Maximum of Php 50 million per borrower; Loans of over Php 50 million are subject to PHILGUARANTEE’s regular credit guarantee program guidelines before they can be accepted
- Guarantee Limit: 50% coverage for working capital loans, and up to 80% for terms loans for capital expenditures
- Fees: 1% guarantee fee per year and Php 5,000 amendment fee
For Inquiry about:
SME/MSME Business Loan Program – Click Here
Housing Guarantee Loan Program – Click Here
Agriculture Guarantee Loan Program – Click Here
How to apply for MCGP Loan Application Form
To apply online – Visit Official Website here
Interested borrowers must file an application and submit all the needed requirements to the accredited lending partners. After this, PhilGuarantee will advise the approval of the guarantee coverage to the accredited bank or financial institution.
Through the MSME loans, the MSME sector can continue to support and improve their livelihood in the Philippines.
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