MSME Growth Guarantee

The MSME Growth Guarantee can be used for:  Working Capital, Inventory Purchases, Expansion, Overdraft.

• Loan maximum:  $50,000
• Maximum Guarantee Percentage: 80%
• Maximum Guarantee Value: $40,000
• Equity required:  0%
• Collateral required: 0%
• Term of guarantee: Term of the Loan
• Offer period: No Limit
• Age of Business: Over 12 months
• Special Condition 1: Development of a sinking fund is allowed.

Here is what you will need: 

1. Your Business Registration Documents.
2. Business Plan
3. Financial Statements, Cash Flow Projections or some form of financial record.
4. National Insurance Company & Inland Revenue Department Clearances. 
5. Supporting Documentation which include but are not limited to:
   • Your Identification
   • Invoices
   • Bank Statements

Frequently Asked Questions

What is the purpose of the Partial Credit Guarantee Scheme?

ECPCGC provides partial credit guarantees to lenders so that MSMEs who do not have sufficient collateral but have a good project and the ability to repay, could now qualify.

Can someone have a guarantor?

Guarantors are acceptable.  They must provide a Statement of Affairs during the application process.

Are guarantees granted to start ups?

Startups are now accomodated under the new Start Up Fund programme.  A minimum period of three (3) months in operation is required in this instance.

Is there a penalty for early repayment of a loan?

There is no penalty for early repayment of a loan.

Need more information!

For more information schedule an appointment with one of our SME loans officers listed below. 

Email sme@bankofsaintlucia.com or Sign Up Now.

Or call:

Bridge Street Branch - 456-6116 / 457-7130

Gros Islet Branch - 456-6027 / 456-6033

Soufriere - 456-6609

Vieux Fort - 456-6416