Business Loan

Necessary documents

• Business Plan
• Cash Flow statements
• Certificate of Registration
• Articles of Association
• Financial statements
• Any other document encompass the financial, legal and market aspect of the business

Maximum loan amount & repayment period

Repayment period is determined by the amount requested as per amortization.

• Up to $20,000.00 – 24 mths – 36 mths
• Up to $50,000.00 – 48 mths – 60 mths
• Up to $100,000.00 – 72 mths – 108 mths
• Up to $125,000.00 – 109 mths – 120 mths

Debt service ratio

45%

• Follow-up will be made by the Credit Union to ensure the viability of their business
• Recommendation can be given by the Credit Committee outlining terms and conditions