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What is the SULONG Program?The SME Unified Lending Opportunities for National Growth (SULONG) Program by government financial institutions (GFIs) designed to give small and medium enterprises (SMEs) greater access to short and long term funds. The program has a total fund allocation of P100 Million. The program has a total fund allocation of P100 million.
For Long-term loans:
Eligible borrowers shall be existing private enterprises with the following qualifications:
For short-term loans Rate to PFI : Fixed rate based on PDST-F (MART 1) Rate Rate to Borrower : at PFIs option For long-term loans Rate to PFI : Fixed rate based on prevailing rate of similar tenor but not to exceed 10% Rate to Borrower : at PFIs option
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