SBCorp announces P20 million loan for tourism MSMEs 

Up to P20 million loan can now be availed by tourism Micro, Small, and Medium, Enterprises (MSMEs) through the Turismo Asenso multipurpose loan program under the Small Business Corporation (SBCorp) to scale up their business operations and improve the quality of their services to tourists, according to a report by Philippine News Agency.

Launched following the successful signing of a Memorandum of Agreement between the DOT and DTI in April 2025, the program aims to empower tourism MSMEs by providing access to low-interest financing to help scale up operations and enhance services for visitors.

“With tourism contributing 8.9% to our GDP and providing jobs to over 6.75 million Filipinos, our approach has always been to grow tourism as a powerful economic driver. The Turismo Asenso loan program is part of this vision—giving our tourism MSMEs the capital they need to expand, hire more people, and improve services. This is real, accessible support for the entrepreneurs at the heart of our tourism economy. We thank DTI Secretary Cristina Roque and SBCorp for this partnership,” Secretary Christina Garcia Frasco said.

Qualified applicants may borrow up to PHP20 million with a competitive interest rate of 1% per month on a diminishing balance basis. For non-collateral loans, new borrowers may access up to PHP3 million, while existing borrowers may qualify for loans of up to PHP5 million. Flexible repayment terms of up to five years are also available.

Interested applicants must have a Filipino-owned registered business or with at least 60 percent Filipino ownership of the business; have a track record of the business not lower than one year; with asset size not exceeding P100 million, excluding the lot; and without past due account in any of the programs of the SBCorp and no major negative credit findings.

Interested applicants may apply through https://brs.sbcorp.ph.