Tourism businesses can avail of soft loans

0

Tourism Secretary Bernadette Puyat

MANILA, Philippines — Tourism Secretary Bernadette Puyat has urged more tourism businesses to take advantage of interest-free soft loans under the Bayanihan 2 Act to help them recover from the pandemic.

Puyat said the government extended to two years the grace period for repayment to help those affected maintain operations and keep their workers.

She added that the loan terms had also been relaxed to encourage more micro, small and medium enterprises in the tourism industry to avail themselves of the loan facility managed by the Small Business Corp. of the Department of Trade and Industry.

The relaxed terms also allow a second round of loans for employee retention and a maximum loan of P5 million. —TINA G. SANTOS


Read Next

Don’t miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

For feedback, complaints, or inquiries, contact us.

FOLLOW US ON GOOGLE NEWS

 

Read original article here

Denial of responsibility! Samachar Central is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment