
FAQs
Frequently Asked Questions
What makes my business eligible for a loan?
Loans are available for existing and start-up businesses with at least 60% Bahamian Ownership.
What is the Max Lending Amount?
Micro loans have a maximum of $15,000. General and Green Lending loans are based on Sector and Project Specifications, which can be discussed with our team when you apply.
What is the average interest rate?
Our interest rate ranges from 6.75% to 12%.
What is the Loan repayment term?
The loan repayment terms can be up to 20 years, and will be based on your business and sector specifications.
What are the equity requirements?
Our equity requirements are 10% cash or equity in any kind.
Can I pay the loan off early?
Yes, there are no penalties for early repayments.
Can Life Insurance be used as a form of Collateral?
No, Life Insurance is only to ensure that your debts will be looked after in the event of your untimely death.

Don’t see an answer to your question here? Email us or call us – Nassau: (242) 702-5700 or Freeport: (242) 352-9025