Financing

Business Boost

Finance Facts

This loan product supports persons or companies who have been in business for one year or less.

Loan Range

$1000 -

$25000

Interest Rate

6% per annum

Repayment Terms

1 - 5 years

Interest Only Payments

1 - 6 months

Loan Calculator

Loan Repayment

Monthly Payment

133.86

Loan Amount

10000.00

Interest Payable

2850.56

Total Payment + Interest

12850.56

Loan Duration

8 years

Lending Criteria

Applicants must be legal permanent residents of Barbados

Applicants must have a commercially viable business or idea

Applicants must possess the knowledge or skills to properly execute the operation of the business

Applicants must be willing to supply FundAccess with information relative to the business for the duration of the loan period

Applicants should make a tangible investment in the business either in cash or kind

Applicants must be willing to accept training prior to the approval of the loan

Security Options

Primary (Required)

Guarantors

Secondary

Salary Deductions

Bill of Sale

Life Insurance Policies

Bonds

Property

Fixed Deposits

Mutual Funds

*Guarantors are the primary and required form of security for loans provided. Secondary options are often available or required in conjunction with guarantors

Some security options may carry legal and/or processing fees. There is an administration fee of 3% of the loan amount.
For individual and joint loans, additional protection for your loan is made possible through creditor’s life insurance.

If you have any questions, give us a call at (246) 228-1366 or email us at info@fundaccess.org