Article: SSS Hospital Financing Program -
23 Sep 2007
There is an important lending facility for financing of construction or rehabilitation of hospitals as a government service facility. This is a government supported loan program called the SSS Hospital Financing Program.
A facility available for the following: • Construction, repair, or renovation of hospital building • Acquisition or upgrading of hospital equipment
Features of the loan: Maximum loan of P150 million or 75% of total project cost, whichever is lower Maximum term of 20 years inclusive of a 3-year grace period on principal Interest rate reviewable every 5 yrs Quarterly repayment in arrears
Interim financing is also available.
The loan may not be used to finance working capital, land acquisition, or the acquisition of an existing hospital. You can borrow up to P150 million or 75% of the total project cost, whichever is lower. The loan is funded entirely by the SSS, and has a maximum term of 20 years inclusive of a 3-year grace period on principal repayment. Interest rate is reviewable every 5 years. Payment is done quarterly, in arrears. Interim Financing until the release of the Loan by the SSS is available.
Posted By: Metrobank website
15 Nov 2012
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