• Micro, Small, & Medium Enterprises (MSMEs)
• Cooperatives
• Corporations
• Electric Distribution Utilities (DU)

• Working Capital
• Capital Expenditures
• Construction, repair of disaster-damage facilities or construction or acquisition of new ones
• Short-term working capital requirement of DU covering the incremental increase in generation and distribution expenses

Up to 80% of the funding requirements and shall be within the repayment capacity of the borrower

Fixed at 7% for one (1) year subject to annual repricing thereafter based on BVAL rate plus applicable spread

Any or a combination of the following:

• Real Estate Mortgage
• Chattel Mortgage
• Hold-out on Deposit, government bonds and securities
• Assignment of Receivables, Contracts and/or Insurance Coverage
• Joint & Several Signatures of Principal Stockholders/Officers
• Guarantee Cover
• Post Dated Checks
• Pledge of shares and stocks and other securities
• Other collaterals acceptable to the Bank

The CARES Plus Program is LANDBANK’s unified disaster response and recovery initiative focused on providing financial assistance to strengthen support for affected sectors, helping them recover from the impact of calamities in order to rebuild their businesses and communities for long-term recovery.

MSMEs, coops, corporations and electric distribution utilities that were adversely affected by natural and man-made calamities, including supply chain disturbances due to wars (domestic and abroad), and electric distribution utilities that were unable to cope with incremental increase in electricity generation and distribution expenses. 

CARES Plus is able to provide additional working capital requirement for the expansion of existing business, finance the acquisition of capital expenditures, repair/rehabilitation of disaster-damaged facilities/equipment or acquisition/construction of new ones. Through the Program, LANDBANK also finances short-term working capital requirement of electric distribution utilities to cover the incremental increase in generation and distribution expenses.

Up to 80% of the actual need or project cost per Bank validation. 

For short-term facilities, repayable within a year. For term loans, up to ten years, depending on the project.