Individual Business loans
Individual business loans are specially designed for self-employed individuals. Loans are used for working capital support. Loan amounts range from J$30,000 to J$500,000.
Things you should know
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Individual business loans are available to micro business operators who have been operating a business for at least six (6) months.
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Loan amounts range from J$30,000 to J$500,000.
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Loan tenure range from three (3) months to four (4) years
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Loans must be secured.
Requirements
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Valid ID (National ID, Passport or Driver’s Licence)
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TRN
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Passport size photograph which can be be taken at the branch.
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Proof of Address (Utility Bill or Registered Mail not exceeding 3 months) in applicant’s name. A site visit is required in lieu of the Utility Bill or Registered Mail.
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Proof of business ownership.
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New applicants must present one Reference Letter
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Completed business loan application form
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Credit check is done for loan amounts J$100,000.00 and over.