Here is a guide on how and where to apply for the Business Development Loan Facility offered by Social Security System (SSS) .
The Social Security System or more commonly called SSS, a social insurance program in the Philippines, offers a lot of benefits to its members.
Most of its members are employees of the private sectors and companies. Some of its members are self-employed individuals and non-working persons.
One of the benefits that Social Security System members may be entitled to is the SSS Business Loan. An SSS member may apply for the Business Development Loan Facility for any of the following purposes:
- Site development;
- Enhancement or modernization of existing facilities;
- Construction or repair of building and other civil works;
- Acquisition or repair/upgrading of machinery and equipment including furnishings;
- Acquisition of existing facilities;
- Acquisition of land (up to 50% of the acquisition cost); or
- Working capital
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To apply for the SSS Business Loan, you may follow this simple guide below:
Check for the eligibility requirements
The Social Security System (SSS) has set eligibility requirements for SSS members who want to apply for the Business Development Loan Facility.
To see the full list of requirements, visit – SSS Loan Requirements.
Visit the SSS’ accredited participating financial institution (PFIs) where you want to make your application
The SSS Business Loan is done through an SSS-accredited participating financial institution (PFIs). Go to the PFI and ask for the copy of the form and the requirements.
Based on the official website of SSS, you may apply for SSS Business Loan to any of the following PFIs:
BDO Unibank, Inc.
6/F Equitable PCI Bank Tower 1, Makati City
Ms. Vivian D. de Chavez – Senior Manager
Tel. Nos. 878-4567; 878-4570 (fax)
Development Bank of the Philippines
Sen Gil Puyat Ave., Makati City
Mr. Jose Pepito A. Yusingbo – Manager and Officer-in-Charge,SME Unit
Ms. Leonore L. Tianco
Tel. Nos. 812-9932; 818-9511 loc. 2305
Land Bank of the Philippines
Land Bank Plaza, 1598 M. H. del Pilar, Malate, Manila
Ms. Lina Soriano – Program Officer
Tel. Nos. 405-7640; 522-2200; 551-2200; 405-7198
Philippine National Bank
3/F PNB Financial Center
Pres. Diosdado Macapagal Blvd. Pasay City
Ms. Katrina Jane O. Mayoca – Asst. Manager 2, Financial Institutions Division
Tel. Nos. 573-4661; 526-3131 loc. 4661
Philippine Veterans Bank
101 V.A. Rufino St. Legaspi Village, Makati City
Mr. Plato C. Tirol – Officer-in-Charge, Investment Banking Division
Ms. Karina P. Rodriguez – Account Officer
Mr. Edward S. Lectura – Account Analyst
Tel. Nos. 846-5933 loc. 2101, 2105 and 2118
Planters Development Bank
314 Buendia Ave., Makati City
Ms. Quennie Medrano – Senior Manager
Tel. No. 884-7600 loc. 5183
The requirements and flow of processing may depend on the SSS-accredited PFI you have chosen.
Acknowledgement: This article is sponsored by Usapang Hanapbuhay.
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