THE BANGKO SENTRAL ng Pilipinas (BSP) has approved a circular requiring fi nancial institutions to use a standard business loan application form (SBLAF) to make credit more accessible for small ...

AMID global headwinds and domestic pressures, the Bangko Sentral ng Pilipinas (BSP) continues to reaffirm its role as one of ...

Meanwhile, Mr. Diokno said the standard, simplified loan forms for MSMEs, together with policies and guidelines, are also expected to be created in 2021. Industry adoption is expected to start by 2022 ...

Diokno noted that the development of a standard business loan application form will enable the banking industry to meet MSMEs’ preference for borrower-friendly and simplified processes. Also, the ...