Optimum Bizz Small & Medium Enterprise
- Applicant MUST be a small (10 persons) to medium (50 persons) enterprise.
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SMEs should at a minimum be registered as sole traders. If not, there should be evidence that you have begun the process to formalize the business within a two (2) month period after application of the loan.
- New enterprises MUST submit a feasible business plan for three (3)years. (This must be professionally done.)
- There are clearly established market(s) for the goods and services to be generated by the enterprise
- The entrepreneur has prior experience in the business he/she wishes to pursue; and/or
- There is evidence that the entrepreneur has received some level of business management training from a tertiary institution or an acceptable business development service provider.
- Existing enterprises must have an established performance history
- All directors must provide individual TRNs
- National Insurance Scheme (NIS) number for director(s)
- Registration documents for the enterprise inclusive of Tax Registration Number (TRN)
- Loans exceeding J$2M must have a current Tax Compliance Certificate (TCC)
- Two (2) recent passport size photographs
- Three letters of reference (from Justice of the Peace, Suppliers, Inspector of Police, Notary Public person etc)
- Copies of utility bills for last six (6) months (Business & Home)
- Financial Statements (Balance Sheet, Cash Flow, Income & Expense Report and Trading, Profit & Loss) - Year to Date - Prior year
- Bank Statements
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Proof of Security:
- Land - Mortgage on Real Estate (First Mortgage)
- Cash Value of Life Insurance Policies
- Equipment and Machinery
- Deposit Account in other Organizations
- Motor Vehicle
