SME Friendly Banks
Most banks lend to small business. But it is also true that some banks are more SME-friendly than others, given the well-known risks and transaction costs which SME lending is associated with.
In its November 2000 issue, Entrepreneur Philippines short-listed the following banks as “best for small business”. These are: the Development Bank of the Philippines, the Land Bank of the Philippines, the Metropolitan Bank and Trust Company and the Planters Development Bank.
Other government institutions with specialized SME credit programs include the Department of Science and Technology and the Technology Resource Center with facilities for financing technology-oriented small business projects; the Philippine National Bank which implements the Pangkabuhayan Loan Program; and the Small Business Guarantee and Finance Corporation which, aside from its loan guarantee program, implements its own small business lending facility.
SME Friendly Banks
In its November 2000 issue, Entrepreneur Philippines short-listed the following banks as “best for small business”. These are: the Development Bank of the Philippines, the Land Bank of the Philippines, the Metropolitan Bank and Trust Company and the Planters Development Bank.
Other government institutions with specialized SME credit programs include the Department of Science and Technology and the Technology Resource Center with facilities for financing technology-oriented small business projects; the Philippine National Bank which implements the Pangkabuhayan Loan Program; and the Small Business Guarantee and Finance Corporation which, aside from its loan guarantee program, implements its own small business lending facility.
SME Friendly Banks
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