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Business Ideas

Amid Rising Interest Rates, PH Fintech Startup Cuts Lending Costs to Small Businesses

Thanks to smarter credit scoring, First Circle can offer more competitive rates for small businesses

Established in 2016, First Circle aims to make the lending process easier and more convenient for SMEs. From left: Brian McKiernan, vice president for product management; Patrick Lynch, CEO; Tony Ennis, chief technology officer; Axel Regnström, chief commercial officerLast September 28, the ...

by Lorenzo Kyle Subido  | October 17, 2018 09:00:00
Run & Grow

A guide on how to dig yourself out of debt

Consider these 7 options and get started with a clean slate

It’s always a good time to start paring down your debt even before the financial troubles come knocking.Victoria Españo, CEO and chairperson of auditing firm Punongbayan & Araullo, says many Filipinos misunderstand bankruptcy, thinking of it as something so extremely negative as ...

by Lolita Villa  | September 02, 2016 06:00:00
News and Events

Robredo stresses 5 initiatives to support national development

VP Robredo shares strategies during BPI’s 165th anniversary

The promise of progress looms over the horizon for Filipino entrepreneurs and marginalized sectors as the current administration and its private-sector partners begin to enact plans to improve the state of the country.This, at least, was the collective sentiment aired yesterday by ...

by Angelo Cantera  | August 27, 2016 12:00:00
Startup Tips

What you need to know about education loans and the SSS

The best investment you can make in life is investing in your education.

The best investment you can make in life is investing in your education. This can lead to better job offers and more chances to grab opportunities. College and vocational-technical course students can now expect to meet their financial requirements for enrollment as ...

April 12, 2013 10:00:00
Business Ideas

What you need to know about SSS loans

SSS announces new guidelines of short-term loans.

The Social Security System (SSS) has recovered P1.984 billion in back payments from overdue short-term loans during its six-month amnesty program and  implement a new set of guidelines for short-term loans in December.SSS Assistant Vice President for Lending and Asset Management Ma. ...

November 06, 2012 01:00:00
Startup Tips

8 tips to ward off loan sharks

Before snapping up the loan, make sure you read the fine print.

The credit crunch has eased worldwide, and banks now seem more willing to lend you some money. Locally a lot of banks are in fact, aggressively wooing consumer and business loans, with attractive fixed and close to zero percent interest rates. Although ...

by Atty. Reeza Singson  | September 28, 2012 10:00:00
Business Ideas

Calamity relief package available for SSS members

Financial help for those affected by the floods

The Social Security System (SSS) has announced a calamity relief package that offers early release of pensions, eased-down loan terms, and an extended payment period to help members affected by widespread floods caused by heavy southwest monsoon rains.SSS President and Chief Executive ...

August 14, 2012 09:00:00
Business Ideas

4 ways to raise funds for your business

There are ways to raise funds for your business, without breaking the bank.

One of the most vexing steps and a potential idea-killer in starting a business is the issue of raising money. Financing is often a problem that dissuades most people from even trying to put up a business. Often, when the subject of ...

July 18, 2012 03:00:00
Business Ideas

What you should know about SSS salary loans

SSS partnered with Citibank for a new Prepaid Card for loans and benefits.

The Social Security System (SSS) plans to shift to the electronic disbursement of salary loans and short-term benefits from its current system of releasing them through checks. This will make it more convenient for members and employers.As an initial step, this year ...

June 27, 2012 02:00:00
Business Ideas

5 ways to improve your chances of getting that loan

5 ways

Entrepreneurs need start-up capital to register their business, set up shop and begin operations. Oftentimes, this capital is sourced from personal savings, credit cards, and loans from family and friends. But if additional money is needed and your sources have already run ...

by Jet Ramos-Cruz  | May 11, 2012 01:00:00
Startup Tips

The lowdown on SSS loans

SSS members can now pay their overdue loans at discounted penalties of 50 to 100 percent.

Social Security System (SSS) members can pay their overdue loans at discounted penalties of 50 to 100 percent under a new amnesty program that takes effect on April 2.SSS President and Chief Executive Officer Emilio de Quiros, Jr. said the amount of ...

April 12, 2012 09:00:00
Startup Tips

SSS loans for your startup

SSS is earmarking P7 billion for small business loans and social development projects.

Now that you've launched your business and it is doing well, the next step is to think about expansion. Sourcing funds to help expand your business is a daunting task. Do you approach family or friends first? Or go straight to the ...

by Entrepreneur Staff  | March 22, 2012 04:00:00
Startup Tips

Understanding the basics of a mortgage

As a creditor, you must feel secure about the validity of the mortgage agreement

A mortgage is a contract where a borrower secures a creditor through pledged property in case he fails to pay for money owed.It gives the creditor the right to foreclose on his property through an agreement or the courts. In a foreclosure, ...

by Entrepreneur Staff  | October 05, 2011 06:00:00