• Applicant MUST be a small (10 persons) to medium (50 persons) enterprise.
  • 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
  • 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