DTI, SB Corp Launch ERF Program for Cebu MSMEs Post Earthquake
The Department of Trade and Industry (DTI) and Small Business Corp. (SB Corp.) have launched the Enterprise Rehabilitation Financing (ERF) program to aid micro, small, and medium enterprises (MSMEs) in Cebu following the magnitude 6.9 earthquake on September 30, 2025. Applications opened on the same day and can be filed online.
Eligible MSMEs can borrow up to P300,000 under the ERF program. The loans are payable in monthly installments over three years, with a grace period of up to six months. During the first year, there is zero percent interest, and for the second and third years, interest is one percent monthly on a diminishing balance.
Existing SB Corp borrowers in good standing need not resubmit documents. New applicants must have good credit standing and no past-due accounts. Required documents include a government-issued ID, mayor's permit or barangay certification, and proof of bank or e-money account under the business name. DTI Cebu and local government units are conducting a business impact assessment to identify affected enterprises and provide assistance through Negosyo Centers across the province.
The ERF program aims to provide emergency working capital to help MSMEs recover from damage to assets, inventories, and operations caused by natural disasters. Applications can be filed online through the SB Corp loan portal at app.sbcorp.ph.
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