Micro, Small, Medium, Enterprises
This loan product is designed to help you as an MSME gain access to financial services to manage risks, survive temporary cash flows constraints, and to grow thus creating jobs and increasing income.
MSME Loans
Purposes For This Loan
Working Capital
Business Expansion
Diversification
Modernization
Inventory
Supplies
Furniture
Fixtures - Energy Efficiency
Plant and Machinery
Equipment
Climate Resilient Technology
Requirements To Qualify
18 years to 55 years of age
At least two (2) years of membership and 1 year in Business
Have a good credit and savings history with LICU or other financial institutions
Estimate of loan Purpose
Copy of Trade License, if applicable, and/or any proof of the business (Letters from Associations, BLPA, MOA) with their required registration.
Registration of Business may be processed through LICU
Must provide Income and Expense Statement
Must have a minimum of 10 % of requested amount in shares
Must attend at least 2 sessions of capacity building provided by LICU
Provide marketable collateral to minimize exposure as per the risk rating sheet
Register and provide BCCAR Certification
Benefits Of This Loan
Free Loans Coverage up to $15,000
Reduced interest rates and service charges
Low cost for Property Appraisal and/or business inspections
Dividends and Rebates
Repayment Calculator
Note: This is an approximate estimation and is subject to change. You will know the actual monthly repayment amount when you meet with a Credit Advisor.
Start the loan process
Some Restrictions Apply