Security Bank unit pitches cold transport option for SMEs
From left (seated): Joseph Cecilio Sison, first vice president-Focus Segment Head; Zenaida Tan, president SB Rental; Joel Ryan Tugade, president-Coolaire; Patrick Joseph Tugade, vice president-Coolaire; Ma. Mia Caramat, SAVP-Combank SL2 Team Head. Standing: Marian Janine Acosta, Focus Segment specialist; Faye Lacson, sales officer-SB Rental; Giane Amber Raymundo, leasing product manager; Christopher Carolino, OIC Sales Head-SB Rental; Eljean Seludo, Combank SL2 relationship manager.
MANILA, Philippines — The leasing arm of Security Bank has allied with cold chain provider Coolaire Consolidated Inc. to offer refrigerated trucks to small and medium enterprises (SMEs) without heavy upfront investment.
SB Rental Corp. announced on Wednesday a partnership with Coolaire to provide what it described as “flexible leasing solutions designed to drive growth and efficiency” to SMEs.
Such cold chain is seen to help stabilize retail prices and supply by prolonging the shelf life of perishable goods like fruits and vegetables.
READ: Metamorphosis of the Philippine logistics and industrial property sub-sectors
‘Shared mission’
“This partnership is a reflection of our shared mission to uplift Filipino entrepreneurs. At SB Rental, we believe in providing relevant and responsive operating lease solutions. By working closely with Coolaire, we’re enabling SMEs to access reliable refrigerated trucks, while easing their financial burden through flexible terms,” said Zenaida Tan, president of SB Rental.
“Together, we are supporting their ability to grow, operate efficiently, and ultimately—preserve their business dreams,” she added.
READ: DA lines up P3-billion cold chain package
Keeping products fresh
Coolaire president Joel Tugade explained the impact of the collaboration: “At Coolaire, our mission has always been to preserve the dreams of Filipino entrepreneurs by ensuring the freshness of their products—from food to pharmaceuticals.”
“This partnership with SB Rental breaks financial barriers and accelerates access to essential refrigerated trucks. We believe innovation is not only in our products but also in how we serve, support and empower our customers to thrive,” he added.
‘More inclusive’
SB Rental and Coolaire aim to create a more “inclusive” ecosystem where business owners can access the right tools without being weighed down by financial constraints.
The partnership offers qualified clients a customized operating lease package including: low initial cash outlay, no documentary stamp tax or chattel mortgage fees, maximized value added tax input with lease payments, customized end-of-term options and fixed monthly rent for the entire term of the lease./dda
