Misamis Oriental 2nd District Rep. Yevgeny Vincente Emano has urged officials of the Small Business Corporation (SBCorp) to create measures that would easily release loans to Micro, Small, and Medium Enterprises (MSME) owners.

During SBCorp’s regional roadshow in El Salvador City, Misamis Oriental on Thursday, the lawmaker asked SBCorp to ease the difficulty of small businesses in loan approvals to expand their trade.

“Expect that we will be working so that many loan applications will be approved for your business to improve, which could further help our economy,” he said.

Emano joined other officials in the roadshow, during which SBCorp offered loans to MSME owners ranging from PHP300,000 to PHP3 million without collaterals.

SBCorp is a government financial institution created in January 1991 under Republic Act 6977, or the Magna Carta for Small Enterprises, with the primary responsibility of implementing comprehensive policies and programs to assist MSMEs in all areas, “including but not limited to finance and information services; training and marketing.”

Meanwhile, Gov. Peter Unabia said business owners should transact with SBCorp since it has lower interest rates.

He also urged mayors in the province to strengthen the Negosyo Centers, a facility established by the Department of Trade and Industry to help emerging businesses.

“I advise mayors to appoint, not just designate, personnel whose sole job is to focus on helping business startups, and those who wish to expand their businesses,” the governor said. (PNA)