The Department of Trade and Industry – Quirino Provincial Office, in partnership with the Small Business Corporation (SBC) Northern Luzon Group, conducted a financing forum on July 25, 2016 at the DTI Quirino Negosyo Center in line with the MSMEs Month Celebration.
The forum was participated in by SMEs from various industry sectors namely: processed food, furniture, construction, trading, transport services, and agriculture.
In her opening message, DTI Quirino Supervising Trade and Industry Development Specialist Lenore Lee S. Lopez underscored the crucial role of MSMEs for the country’s economic growth, employment creation and innovation. She mentioned the four (4) pillars of MSME development, and other projects implemented by DTI to help MSMEs maximize their potentials as engines of economic growth.
Small Business Corporation Northern Luzon Area Head Ms. Cynthia B. Tarroja and two (2) SBC representatives from Baguio and Cauayan City Office discussed the SBC’s history, products, and other available financing facilities in promoting the growth of MSMEs.
SBC Area Head Tarroja made emphasis on the three (3) major loan facilities of the Corporation namely: (1) Structured Financing Program intended for business expansion and fixed asset and working capital financing; (2) Pocket Farmers Lending Program for farm development of high value crops; and (3) Public Transport Lending Program for the acquisition of vehicle with a franchise to operate or for transportation of goods.
Other loans offered by the SBC include Patent Licensing, Food and Drug Authority (FDA) Licensing, Halal and Kosher Certification and Trade Fair Participation, among others.
One-on-one consultation between SBC representatives and the participants was conducted to clarify some of their concerns and queries.
Furthermore, SBC representatives visited Melizabeth Food Products in Burgos Quirino and is managed by Ms. Elisa Tomas, a participant interested in availing loan from the Corporation.
About 25 MSMEsexpressed their interest in availing themselves of the different loan programs of SBC.