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MANILA, Philippines — Starting a business young often means starting with little or no money.
To bridge that gap, the Department of Trade and Industry (DTI) has rolled out a new loan facility that will help aspiring entrepreneurs secure startup capital at an early stage, when financing is often the hardest to obtain.
READ: DTI rolls out P1-B loan fund for young entrepreneurs
Under the Youth Enterprise Fund of Small Business Corp. (SBCorp), the DTI’s financing arm, entrepreneurs aged 18 to 30 may avail of loans ranging from P30,000 to P500,000, payable over a maximum of three years.
