|What is the SULONG Program?
The loan facility is available thru SSS-accredited participating financial institutions (PFIs)/banks which will on-lend the fund to eligible borrowers for financing.
For what purposes may the loan be used?
Eligible borrowers shall be existing private enterprises with the following qualifications:
For short-term loans, the program can fund up to 70% of the value of the Letters of Credit or Purchase Order for export packing, or 70% of the working capital requirement up to P5.0 million.For long-term loans, the program can fund up to 80% of the incremental cost, up to a maximum of P5.0 million.