TikTok Shop has partnered with GoTyme Bank to launch TikTok Shop Loans powered by GoTyme Bank, a new financing solution designed to give micro, small, and medium enterprises (MSMEs) quick and flexible access to business capital.
Through this collaboration, pre-qualified TikTok Shop sellers can receive personalized loan offers within minutes, with disbursement completed in just one business day.
“TikTok Shop’s mission is to empower Filipino MSMEs through social commerce. With this new loan program, we’re strengthening that commitment by helping sellers scale faster,” said TikTok Shop Philippines marketing lead Franco Aligaen.
Loan amounts are based on sellers’ transaction history, allowing for a seamless, data-driven approval process. Sellers can choose their preferred loan amount and repayment terms, and repay through bank transfer or QRPh in manageable installments.
Access to timely financing remains a key challenge for many Filipino MSMEs. By leveraging real-time sales data, TikTok Shop Loans offers a tailored solution that enables sellers to reinvest in inventory, operations, and growth, without the delays and rigid requirements of traditional loans.
“MSMEs are the backbone of the Philippine economy. Our partnership with TikTok Shop helps deliver fast, relevant financing to entrepreneurs based on their actual business performance,” said GoTyme Bank co-CEO Albert Tinio.
GoTyme Bank CEO Nate Clarke noted that the partnership is a step toward a more inclusive financial ecosystem.
“By using real-time sales data to power loan offers, we’re giving sellers access to capital exactly when they need it,” he added.
