NEDCO Loan Funding

NEDCO’s Small Business Financing service is geared towards supporting micro, small and medium size enterprises in achieving their business’ goals. Our loan process assists clients to be financially capable and competitive, whilst ensuring their business operations are compliant with the requirements specific to their sector. We provide financial services for a wide range of businesses with the exception of primary agriculture, gambling and the purchase of alcohol. Over the last twenty (20) years we have assisted thousands of entrepreneurs to establish, build and expand their businesses and we look forward to helping you do the same. First-time borrowers can access up to TT$250,000 while repeat borrowers can access funding up to TT$500,000. NEDCO’s interest rate is fixed at 8 % (simple interest). The maximum repayment periods are 5 years for general loans; 3 years for tock loans and 6 years for Maxi Taxi Loans. Loans can ONLY be granted to registered businesses to purchase stock, equipment, motor vehicles or conduct repairs/renovation towards a business venture. NEDCO will not consolidate debt from other financial institutions, statutory bodies or individuals. Collateral is required and may be accepted in the form of business equipment, vehicles, or cash collateral. Businesses can receive up to three (3) months grace period. Loan funds will be directed to the account of the supplier(s) of the goods / services based on the quotations and invoices you supply. However, exceptions are made for regional / international purchases. Your Business Relationship Officer will discuss options for the moratorium disbursement of funds.

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