Apply for SSS ASENSO Financing Program

Social Security System’s Access of Small Enterprises to Sound Lending Opportunities (ASENSO), formerly SULONG Program by the government financial institutions, is designed to give small and medium enterprises (SMEs) greater access to short and long term funds by simplifying and standardizing the lending procedures.

Eligible Borrowers

  • All industries except trading of imported goods, liquor and cigarettes and extractive industries like mining, quarrying, etc.
  • SSS member-employer in good standing
  • Single proprietorship, partnership or corporation, at least 60% Filipino owned
  • With asset size of not more than P100.0 million excluding the value of the land
  • Have positive income for the previous year. If the previous year’s income is negative, the average income of the past 2 or 3 years should be positive
  • Have a Debt-Equity Ratio at most of 80:20 after the loan or 70:30, if franchisee

Loan Purposes

Short-Term Loan:

  • Export Financing
  • Credit Line or as temporary working capital

Long-Term Loan:

  • Purchase of equipment
  • Building construction
  • Purchase of lot
  • Purchase of inventories or as a permanent working capital

How to Apply

SSS member-employers may avail of the loan facility through the SSS accredited participating financial institutions (PFIs) which will on-lend the fund to eligible borrowers for financing.

The loan application shall be filed with any of the following SSS’ accredited participating financial institutions (PFIs):

Development Bank of the Philippines
Sen Gil Puyat Ave., Makati City
Contact Persons:
Mr. Jose Pepito A. Yusingbo – Manager and Officer-in-Charge, SME Unit
Ms. Leonore L. Tianco
Tel. Nos. 812-9932; 818-9511 loc. 2305

Land Bank of the Philippines
Land Bank Plaza, 1598 M. H. del Pilar, Malate, Manila
Contact Person:
Ms. Lina Soriano – Program Officer
Tel. Nos. 405-7640; 522-2200; 551-2200; 405-7198

Philippine Veterans Bank
101 V.A. Rufino St. Legaspi Village, Makati City
Contact Persons:
Mr. Plato C. Tirol – Officer-in-Charge, Investment Banking Division
Ms. Karina P. Rodriguez – Account Officer
Mr. Edward S. Lectura – Account Analyst
Tel. Nos. 846-5933 loc. 2101, 2105 and 2118

Planters Development Bank
314 Buendia Ave., Makati City
Contact Person:
Ms. Quennie Medrano – Senior Manager
Tel. No. 884-7600 loc. 5183

The above list of PFIs is subject to change. Please confirm the accreditation of these PFIs with the Housing and Business Loans Department, Business Loans Administration Section.


For Short-Term Loan
Loanable amount shall be 70% of the value of the Letter of Credit (LC)/Purchase Order (PO) for export financing or 70% of the working capital requirement, up to a maximum of Php5.0 million.

For Long Term Loan
Loanable amount shall be 80% of the incremental project cost, up to a maximum of Php5.0 million.


The interest rate of the loan may be variable or fixed based on the prevailing SSS pass-on rate to PFI plus PFI’s spread. The prevailing interest rates shall be reviewed monthly.


For Short-Term Loan
The loan shall have a maximum term of one (1) year payable monthly.

For Long Term Loan
The loan shall have a maximum term of five (5) years, inclusive of a maximum one (1)-year grace period on principal monthly amortization.


For Short-Term Loan

  • Registered/Unregistered Real Estate Mortgage (REM)/Chattel Mortgage (CM)
  • Assignment of LC/PO (for Export financing)
  • Guarantee Cover
  • Corporate Guarantee (for Credit Line, if franchisee)
  • Assignment of Lease Rights (for Credit Line, if franchisee)

For Long Term Loan

  • Registered/Unregistered REM/CM
  • Corporate Guarantee (if franchisee)
  • Assignment of Lease Rights (if franchisee)
  • The loan shall be secured by any collateral acceptable both to the PFIs and the SSS provided the loan is fully secured.

No pre-termination fee/penalty shall be charged in case of pre-payment of loan.

For more information, please visit the Housing and Business Loans Department, 5th Floor, SSS Main Building, East Ave., Diliman Quezon City or you may call telephone number 920-6401 local 5115 or 5129, or e-mail us at or

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