How to qualify for Guarantee Funding:
Bank of Saint Lucia partnership with the Guarantee Programme is open to businesses operating in Saint Lucia. The borrowing conditions are as follows:
- The business must be registered.
- Annual revenue must be no more than XCD 2M.
- Number of employees must be less than 50.
- The borrower must provide 10 - 25% equity in the project for which the loan is sought.
- The borrower must provide collateral of 20-25% to the participating lender.
- There is a fee of 1.5% payable on the amount guaranteed.