8. How much is the loanable value for SME Loans?

c. Up to 60% for REM, 90% if Peso TD and 80% if Dollar TD

a. Up to 80% for REM, 90% if Peso TD and 70% if Dollar TD

b. Up to 80% for REM, 90% if Peso TD and 80% if Dollar TD

11. How much is the fee for Standby Credit Line (SBYCL)?

c. 1/8 or 1% per month (multiplied by number of months certification will be valid) or PhP2,000.00, or whichever is higher, collected upfront upon issuance of certification

a. 1/8 or 1% per month (multiplied by number of months certification will be valid) or PhP2,000.00, or whichever is higher, collected at the expiry of the certification

b. 1/8 or 1% per month (multiplied by number of weeks certification will be valid) or PhP2,000.00, or whichever is higher, collected upfront upon issuance of certification

d. 1/8 or 1% per month (multiplied by number of weeks certification will be valid) or PhP2,000.00, or whichever is higher, collected collected at the expiry of the certification

16. Mrs. Adriano has an existing PhP30MM Term Loan availed in 2017. TL Balance is down to 12MM. Client wants to re-avail paid up portion to invest in a transportation business. Current business is manufacturing of paper. Will you recommend?

b. Yes, as long as the existing business will act as Corporate Guarantor to the loan

a. Yes, as long the loan is fully secured by collateral

c. No, it is too risky to diversify businesses.

d. No, we wait for the existing loan to be fully paid first.

17. Client is into manufacturing of fast moving consumer goods (FMCG). Client, however is not willing to sign the JSS. Will you recommend?

c. Yes, provided that the loan is secured by deposit or collateral and passes all credit evaluation

a. No, this is suspicious for him to refuse.

b. No, JSS is a non-negotiable.

d. Yes, let's just ask someone else to act as JSS.

18. Ms. Lee is an American Citizen who is involved in a manufacturing business in the US. Client's business has complete papers in the US, with plans of expanding in the Phils. Will you recommend?

a. No, the company has to be at least 60% Filipino-owned.

b. Yes, the company has very promising financials.

c. Yes, we're open for foreign investments.

d. No, he has no properties for collateral here in the Philippines.

19. Which of the following is not a basic application requirement?

d. Latest Real Estate Tax Receipt

a. Latest 6 consecutive full months Major Bank Statement

b. Latest 3 years ITR & AFS duly received and stamped by the BIR

c. OR for Appraisal Fee payment

20. If the Business applying for a loan is a rental business, which additional requirement should be asked for?

a. List of Tenants with Contact Numbers

c. List of Customers and Suppliers

EXAM SME Loans

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. Which is TRUE about MSMEs in the Philippines?

a. They contribute 75% of the country's exports revenue

b. The employ less than 50% of the country's working population

c. They make up 99.58% of the registered enterprises in the country

d. None of the above

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. Which industry constitutes 50% of MSMEs in the Philippines?

a. Agriculture, Forestry, and Fishing

b. Wholesale and Retail Trade

c. Tourism, Accommodation, and Food Service Activities

d. Manufacturing

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. Mr. Villarico is in the process of adding 2 more buildings to his poultry farm to accommodate 12,000 more birds. What product will you offer him?

a. SME Term Loan

b. SME Business Credit Line

c. SME Credit Line

d. SME Standby Credit Line

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4.The following are reasons why many SMEs don't have access to Credit except:

a. Lack of acceptable collateral

b. Ownership of business

c. Lack of past creditors

d. No Bank Accounts

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5. SME Standby CredIt Line may be used for foreign trade engagements.

a. True

b. False

c. Case-to-case

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. The following are the allowable loan purpose for SME Loan except:

a. Construction of 3-door Apartment

b. Purchase of Business Owner's Personal Car

c. Acquisition of Heavy Equipment

d. Loan Take-out

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. What is the maximum term for SME Term Loan?

a. 7 years from date of initial availment

b. 7 years from 100% release of proceeds

c. 10 years from date of initial availment

d. 10 years from 100% release of proceeds

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EXAM SME Loans

1. Which is TRUE about MSMEs in the Philippines?

2. Which industry constitutes 50% of MSMEs in the Philippines?

3. Mr. Villarico is in the process of adding 2 more buildings to his poultry farm to accommodate 12,000 more birds. What product will you offer him?

4.The following are reasons why many SMEs don't have access to Credit except:

5. SME Standby CredIt Line may be used for foreign trade engagements.

6. The following are the allowable loan purpose for SME Loan except:

7. What is the maximum term for SME Term Loan?

8. How much is the loanable value for SME Loans?

9. The following are some of the functions that Business Associations serve except:

10.The following are competencies required of an SME Account Officer, except:

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