Asialink targets to disburse P28 billion via new loan program

MANILA, Philippines — Asialink Finance Corp. is aiming to release P28 billion in loans under a new financing program by the end of 2026 as it expands lending to medium enterprises with larger funding needs.

The company’s GrowBiz Loan offers qualified businesses up to P100 million each, payable over as long as seven years, to finance expansion, equipment purchases and day-to-day operations.

Asialink is also targeting P2 billion in net income this year as it broadens its business-lending operations.

The new program increases the maximum financing available to borrowers fivefold from the P20-million ceiling under the company’s existing real estate mortgage loan, which uses property as collateral. It also extends the maximum repayment period from five years to seven years.

Asialink said the offering targets established businesses whose capital requirements have outgrown its existing loan products, including those with expansion plans that encounter strict requirements and lengthy credit processes when seeking bank financing.

“Medium enterprises are at a pivotal stage in their growth journey. They have the ambition, track record and opportunities to scale, but realizing that potential often requires financing that can move at the pace of their business,” Asialink president and CEO Anna Katrina Bañez said.

The expansion comes as Asialink’s total loan portfolio, or outstanding loans to borrowers, reached approximately P26 billion as of July, up 23 percent from the same period last year.

Business loans and loans to micro, small and medium enterprises accounted for 54 percent of the portfolio, equivalent to about P14 billion.

GrowBiz financing is exclusively for business purposes. Borrowers may use the funds to open branches, acquire additional vehicles or equipment, increase inventory and strengthen working capital, or the funds needed to cover daily operating expenses.

Loans can be secured by real estate or a fleet of cars and trucks, allowing borrowers to use available assets as collateral.

Final loan amounts, interest rates and repayment terms will depend on the borrower’s funding requirements, business capacity and credit profile. Applications will undergo a comprehensive credit evaluation and approval process, the company said.

Asialink said it would work with business owners to assess their operations, capital needs and longer-term plans as it takes on larger financing requirements.

“We see tremendous potential in the next generation of Philippine businesses. As companies look toward expansion and new opportunities, AFC wants to make sure that access to financing does not stand in the way of their ambitions,” Bañez said.