SBCorp achieves record revenue in 2024

The Small Business Corporation (SBCorp), the financial arm of the Department of Trade and Industry (DTI), recorded a milestone in 2024 by exceeding PHP1 billion in revenue for the first time. This achievement marks a significant increase from its pre-pandemic revenue of PHP359 million in 2019.

Operating income also grew substantially, reaching PHP431.1 million from PHP228.6 million over the same period. SBCorp President and CEO Robert Bastillo highlighted the resilience of both the corporation and the micro, small, and medium enterprises (MSMEs) it supports, describing 2024 as a turning point toward sustainable growth.

To further empower MSMEs in 2025, SBCorp has launched new loan programs, including Purchase Order Financing, which offers borrowing amounts ranging from PHP30,000 to PHP20 million at a monthly interest rate of 1 percent. This program targets businesses fulfilling purchase orders from major corporations, franchisors, and international importers.

Another initiative, the Business Expansion Loan, provides financing from PHP50,000 to PHP3 million, with flexible payment terms of up to three years. Borrowers enjoy zero-interest repayments for the first 12 months, with a 1-percent monthly interest applied thereafter, while startups benefit from a 12-month grace period.

SBCorp has also allocated substantial funding for various financing programs, including PHP1 billion for Business Expansion Financing, PHP500 million for Purchase Order Financing, PHP2 billion for Enterprise Rehabilitation, and additional resources for franchise funding, creative industries, halal businesses, and receivables financing. These initiatives aim to address the evolving needs of MSMEs, fostering growth and economic recovery in the sector.