The Bahamas Development Bank’s (BDB) Microloan program is specifically designed to support rapid access to finance to accelerate the growth and development of small businesses and entrepreneurs across The Bahamas. Recognizing the unique challenges and opportunities faced by small enterprises, this program offers a tailored financial solution that enable these businesses to thrive.
Who is this program’s ideal client?
This program is best suited for established MSMEs looking to invest in equipment , tools, supplies or a physical location to assist with product or service expansion and overall business growth. Start ups will be accepted on a case by case basis
What makes this program different?
- The program is designed to encourage businesses that need relatively small funding to grow their businesses to take the first step into commercial debt with the goal of ultimately upscaling in the future.
- The business plan requirement is replaced with a streamlined application.Â
- The adjudication process has been shortened for rapid decision making.
For more details or assistance, contact our support team at info@bdb.gov.bs. We’re here to help!
