Commercial Loans and Overdrafts

  • Target Group – Companies and Self-Employed Persons
  • Range – Loans and Overdrafts above GYD$25M but below GYD$70M

The Commercial Loan can be accessed for:

  • Working capital financing
  • Purchase of fixed assets such as land
  • Purchase of current assets such as stock, machinery, equipment, vehicles etc.

Repayable by monthly or *periodic installments of principal and interest on the reducing balance.
*dependent on the type of industry

The Overdraft can be accessed for working capital requirements. Subject to an annual review.

  • Rates are dependent on the industry type and collateral offered.
  • Application Fee:
    • Up to GYD$5M – GYD$4,500
    • Over GYD$5M – GYD$7,500
What you will need

Below is a list of documents you may need to have at the time of application depending on your business and circumstances:

One form of Valid Identification
Recent Utility Bill
Proof of Address
TIN Certificate
Statement of Income
Business Registration or Incorporation for the company
Statement of Affairs
Copies of Contracts, Purchase/Sales Receipts
Cash flow projections for the next 12 months
Financials for at least 3 years if the business is in existence for 3 or more years
Copies of Documents for Assets e.g. Title/Transport/Vehicle Registration/Lease/Valuation for Property or motor vehicle
Updated Rates and Taxes/GWI receipts
Statement/letter of Indebtedness for any loans at another institution
Estimate/Quotation/Price List/Agreement of Sale/Letter of Intent

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