3. Data Privacy Consent Form4. Copy of updated lncome Tax Return (lTR), duly

stamped received by the Bureau of lnternal Revenue (BlR), together with the supporting Financial Statements (FS), as applicable (in accordance with BSP Circular No. 855, s. of 2014)

5. BIR-audited FS for the previous year6. lnterim FS7. Two (2) copies of valid government-issued lDs with photo8. Latest Business Permits (Mayor’s Permit and Barangay

Permit)9. Latest SSS Contribution Collection List (form R3) prior

to loan application, to serve as basis for number of employees prior to the pandemic (for this purpose, the proof of payment to SSS of employee benefits for the last month of the previous year’s operation is required)

Specific Requirement for Sole ProprietorshipCertified True Copy of DTI Registration

Specific Requirements for Partnerships1. Certified True Copy of Securities and Exchange

Commission (SEC) Certificate of Registration2. Latest General lnformation Sheet and/or additional

documents to fully establish beneficial owners of the legal entity

3. Partnership Resolution authorizing the business relationship and the signatory to sign in behalf of the entity

Specific Requirements for Corporations1. Certified True Copy of SEC Certificate of Registration2. Certified True Copy of Articles of lncorporation and

By-laws3. Latest General lnformation Sheet and/or additional

documents to fully establish beneficial owners of the legal entity

4. Board Resolution duly certified by the Corporate Secretary, or equivalent document (e.g. Secretary’s Certificate), authorizing the business relationship and the signatory to sign in behalf of the entity

Specific Requirements for Cooperatives1. Certified True Copy of Cooperative Development

Authority (CDA) Certificate of Registration2. Certified True Copy of Articles of lncorporation and

By-laws3. Bio-data of incumbent officers and Board of Directors

with photocopy of valid government-issued lD4. Board Resolution duly certified by the Corporate

Secretary, or equivaient document (e.g. Secretary’s Certificate), authorizing the business relationship and the signatory to sign in behalf of the entity

5. List of shareholders/cooperative members with their shareholdings

For more information, please contact:

Rallen O. VerdaderoHeadProgram Development and Management II DepartmentTel. Nos.: (02) 8818-9511 local 3327E-mail: roverdadero@dbp.ph

Gracely Lux G. ItumProgram OfficerProgram Development and Management II DepartmentTel. Nos.: (02) 8818-9511 local 2330E-mail: glgitum@dbp.ph

Lending Center:

For start-up businesses and loan amounts below Php3-million, the following documentary requirements may be submitted in lieu of ITR and BIR-stamped FS:1. Proof of billing for business and residence;2. Copy of last six (6) months Current Account Statements

lf annualized, current year’s interim FS shall be the basis of the loan amount, the following additional documentary requirements shall be submitted:1. Payroll and supporting current year’s SSS monthly

contribution collection list (form R3);2. Paid Utilities;3. Rent/Lease Rentals, if applicable;4. Other supporting documents to support OPEX

requirements

Additional documents may be requested by DBP to facilitate proper evaluation of the borrower’s loan application.

The DBP RESPONSE-MSME RECOVERY is a sub-program of the Bank’s Rehabilitation Support Program on Severe Events

(RESPONSE) which is designed to help accelerate the recovery of MSMEs affected by the COVID-19 pandemic.

Created in compliance with Republic Act No. 11494 or the Bayanihan to Recover as One Act, the Development Bank of the Philippines (DBP) offers this low-interest loan program at flexible terms for the operating expenses of affected businesses, with priority given to those engaged in agri-fishery and non-essential businesses1, including but not limited to, start-ups and cooperatives.

Eligible BorrowersAny duly registered micro, small and medium enterprises (MSMEs) that are existing or new clients of DBP engaged in agri-fishery and non-essential services with preference for medium enterprises, including start-ups and cooperatives

Eligible Loan PurposeFor working capital requirements to finance the operating expenses of a business to ensure its continued operations

Eligibility Criteria

Existing ClientsCurrently operating with one (1) year track record of

profitable operations pre-COVlD Loan is in current status pre- and during COVID-19

pandemic ln case of a restructured account, the borrower has not

violated any terms and conditions of the restructured loan

No new adverse information Acceptable leverage position and debt servicing

capability prior to the pandemic based on existing Bank policy

New ClientsWith acceptable financial ratios prior to the COVID-19

pandemicNo existing loans with other financial institutions for the same purpose No adverse findings on the borrower/principalWith well-defined source of repaymentTrack record of at least three (3) years profitable

business operations (For start-up companies, at least one (1) year operation is required)

Positive/favorable outlook of the industryLeverage position and debt servicing capability prior to

the pandemic are acceptable based on existing Bank policy

Debt to Equity (D/E) ratio of 70:30

Credit FacilityTerm Loan

Loanable AmountLoan amount is up to 100% of the one (1) year cash operating expense based on the previous year’s audited and/or BIR-stamped financial statements, or the annualized present year’s interim financial statement, whichever is higher

lnterest Rate3% per annum fixed for three (3) years subject to the following conditions:1. 100% employee retention within a period of one (1)

year based on the total number of employees. The one (1) year period is reckoned from date of loan approval.

2. Additional 1% per annum on the interest rate if employee retention falls below 100% within a period of one (1) year

Grace PeriodMaximum of twelve (12) months grace period on principal only

Loan TenorMaximum of three (3) years including grace period

Loan Security / ConditionsNo collateral requirement for loans amounting to Php3-million and below.

For loans of more than Php3-million, collaterals may be any or a combination of the following:a. Real Estate mortgage;b. Chattel mortgage;c. Assignment of insurance/surety/guarantee coverage

acceptable to DBP;d. Assignment of supply contract receivables;e. Continuing Suretyship (JSS) or Co-makership;f. Hold-out on depositg. Post-dated checks covering loan amortization;h. Other security arrangements acceptable to DBP

Mode of ReleaseLump sum

Standard FeesService fees - waivedGRT - for the account of the borrowerDST - for the account of the borrower

Minimum Documentary Requirements

General Requirements1. Letter of lntent2. DBP Application Forms

DBP RESPONSE-MSME RECOVERY (Retail Lending)

1 Non-essential businesses are those that are not allowed to operate at 100% capacity under ECQ as defined by DTI Memorandum Circular No. 20-44 s. 2020.