Turismo Asenso Loan Program: Up to P20M for Tourism MSMEs
Apply for Turismo Asenso loan: up to P20 million at 1% monthly interest for tourism MSMEs. DOT-DTI-SBCorp program with non-collateral options.
The Turismo Asenso loan program provides up to P20 million in low-interest financing for tourism MSMEs. This DOT-DTI-SBCorp initiative helps Filipino tourism businesses expand and improve services.
Loan Features
| Feature | Details |
|---|---|
| Maximum Amount | P20 million |
| Interest Rate | 1% per month (diminishing balance) |
| Repayment Term | Up to 5 years |
| Non-collateral Option | Up to P3M (new), P5M (existing) |
Who Can Apply?
Business Requirements
| Requirement | Details |
|---|---|
| Ownership | Filipino-owned (or 60% Filipino) |
| Track Record | Minimum 1 year operation |
| Asset Size | Not exceeding P100 million |
Credit Requirements
- No past due accounts with SBCorp
- No major negative credit findings
- Clean credit history
Why Tourism Matters
Tourism contributes:
- 8.9% to Philippine GDP
- Employment for 6.75 million Filipinos
- Significant economic driver nationwide
What You Can Finance
Business Expansion
- Scale up operations
- Hire additional staff
- Enhance facilities
- Expand services
Service Improvements
- Upgrade equipment
- Invest in training
- Implement sustainable practices
- Meet international standards
Loan Terms Comparison
| Loan Type | Maximum Amount | Collateral |
|---|---|---|
| New Borrower (Non-collateral) | P3 million | None |
| Existing Borrower (Non-collateral) | P5 million | None |
| With Collateral | P20 million | Required |
How to Apply
Step 1: Check Eligibility
- Verify your business qualifies
- Review credit standing
- Gather business documents
Step 2: Prepare Documents
- Business registration
- Financial statements
- Tax returns
- Business permits
- Project proposal
Step 3: Submit Application
Apply online at brs.sbcorp.ph or through the SBCorp Money mobile app.
Step 4: Await Processing
- SBCorp reviews application
- Virtual assessment conducted
- Approval and release
Program Benefits
For Tourism Businesses
| Benefit | Description |
|---|---|
| Low Interest | 1% monthly vs higher commercial rates |
| Flexible Terms | Up to 5-year repayment |
| High Amounts | Up to P20 million |
| Non-collateral | Options available |
For the Economy
| Impact | Description |
|---|---|
| Job Creation | More tourism employment |
| Service Quality | Better tourist experiences |
| GDP Growth | Stronger tourism contribution |
| Community Development | Local economic boost |
Eligible Tourism Businesses
| Sector | Examples |
|---|---|
| Accommodation | Hotels, resorts, homestays |
| Food & Beverage | Restaurants, cafes, catering |
| Transportation | Tour operators, transport services |
| Activities | Adventure tours, cultural tours |
| Travel Services | Travel agencies, tour guides |
Frequently Asked Questions
What interest rate will I pay? 1% per month on diminishing balance - significantly lower than commercial rates.
Do I need collateral? Not for loans up to P3-5 million, depending on borrower status.
How long is the repayment period? Up to 5 years with flexible terms.
Is this for existing businesses only? Yes, you need at least 1 year of business operation.
Can I use this for new business ventures? The loan is for existing tourism businesses looking to expand or improve.
Contact SBCorp
| Channel | Details |
|---|---|
| Website | sbcorp.gov.ph |
| Loan Portal | brs.sbcorp.ph |
| Mobile App | DTI-SBCorp Money |
| DTI Hotline | 1-DTI (384) |
Ready to grow your tourism business? Apply for the Turismo Asenso loan program at brs.sbcorp.ph or through the SBCorp Money mobile app.