10 MSME Loans in the Philippines for Scaling Up Your Business

Rouselle Isla

Rouselle Isla

Last updated June 30, 2023

What should Filipino entrepreneurs do to keep their businesses afloat in these financially challenging times? 

Micro, small, and medium enterprises (MSMEs) account for 99.5% of the total establishments and 62.8% of the total labor force in the Philippines. Moreover, they contribute 35.7% of the total value added to the Philippine economy.[1] But because of difficulties in accessing credit and financial programs, MSMEs don’t always achieve their full potential. 

That’s where MSME loans in the Philippines come in. Here are some government and bank loan options for existing or aspiring owners of micro, small, or medium enterprises who need funds to start, grow, or revive their businesses. 

MSME Loans in the Philippines: 7 Government Loan Programs

Pondo sa Pagbabago at Pag-Asenso (P3)

msme loans in the philippines - p3 loan

  • Who can apply: Cooperative members and micro-entrepreneurs such as stall owners, sari-sari store owners, and market vendors
  • Loan amount: ₱5,000 to ₱200,000
  • Interest rate: Up to 2.5% per month

How to Apply for a P3 Loan

To file your P3 Loan application,[2] submit the following requirements to the nearest partner microfinance institution (MFI) or credit delivery partner of Small Business Corporation (SB Corp):

  • Accomplished application form (can be obtained from the MFI)
  • Barangay/Municipal Business Permit
  • Photocopy of any valid government-issued ID
  • ID photo
  • DTI Certificate of Business Name Registration (for loan applications exceeding ₱50,000)

Agricultural Credit Policy Council (ACPC) Loan Programs

msme loans in the philippines - acpc loan programs

The Agricultural Credit Policy Council by the Department of Agriculture aims to offer loans through the KAYA, ANYO, and SURE programs. It finances working capital or fixed asset acquisition requirements of startups or existing agri-based projects of agri-fishery graduates and young entrepreneurs.[3]

A. Kapital Access for Young Agripreneurs (KAYA) Loan Program

Who can apply for the KAYA Loan Program 
  • Agripreneurs aged 18 to 30 years old 
  • Graduates of an agri-fishery-related diploma or training course
  • Registered in the Registry for Basic Sectors in Agriculture (RSBSA) or the Farmers and Fisherfolk Enterprise Development Information System (FFEDIS)
KAYA Loan Program Benefits
  • Loan amount: Up to ₱500,000
  • Payable for up to five years 
  • No interest 
KAYA Loan Program Requirements
  • Government-issued photo-bearing ID
  • Accomplished loan application form 
  • Simple business plan 
  • Certificate of Agri-Fishery Related Course/Training

B. Agri-Negosyo (ANYO) Loan Program

Through the ANYO program, you can borrow money to fund your production, distribution, or acquisition of machinery and equipment. You can also use it for other loan purposes such as processing, marketing, and construction of facilities.

Who can apply for ANYO Loan Program
  • Small farmers and fisherfolk
  • Overseas Filipino Workers 
  • Micro and Small Enterprises (single proprietorships, partnerships, corporations, associations/cooperatives
  • Farmer and fisherfolk organizations and association
ANYO Loan Program Benefits
  • Loan amount: Up to ₱300,000 for eligible individuals / ₱15 million for registered MSEs 
  • Zero interest
  • No collateral
  • Loan tenor of up to five years

C. Expanded Survival and Recovery (SURE) Aid Loan Assistance

The SURE loan assistance offers working capital loans to agri-fishery and livestock MSEs and cooperatives and associations. 

SURE Program Benefits
  • Loan amount: Up to ₱10 million
  • No interest 
  • Loan tenor of up to five years

 💼 Launch or Expand Your Small Business With an #UNOnow Loan

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With an #UNOnow Loan, you can borrow funds starting at ₱10,000 up to ₱500,000 with a monthly interest rate of 2%. You can pay it back in six, 12, 18, 24, or 36 monthly installments. 

Apply for an UNONow Loan via Moneymax now! 

Livelihood Seeding Program/Negosyo Serbisyo sa Barangay

msme loans in the philippines - livelihood seeding program

This program caters to microenterprises located in priority barangays in the least developed areas. 

Who can apply: Micro entrepreneurs affected by the COVID-19 pandemic

Livelihood Seeding Program Benefits

  • ₱5,000 to ₱15,000 financial assistance
  • Enterprise development training
  • Business counseling/mentoring

How to Apply for the Livelihood Seeding Program

To avail of this government assistance,[4] go to your barangay/city/municipal hall. Express your interest and inquire about how to join the program. You can also send an inquiry to bsmed@dti.gov.ph.

Read more:

DOLE Integrated Livelihood/Kabuhayan Program

msme loans in the philippines - DOLE Integrated Livelihood/Kabuhayan Program

The DOLE Kabuhayan Program seeks to assist vulnerable and marginalized groups  such as senior citizens, PWDs, and solo parents in building their livelihoods through individual or group undertakings.[5] 

Who can apply for DOLE Kabuhayan Program

  • Marginalized fisherfolk 
  • Women and youth 
  • Parents or guardians of laborers 
  • Indigenous people 
  • Elderly workers 
  • Displaced workers 
  • Working persons with disability 
  • Low/minimum wage earners or seasonal works 
  • Rebel returnees

Kabuhayan Program Benefits

  • Starter Kit/Nego-Kart or up to ₱20,000, depending on the project requirement
  • Financial assistance of ₱500,000 to ₱1 million for group projects

How to Apply for the Kabuhayan Program

Submit an application letter, business financial plan or project proposal, and a beneficiary profile with a picture to any DOLE-accredited co-partner in your area.

RISE UP Loan Program

msme loans in the philippines - RISE UP Loan Program

The RISE UP (Resilient, Innovative, Sustainable Enterprises, Unleash Your Potential with SB Corp.) loan program replaced the Bayanihan CARES (COVID-19 Assistance to Restart Enterprises), which ended in January 2022.[6] 

RISE UP has three kinds of loans: the Multi-Purpose Loan for all enterprises, the Tindahan Loan for sari-sari and grocery stores, and the Turismo Loan for tourism enterprises. 

RISE UP Multi-Purpose Loan

One of the loans for SMEs you can avail of is the RISE UP Multi-Purpose Loan. It aims to provide easily accessible multi-purpose loans with affordable terms. It caters to existing SBCorp clients and multi-sectoral MSMEs. 

A. Micro Multi-Purpose Loan
  • For multi-sectoral microenterprises
  • Up to ₱300,000 loan amount
  • Loan term: Up to three years (inclusive of grace period) 
  • 12% interest rate p.a. based on diminishing balance (exclusive of DST) 
Micro Multi-Purpose Loan Requirements
  • Business track record of at least one year
  • Government-issued ID
  • Barangay Certification (for loans not more than ₱100,000)
  • BMBE Certificate/Mayor’s Permit (for loans more than ₱100,000)
  • Photos/videos of business operations and assets
  • Other corporate documents, if applicable
B. SME Multi-Purpose Loan First Timers 
  • For multi-sectoral SMEs and first-time borrowers
  • Loan amount: Up to ₱2 million
  • Loan term: Up to three years (inclusive of grace period) 
  • 12% interest rate p.a. based on diminishing balance (exclusive of DST) 
SME Multi-Purpose Loan First Timers Requirements
  • Business track record of at least one year
  • Government-issued ID
  • BMBE Certificate/Mayor’s Permit (for loans more than ₱100,000)
  • BIR-filed Financial Statement for the prior year reflecting positive net income 
  • BIR-filed FS for earlier two years; other proof of sales and/or assets
  • Other corporate documents and proof of sales/assets
C. SME Multi-Purpose Loan Suki Features
  • For existing SBCorp borrowers in good standing with at least six months' repayment track record
  • Loan amount: Up to ₱5 to ₱10 million
  • Loan term of up to five years (inclusive of grace period) 
  • 8% to 12% interest p.a. based on diminishing balance (exclusive of DST)
SME Multi-Purpose Loan Suki Requirements 
  • Existing borrowers of SBCorp are automatically qualified 
  • Proof of sales (including bank statements)
  • In-house Financial Statement (FS) 
  • BIR-filed FS (for loans exceeding ₱3 million)
  • Proof of ownership and government valuation of real estate assets to secure the loan
  • Proof of Value of Asset (for fixed asset acquisition)
  • Collateral (for loans exceeding ₱5 million)

RISE UP Turismo

Primary and secondary tourism enterprises and tourism support services may apply for the RISE UP Turismo Loan. 

Primary Tourism Enterprises must be accredited by the DOT, which include the following: 

  • Hotels 
  • Resorts 
  • Apartment hotels 
  • Mabuhay accommodations 
  • MICE facilities and organizers
  • Travel and tour agencies 
  • Adventure, sports, and eco facilities 

Meanwhile, DOT accreditation for Secondary Tourism Enterprises is optional. These enterprises include the following: 

  • Restaurants
  • Galleries and museums
  • Spas 
  • Zoos 
  • Tourism recreation and entertainment centers 
  • Tourist shops 
  • Tourism training centers 
  • Agri tourism farm sites 

Tourism support services must be located in focused tourism destinations to qualify for the RISE UP Turista loan. Tourism support services include: 

  • Fast food places
  • Eateries 
  • Coffee and beverage shops 
  • Bake shops 
  • Food vendors and producers 
  • Hair salons 
  • Gyms and health clubs
A. Micro Turismo Loan
  • Loan amount: ₱50,000 to ₱300,000 
  • Loan term: Up to four years (inclusive of grace period) 
  • One-time service: 4% to 8%
B. SME Turismo Loan
  • Loan amount: Up to ₱5 million
  • Loan term: Up to four years (inclusive of grace period) 
  • One-time service fee: 4% to 8%
RISE UP Turismo Loan Requirements
  • Business track record of at least one year
  • Government-issued ID
  • Barangay Certification (for loans not more than ₱100,000)
  • BMBE Certificate/Mayor’s Permit (for loans more than ₱100,000)
  • Photos/videos of business operations and assets
  • Other corporate documents, if applicable

RISE UP Tindahan

This loan program caters to sari-sari and retail stores, as well as dealers and distributors from RISE UP’s partner FMCGs.

A. Micro Tindahan Loan 
  • For sari-sari stores with FMCG accreditation 
  • Loan amount: Up to ₱300,000
  • Loan term: Up to three years (inclusive of grace period) 
  • Interest rate: 10% p.a. based on diminishing balance (exclusive of DST) 
Micro Tindahan Loan Requirements
  • Business track record with FMCG of at least one year
  • Government-issued ID
  • Barangay Business Permit (for loans up to ₱100,000)
  • BMBE Certificate/Mayor’s Permit (for loans more than ₱100,000)
  • Photos/videos of business operations and assets
  • Other corporate documents, if applicable
  • FMCG Reference Number
B. SME Tindahan Loan
  • For retail stores, dealers, and distributors with FMCG accreditation
  • Loan amount: Up to ₱5 million
  • Loan term: Up to three years (inclusive of grace period) 
  • Interest rate: 8% p.a. based on diminishing balance (exclusive of DST)
SME Tindahan Loan Requirements
  • Business track record with FMCG of at least one year (at least three years for loans above ₱1 million)
  • Government-issued ID
  • Mayor’s Permit
  • Other corporate documents, if applicable
  • FMCG Accreditation Number
  • Proof of Asset Size not exceeding ₱100 million
  • Photos/videos of business operations and assets

How to Apply for a RISE UP Loan 

  1. Go to SBCorp’s Borrower Registration System[7] and click Create New Account
  2. If you're a new borrower, key in the required information in the fields and click Create Account
  3. Read the reminders on the pop-up window and click Proceed
  4. Another pop-up window will appear regarding creating passwords. Just close the window to proceed to the next step. 
  5. Verify the email sent to the email address you provided. 
  6. You can now apply for a loan on the BRS dashboard. Choose the loan program and the sub-program you're qualified for, and click Apply
  7. Depending on the loan program you select, confirm whether your business is DOT-accredited or provide the FMCG reference number or store ID.  Click Submit
  8. Next, provide details for the prequalification section, including business information and how you want to receive the loan proceeds. 
  9. Verify your bank account details and note the required documents you must upload. 
  10. On the Preview page, upload your documentary requirements by clicking the Attach button. 
  11. Affix your digital signature using your mouse or phone screen. Click Submit
  12. You may download or print a copy of your accomplished loan application. 
  13. To check the status of your RISE UP loan application, log in to your BRS account and check for updates on the dashboard. Alternatively, you can email sbcorporation@sbcorp.gov.ph.

Apply for a personal loan through Moneymax


The Bayanihan CARES Program was officially closed on January 31, 2022.[8] But SBCorp still accepts applications for its special programs for specific segments: CARES for TRAVEL (for tourism establishments), HEROES (for displaced Overseas Foreign Workers), and STAPLES (for small dealers and retailers of consumer goods supply chain). 

A. HEROES Program

Repatriated or returning Overseas Filipino Workers (OFWs) who want to put up their own business can apply for this program. This MSME loan for new businesses offers the following benefits: 

  • Loan amount: ₱30,000 to ₱100,000
  • One-year grace period 
  • No collateral 
  • No interest 

Sign up[9] and complete the Philippine Trade and Training Center (PTTC)’s one-day training. After your training for the HEROES Program, you can now prepare your documents for submission. 

HEROES Program Requirements
  • Accomplished loan application form
  • Certificate of completion of the online training session by PTTC
  • OWWA Certification or proof of being a repatriated OFW
  • Government-issued ID with photo
  • Scanned copy of passport 
  • DTI certificate of registration 
  • AVP of Business Plan 

B. CARES for TRAVEL (Tourism Rehabilitation and Vitalization of Enterprises and Livelihood) 

Filipino-owned, Department of Tourism-accredited MSMEs operating for at least one year can apply for CARES for TRAVEL. 

msme loans in the philippines - cares for travel

CARES for TRAVEL Benefits
  • Loan amount: Up to ₱5 million
  • One-year grace period 
  • No collateral 
  • No interest
CARES for TRAVEL Requirements

For those with a BIR-filed financial statement, submit the following documents: 

  • Most recent BIR-filed financial statements
  • Government-issued ID 
  • Bank or electronic money account number
  • Corporate Secretary Certificate (for partnerships and corporations)

For loan applicants without BIR-filed financial statements, the requirements are as follows: 

  • Government-issued ID 
  • Bank or electronic money account number
  • Corporate Secretary Certificate (for partnerships and corporations)
  • Photos or videos of your business as proof of its financial status/condition 
  • Most recent Barangay and Mayor’s Business Permit


Short for Sustaining Trade Access to Primary Food and Link to Enterprises, STAPLES aims to help food suppliers in the country maintain food affordability and sufficiency. 

Through this financial assistance for small businesses in the Philippines, including retail stores, mini groceries, and consumer goods dealers, Filipinos can replenish their working capital and use the funds for other business needs. 

How to Apply for CARES Program
  1. Create your online account at SBCorp’s Borrower Registration System website by following the instructions and entering the required information. 
  2. You'll be redirected to the application page, where you'll provide your personal and business information. 
  3. Attach the required documents. 
  4. Click Finish
  5. An SBCorp Account Officer will contact you regarding your loan application. 

Visit the SBCorp website for more information about these government loans in the Philippines and other programs and services available. 

Related reading: What Small Business Ideas Can You Start in the Philippines?

SETUP Small Enterprise Technology Upgrading Program (DOST)

msme loans in the philippines - setup

Wholly Filipino-owned MSMEs existing for at least three years in any of the following priority sectors can apply: 

  • Food processing
  • Furniture
  • Gifts, decors, handicrafts
  • Agriculture/Marine/Aquaculture
  • Metals and Engineering
  • ICT
  • Pharmaceuticals, health, and wellness products
SETUP Benefits
  • Infusion of new and advanced technologies 
  • Seed funds to acquire technology or upgrade equipment 
  • Technical training, advisory, and consultancy services 
  • Database information system 
  • Support in product design, testing, and calibration

Some of the requirements you’ll need to prepare are the following: 

  • Letter of intent
  • Comprehensive project proposal 
  • Accomplished Application for Technology Needs Assessment Form
  • Copies of business permits and licenses
  • Certificate of registration of business name 
  • Financial statements for the last three years 

Check the complete list of requirements and learn how SETUP can help your business by visiting the DOST website.

MSME Loans in the Philippines from Other Lenders

msme loans in the philippines - other loans to consider

Got rejected for government loan programs in the Philippines or loans for MSMEs? Can't meet the strict eligibility and documentary loan requirements? Know that you have several alternatives at your disposal. 

Consider getting an MSME business loan from a bank or private lender instead. Here are some recommendations. 

UnionBank Personal Loan

Get the financial boost your business needs with a personal loan from UnionBank. You can quickly get the funding you need and pay it back in easy, affordable, and flexible terms.

Who Can Apply? 

  • 21 to 65 years old
  • Filipino resident or resident foreigner with a valid Philippine address
  • With a TIN
  • Principal credit cardholder 
  • Gross annual income: At least ₱250,000

UnionBank Personal Loan Benefits 

  • Approval in as fast as 24 hours 
  • Loan amount: Up to ₱2 million
  • No collateral 
  • No guarantor
  • Loan tenor of up to five years
  • A welcome gift for approved application through Moneymax 

UnionBank Personal Loan Requirements

  • Valid photo-bearing ID with signature 
  • For employed applicants:
    • Latest 1-month payslip or Certificate of Employment with Salary (issued within the last two months)
    • Latest ITR
  • For self-employed applicants: 
    • Latest ITR (BIR Form 1701) and Audited Financial Statements for self-employed applicants
  • Accomplished Online Personal Loan Application Form
Apply for a UnionBank personal loan via Moneymax

Radiowealth Finance (RFC) Loan 

Whether it's to start a business or strengthen your business operations, Radiowealth Finance can provide solutions to your business's financial challenges.

Who Can Apply for an RFC Loan?

  • At least 21 years old
  • Residing in current address for at least two years (except for new homeowners)
  • Business must be operating for at least one year (for self-employed applicants)
  • Must have a tenure of at least one year with the current employer 
  • Monthly income: At least ₱18,000

Radiowealth Finance Loan Benefits

  • Loan amount: Up to ₱3 million
  • Quick processing time
  • Loan tenor of up to 36 months

Radiowealth Finance Loan Requirements

  • Two valid IDs (at least one government-issued ID) 
  • Latest three payslips 
  • Certificate of Employment 
  • Residential, Business, or Employer address map
  • DTI or Business Permit (for business owners)


Security Bank SME Business Express Loan

This SME loan in the Philippines is an excellent option for business owners looking to finance their short-term needs. Purchase new equipment or get cash for your day-to-day operations with the SME Business Express Loan from Security Bank.

SME Express Loan Benefits

  • Minimum loan amount: ₱1 million
  • Maximum loan amount: ₱5 million
  • Payable in 12, 18, 24, and 36 months
  • Approval in as fast as five days
  • No application fees and collateral for loans of up to ₱5 million 

Business Eligibility Requirements

  • Duly registered to operate in the Philippines 
  • Must be operating for at least three years and profitable for the latest year
  • No outstanding debts that exceed 40% of the monthly income

Business Owner Eligibility Requirements

  • Must be an existing Security Bank account holder (at least six months with ₱50,000 ADB) or existing Security Bank credit cardholder 
  • Philippine permanent resident 
  • At least 21 years old during loan application but not more than 65 years old upon loan maturity    

Final Thoughts

Get those MSME loan documents ready. This way, you can quickly send in your loan application form and get approved. 

Your business should be operating for at least a year to be eligible for most of these MSME loans in the Philippines. So if your new business meets this requirement, you're one step closer to getting that MSME loan. 

Personal loans can also be a source of funding for your MSME. Compare and apply for a personal loan through Moneymax―it’s easy and free! 

Compare Other Personal Loans in the Philippines

Looking for more loan options? Below is a list of trusted personal loan companies and their loan features. Compare and apply through Moneymax now!

Loan Amount

Monthly Add-on Rate

Minimum Annual Income

Approval Time

UnionBank Personal Loan
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Up to ₱2 million
As fast as 5 minutes
UNO Digital Bank Personal Loan
uno digital bank
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₱10,000 to ₱500,000
7 banking days
Metrobank Personal Loan
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₱20,000 to ₱2 million
1.25% to 1.75%
7 banking days
BPI Personal Loan
bpi logo
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20,000 to  ₱3 million
5 to 7 banking days
Tonik Credit Builder
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Up to ₱20,000
Up to 4.84%
Inquire with Tonik
2 banking days
Tala Loan

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₱1,000 to ₱25,000
0.43% to 0.5% daily
24 hours
HSBC Personal Loan
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30,000 to ₱500,000
5 to 7 banking days
CIMB Personal Loan
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30,000 to ₱1 million
As low as 0.83%
2 banking days
Maybank Personal Loan
Maybank logo 2011-1
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50,000 to ₱1 million
5 to 10 banking days
RCBC Bank Personal Loan
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Up to ₱2 million
5 to 7 banking days
SB Finance Personal Loan

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₱30,000 to ₱2 million
5 banking days
CTBC Bank Personal Loan
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₱500,000 to ₱2 million
1.39% to 1.79%
1 to 5 banking days
PSBank Personal Loan
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₱20,000 to ₱250,000
1.75% or 2.5% 
5 to 9 banking days


Rouselle has over eight years of writing experience in the personal finance niche. She has written feature stories, articles, and how-to guides on various personal finance and trending lifestyle topics. Before that, she briefly worked in banking and was a licensed life insurance advisor. When not writing, Rouselle likes to read books and binge-watch films and series. Follow Rouselle on Linkedin.


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