The Enterprise Rehabilitation Financing (ERF) Program from Small Business Corporation (SB Corp.), under the Department of Trade and Industry (DTI), was built exactly for moments when calamity strikes and small businesses suffer through emergencies brought by sunken inventories, broken equipment, and disappearing customers. It was designed to give MSMEs the support they need to restart operations without drowning in debt.
If your business is in an area placed under a State of Calamity and you’re looking for the kind of support offered by the ERF, then here’s a step-by-step guide on how to apply, who can apply, the requirements, the covered areas, and the exact process on how you can send your application.
Program Overview
ERF is an emergency working capital loan program designed for micro, small, and medium enterprises (MSMEs) affected by calamities. It helps businesses recover from damaged assets, lost inventory, disrupted operations, and sudden drops in revenue.
Offered by SB Corp, the program was designed to help MSMEs through financing, training, and information services. It gives owners space to breathe, rebuild, and restart operations without the fear of sudden high-interest debt. The zero-interest first year is especially helpful because it gives your business time to stand again before any interest starts ticking. It is a straightforward, beginner-friendly, and accessible program launched for small neighborhood shops to support business owners in calamity-hit areas.
Loan Features
These features make the ERF one of the most manageable loans for recovering businesses:
- Loanable Amount: New and existing SB Corp borrowers may apply for up to PHP 300,000.
- Interest Rate
- 0% interest for the first year
- 1% per month on a diminishing balance for years 2 and 3
- Loan Term
- Payable monthly
- Up to 3 years
- Grace Period: Optional grace period of up to 6 months
This setup gives MSMEs time to breathe, rebuild, and restart operations before regular payments resume.
Benefits
Here’s a complete list of what you can get from this program:
- Gives MSMEs fast-access financial help after a calamity
- Offers up to PHP 300,000 in working capital
- Zero interest for the first year, helping businesses restart without added cost
- Low interest of only 1% per month on a diminishing balance for the second and third years
- Lets business owners stretch payments for up to 3 years
- Offers an optional 6-month grace period so operations can stabilize before repayment begins
- Accepts applications fully online, making the process easy even for busy owners
- Document requirements are simple, especially for loans under PHP 100,000
- Existing SB Corp borrowers with good repayment history don’t need to submit documents
- Helps replace damaged inventory, fix equipment, and restart day-to-day operations
- Serves as a safer alternative to private lenders with high interest
- Designed specifically for MSMEs in calamity-hit areas
- Backed by SB Corp and DTI, giving borrowers a government-supported recovery option
Who Can Borrow?
This loan is open to all MSMEs, whether you’re a sari-sari store, small café, service shop, or specialized local business.
- Micro, Small, and Medium Enterprises (MSMEs) affected by calamities
- Businesses located in areas officially declared under a State of Calamity by the NDRRMC
- New and existing SB Corp borrowers with good credit standing
- MSMEs that suffered asset damage, inventory loss, disrupted operations, or revenue decline due to calamity
- Sole proprietorships, partnerships, and corporations with no past due SB Corp loans
- Businesses with no major negative credit findings
- MSMEs needing emergency working capital to restart or continue operations
You can apply for ERF if your business meets these conditions:
- Your business is located in an area declared under a State of Calamity by the NDRRMC
- You have good credit standing
- You do not have past-due loans with SB Corp
- You do not have major negative credit findings
Documentary Requirements
Here are some of the documents, you will need:
For new applicants
Basic Documents
- Government-issued ID of the sole proprietor/Managing Partner/President/CEO
- Mayor’s Permit or BMBE Certificate for loans above PHP 100,000
- Barangay Certification for loans up to PHP 100,000
- Bank account details under the business name (sole proprietorship, partnership, or corporation)
Other Documents
- Secretary’s Certificate or Board Resolution or Partnership Resolution authorizing the borrowing
- Latest General Information Sheet (corporations)
- Articles of Partnership (partnerships)
For existing SB Corp borrowers with good repayment status
- No documents required
Keeping your documents ready speeds up your application and avoids back-and-forth delays.
Step-by-Step Guide to Applying for ERF
Here’s an easy, friendly walkthrough for new MSME borrowers:
Step 1: Check if your business address is in the calamity list
Scroll through the list above. If your municipality, city, or province is included, you may proceed.
Step 2: Prepare your documents
- Have clear photos or scanned copies of IDs and permits.
- Make sure your bank account is active.
Keeping your files organized makes the online form smoother.
Step 3: Register on the SBCorp Money app (https://play.google.com/store/search?q=sbcorp+money&c=apps&hl=en) or loan portal (https://brs.sbcorp.ph)
- Create an account using your mobile number and email
- Complete your profile
- Secure your login details
Download the app: https://play.google.com/store/search?q=sbcorp+money&c=apps&hl=en
This app lets you:
- Create an account
- Upload requirements
- Fill out loan details
- Track your application status
- Receive updates directly
Step 4: Choose the ERF Program
Inside the app or portal, look for Enterprise Rehabilitation Financing.
Step 5: Fill out the loan application
You will provide details such as:
- Business name
- Business address
- Damage suffered
- Needed working capital
- Upload of documents
Tip: Be honest and specific about your business losses. It helps evaluators understand your situation.
Step 6: Submit your application
Once submitted, SB Corp will review your documents and business details.
Processing time may vary depending on demand in your region.
Step 7: Wait for approval updates
You will receive notifications via:
- SMS
- App notifications
Your loan will be released to the bank account you provided.
How Long Is the Program Open?
The ERF program stays open until 90 days after the declaration of a State of Calamity for your area. If your town was listed recently, apply as early as you can because demand in affected areas tends to surge.
Video: Supply Chain Financing — ERF
Recovering from a calamity isn’t simple, but with the help of the SB Corp Enterprise Rehabilitation Financing Program, MSME owners across the country can access safe and friendly financial assistance designed specifically for post-calamity recovery. Watch this video to learn more: