Business Enhancemet Loans (BELs)
- Purpose:
- Supports business expansion and investment projects.
- Loan Amount:
- Eligibility:
- Sole proprietors, partnerships, corporations, and not-for-profit organizations.
- Terms:
- Flexible repayment terms up to ten years.
- Starting interest rate: Prime + 2%.
- Early repayment: No penalty.
- Administration fee: 0.05%
Investment Loans
- Purpose:
- Assists businesses in growth and development.
- Loan Amount:
- Eligibility:
- Sole proprietors, partnerships, corporations, and not-for-profit organizations.
- Must have been operating for at least six months.
- Terms:
- Flexible repayment terms up to five years.
- Starting interest rate: Prime + 2%.
- 12-month interest-deferred period.
- Fixed interest rate (after deferred period): at least Prime + 2% per annum, compounded monthly.
- Early repayment: No penalty.
- Administration fees: Waived.
Access to Capital Loans
- Purpose:
- Supports major business growth initiatives.
- Loan Amount:
- Eligibility:
- Sole proprietors, partnerships, corporations, and not-for-profit organizations.
- Terms:
- Flexible repayment terms up to ten years.
- Interest rate: Prime + 2%.
- Early repayment: No penalty.
- Administration fee: 0.05%
