Guide on SSS Business Loan Offer Coverage for Application
SSS BUSINESS LOAN – Here is a list of businesses and companies covered by the loan offer of the Social Security System.
The SSS members may be eligible to apply for the loan offers of the state-run social insurance agency. One of the offers is the SSS Business Loan that is willing to assist its members in several business purposes.
The SSS Business Loan offer is open to finance several purposes. You may apply for the loan offer to finance any of the following:
- 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
Here are the businesses and companies covered by the SSS Business Loan offer:
- Single proprietorship, Partnership or Corporation, as least 60% Filipino owned, including cooperatives and non-governmental organizations;
- Engaged in any business activities allowed/registered under the Philippine laws such as but not limited to the following:
- Agri-Business – contract growing, aquaculture
- Food Processing – rice mill, oil mill, feed mill, meat processing, etc.;
- Manufacturing – garment, ceramics, textile, furniture, construction materials
- Commercial Production – particularly of food and basic consumer items and products for export
- Service-Oriented Enterprises – transportation, warehousing, utilities, communications, etc.
- Tourism Related Projects – hotel, resort, theme park, etc.
- Real Estate Development Projects – industrial estate development
- Sustainable Energy Projects – construction of green building, waste management system, sewerage treatment plant, etc.
- Extractive Industries – mining, quarrying, dredging, oil and gas extraction projects
- Forest Development Projects – plantation, reforestation, regeneration and other forest related projects
- Trading Business
- Leasing/Lending Business
- Have proven track record of profitability for existing enterprises;
- Must be an SSS member-employer in good standing.
To apply for the loan offer, file your application with any of the SSS-accredited Participating Financial Institutions (PFIs).
Aside from the said loan offer, the state-run social insurance agency has several other loan offers. You may visit – SSS LOANS: 3 SSS Loan Offers For Members & How To Apply For Them.
