Manufacturing

CEDA offers manufacturing loans towards setting up or buying of existing manufacturing enterprises.  Loans will also be extended for the expansion of existing enterprises not bonded to CEDA as well as those that have existing facilities with CEDA. The loan limit for manufacturing loans is set at P4 million.

The maximum repayment term for manufacturing loans is 15 years.  The interest rates as with all CEDA loans will be charged at 5% for all loans below P500,000 and 7.5% on all loans in excess of P500,000 up to a maximum of P30 million. The loans will either be repaid monthly, quarterly or annually depending on the nature of the business. Interest rates are fixed over the duration of the loan. A moratorium will be extended during implementation of the project and interest during the moratorium will not be capitalised.

Start Up Loans

These are loans to start up a manufacturing business.

Security

The machinery to be purchased and used in the production will provide security for the loan. In the case of an already existing business, machinery and equipment already acquired may be hypothecated as additional security.

Requirements

  • Business plan

  • Quotation of the equipment to be purchased

  • Identity documents (individual applicants)

  • Copy of F2 forms certified by company secretary (company applicants)

  • Provisional lease agreements for premises to be occupied

Business Purchase Loans

These are loans for the purchase of an existing manufacturing business as a going concern.

Requirements

  • Deed of sale/offer of sale

  • Quotation for additional equipment (if required)

  • Identity documents (individual applicants)

  • Copy of F2 forms certified by company secretary (company applicants)

Expansion Loans

These are loans for the expansion of capacity for an existing manufacturing business. The project may or may not have existing facilities with CEDA.

  • Business plan

  • Quotation for additional requirements

  • Copy of F2 (if not already a CEDA customer)

  • Identity documents (individual applicant)

Product Sectors: 
Property and Manufacturing