Need access to fast and flexible business capital? The solution is right at your fingertips — specifically on your TikTok app!
Introducing TikTok Shop Loans powered by GoTyme Bank, a financing solution designed to help micro, small, and medium enterprises (MSMEs) access secure and customized loan offers in just minutes, with disbursement completed within one business day!
Through this bold partnership, pre-qualified TikTok Shop sellers now have a tailored solution that allows them to unlock funding opportunities through their sales performance on the TikTok Shop, with loan amounts based on a seller’s transaction history. They can also choose their preferred loan amount and repayment terms and repay via bank transfer or QRPh in installments.
“TikTok Shop's mission is to empower Filipino MSMEs through social commerce, and with TikTok Shop Loans powered by GoTyme Bank, we're taking that commitment one step further," said Franco Aligaen, Marketing Lead of TikTok Shop Philippines. “We believe that fast and flexible financing enables sustainable growth and empowers MSMEs to thrive in the dynamic digital landscape.”
This initiative aims to support MSMEs as it addresses a critical gap in their access to capital, while also empowering them to reinvest ininventory, operations, and growth without having to go through the lengthy processes or strict requirements of traditional loans. With this program, entrepreneurs are now equipped with the tools to move faster, dream bigger, and grow smarter.
“We want to give sellers a quick and easy way to access funds while they focus on growing their business. By using real-time sales data to power pre-qualified offers, we’re helping entrepreneurs get access to the business capital they need, right when they need it. This partnership brings us closer to building a more inclusive financial ecosystem for every Filipino business owner,” added Nate Clarke, CEO of GoTyme Bank.
GoTyme Bank CEO, Albert Tinio, also added that MSMEs “deserve financial solutions that not only empower their business but are also thoughtfully designed around their needs,” further solidifying the purpose of their exciting new partnership with TikTok Shop.
For updates, follow GoTyme Bank on TikTok, Facebook, X (Formerly Twitter), and Instagram.
