Small Business Loans (SBL): Available and Readily Accessible!
Get from $300 to $10,000 to finance your Business Needs
Small business loans are available for persons who have been in business for at least six (6) months and need working capital to strengthen and grow their business. These loans are structured and have set repayment terms to meet the growing needs and pace of small developing businesses. When loans are paid in a timely manner, borrowers automatically qualify for subsequent larger amounts.
Benefits of Small Business Loans:
Business entrepreneurs will have the opportunity to:
- Grow their business with the assistance of our established and renown financial institution
- Develop excellent savings habits that will be beneficial in all aspects of their lives
- Access SBL at a competitive rate with flexible securities
- Improve their livelihoods as well as that of their family members
- Be or become a member of LICU
- Have 15% of the applied loan amount in blocked shares
- Demonstrate good character and willingness to repay
- Have an income generating activity and demonstrate capacity to repay
- Save an additional amount of 10% of the loan amount to meet requirements for the loan
- Meet flexible Terms and Conditions
Who can get a Small Business Loan?
- Small Retail Shops
- Fruit and Vegetable Vendors
- Poultry Vendors
- Small Carpenters
- Barber Shops
- Small Contractors
- Tour Guides
- And any other income generating business