Manila, Oct. 9 -- State-run Land Bank of the Philippines (LandBank) rolled out a new lending program to empower micro, small, and medium enterprises (MSMEs) and their partner financial institutions with accessible financing and capacity-building support.

In a statement on Thursday, the bank said LandBank's Innovative Financing Thrust Towards Inclusive National Growth thru Micro, Small, and Medium Enterprises, or the LIFTING MSMEs Lending Program, allows eligible borrowers to use loan proceeds for working capital, business expansion, equipment purchase or upgrade, renovation, digitalization, franchising, export and trade finance, and green or sustainable projects.

The program offers three loan packages.

The start-up loan, ranging from P...