FUNDSPACE, a loan aggregator under Globe's 917Ventures, has partnered with Radiowealth Financing Co. (RFC) to offer small and medium enterprises (SMEs) new financing options.

The collaboration aims to provide underserved local businesses easy access to financial services.SMEs will be able to obtain loans from RFC through FundSpace ranging from P300,000 to P5 million, with terms of three to 36 months and interest rates of 1.92 percent for chattel mortgages and 2.25 percent for real estate mortgages. Auto and medical loans are also available.RFC specializes in micro-financing with a focus on serving the disadvantaged market.FundSpace, meanwhile, works alongside reputable financing institutions to present financing options tailored to meet the requirements of various companies, furthering its goal of making capital more accessible to SMEs.FundSpace said its platform streamlines the loan application procedure, enabling applicants to conveniently choose their preferred loan and financial partner."Despite our long history, we have only reached a small segment of the market in need of small loan financing, such as tricycle drivers, sari-sari stores, and market vendors," RFC President and Chief Executive Officer Donald Francis Chiong said."This year, we are aggressively pursuing that," he added.FundSpace "entrepreneur-in-residence" Martin Luchangco, meanwhile, said "our partnership with RFC represents a significant step for FundSpace and the Filipino SME sector."By adding RFC's loan products to our platform, we aim to boost more business' growth and foster further financial inclusion." Read The Rest at :