The Bayanihan to Recover as One Act is supposed to contain several provisions aimed at supporting local businesses. Reportedly, the Small Business (SB) Corp. was tasked to provide loans to micro, small and medium enterprises (MSMEs) for the acquisition of new technologies and systems. Local manufacturers of personal protective equipment; laboratory equipment; medical equipment and devices; alcohol; sanitizers; tissue; hand soap; thermometers; cleaning materials; common medicines; and testing kits will be given preference. The Department of Trade and Industry (DTI) will aid MSMEs in shifting to electronic commerce by providing them technical support.
In addition, government financial institutions (GFIs) will receive about P55 billion to provide low-interest loans to sectors severely affected by the coronavirus pandemic. Of this amount, P10 billion is for the SB Corp. (P4 billion for MSMEs, cooperatives, hospitals and overseas Filipino workers; and P6 billion for tourism); P18.4725 billion, Land Bank of the Philippines (LandBank); P6 billion; Development Bank of the Philippines (DBP); and P5 billion, Philippine Guarantee Corp. The remaining P15.5275 billion is a standby fund that can be infused into LandBank and DBP as additional capital.