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Infrastructure Contractors Support (ICONS) Program

The Infrastructure Contractors Support (ICONs) Program supports the infrastructure thrust of the National Government, including its Public-Private Partnership program, through the direct financing of construction contractors as a complementary mode to fund various types of infrastructure spending.

Program Objectives

      • To provide credit assistance to contractors in the completion of contracts;
      • To provide credit assistance to contractors who intend to expand their capacities through capital investments.

Eligible Borrowers

Contractors duly licensed by the Philippine Contractors Accreditation Board (PCAB) under the following:

      1. Classification:
        • General Engineering Contracting
        • General Building Contracting
        • Specialty Contracting
        • Trade
      2. License Categories:
        AAAA, AAA, AA, A, B, C, D, Trade

Eligible Projects

    • Social Infrastructure
      1. Residential Buildings from single-family dwellings to high-rise buildings
      2. Non-Residential Buildings
    • Transport Infrastructure
    • Water Supply, Wastewater, Sanitation and Other Utility Infrastructure
    • Communications Infrastructure
    • Waste Infrastructure
    • Power and Energy Infrastructure

Eligible Loan Purpose

  • Short-term Loan Facility/Credit Lines
    1. To finance contractor’s Purchase Orders (POs) and Contract Receivables
    2. To finance clearing of checks through Domestic Bills Purchase Line
    3. To finance liquidity and working capital requirements
    4. To finance letter of credit/trust receipt and standby letter of credit
  • Long-term Loan Facility
    1. To finance capital expenditures e.g. acquisition of construction equipment/machineries
    2. To finance multi-year contracts
    3. To finance permanent working capital e.g. contactor’s business expansion projects, renovation of business premises, etc.

Loan Amount

      1. For Awarded Contracts:
        • 70% of the validated Awarded Contract/PO amount
      2. For Business Expansion Purposes:
        • 60% of the appraised value of the collateral

Interest Rate

      • Based on prevailing rates of DBP

Mode of Release

    • For Financing Awarded Contracts
      The approved loan to finance the awarded contract/PO shall be on a staggered manner based on the progress accomplishment of the financed contract/PO.
      One-time release of up to 70% of the contract/PO amount shall be subject to final credit assessment of DBP.
    • For Financing Business Expansion
      Releases shall be done in tranches, based on the percentage of project completion as validated by the authorized DBP representative.


      1. For Credit Line
        • One time service fee upon approval
        • Micro and Small Enterprises – P5,000.00 or 0.1% of the approved loan amount whichever is higher
        • Medium and Large Enterprise – 0.5% of the approved loan
      2. For Term Loan
        • Front-end fee of 0.5% based on approved amount of loan regardless of asset size

Download Brochure

For more program information, please contact:

Program Development and Management I Department
Tel. Nos.: (02) 8818-9511 local 2379

For loan application, you may contact the lending units near you:

Metro Manila Lending Groups
Corporate Banking Group

Ma. Lourdes B. Gumba
Corporate Banking Group
Tel. Nos.: (02) 8812-6536
E-mail: ;

Lea Vanessa C. Delos Reyes
Corporate Banking I Department
Tel. Nos.: (02) 8893-8940

Raquel C. Atienza
Corporate Banking II Department
Tel. Nos.: (02) 8892-8369

Suzanne S. Aquino
Financial Institutions Department
Tel. Nos.: (02) 8818-9511 loc. 3317

Gerard Boz C. Tungol
Public Sector Department
Tel. Nos.: (02) 8815-0908

Jeanne D. Adamos
SME Retail and Mid-Market Lending Group
Tel. Nos.: (02) 8893-1177

Arturo S. Pedregosa
Middle Market I Department
Tel. Nos.: (02) 8818-9511 loc. 3322

Rowena C. Comprado-Aquino
Middle Market II Department
Tel. Nos.: (02) 8818-9511 loc. 3313

Myra G. Almogino-Calara
SME (NCR) Department
Tel. Nos.: (02) 8812-9932

Provincial Lending Groups

Kindly proceed to this link.