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Manila Bulletin devider Business devider Banking & Finance devider iGlobal.ph secures P500-million credit guarantee from PhilGuarantee

iGlobal.ph secures P500-million credit guarantee from PhilGuarantee

Published Jul 14, 2024 09:11 pm

iGlobal Financial Services, Inc. (iGlobal.ph), a financing firm serving entrepreneurs by bridging the gap between traditional banking and alternative funding sources, has been granted a P500 million credit guarantee by the state-run Philippine Guarantee Corp.

iGlobal.jpg
Seated (L-R): Celso R. Gutierrez, PhilGuarantee Senior Vice President; Alberto E. Pascual,
PhilGuarantee President & CEO; Sandeep G. Chandiramani,
iGlobal.ph Chairman & President; and Atty. Noel Cabrera, iGlobal.ph CFO & Legal Counse. Standing (L-R) PhilGuarantee SVP Atty. Dynah Glady Nepomuceno-Bayot, PhilGuarantee SVP Melinda Adriano, and PhilGuarantee VP Rovi Peralta

“This significant milestone enables the company to broaden its market reach to provide accessible business loans and open credit lines for enterprises across the Philippines,” said iGlobal President Sandeep Chandiramani.

He added that the credit guarantee will allow iGlobal.ph to further support the growth of high-potential entrepreneurs by offering flexible, affordable, and predictable financial solutions.

“This P500 million credit guarantee marks a pivotal moment for business owners in the Philippines. With enhanced access to business loans, enterprises can now achieve their growth ambitions more readily,” Chandiramani said.

“iGlobal.ph is dedicated to providing the financial support needed to cultivate a thriving economic landscape,” he added.

The firm said that, over time, today’s small and medium enterprises (SMEs) will become large enterprises that currently contribute to more than half of the country’s value-added. This brings the Philippines closer to its vision of having 10,000 large enterprises from 4,541 in 2022.

"We help entrepreneurs create jobs and economic opportunity by providing access to capital and support services,” said Chandiramani.

He added, “Our business loans to high-potential medium enterprises allow them to scale operations and build on their successful track record to reach the resource maturity stage.

“This is when they consolidate financial gains brought on by growth and retain the advantages of the entrepreneurial spirit.”

Chandiramani said iGlobal.ph is committed to empowering businesses to reach new heights and become an integral part of the national economy.

By facilitating access to business loans, iGlobal.ph plays a crucial role in transforming these enterprises into significant contributors to the country's economic framework.

The firm makes it easy for entrepreneurs to obtain loans. It meets applicants online to evaluate their financing requirements personally, and a decision is made once the applicant completes the requirements.

iGlobal.ph is one of PHILGUARANTEE’s non-bank and Securities and Exchange Commission (SEC)-supervised partners for SME growth. As a financing company, iGlobal.ph is regulated by the SEC, ensuring transparency and reliability in its financial services.

Related Tags

Philippine Guarantee Corp. iGlobal Financial Services Inc. (iGlobal.ph) Sandeep Chandiramani
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