Portmore - General Information

Loan Limit - Up to $500,000 for micro businesses. Loans in excess of $100,000 per individual will require a cosignor. A codsignor is also required for first time borrowers.

Loan terms - This will depend on assessment of the business' cash flow but generally will not exceed two years. Moratoriums on principal of up to six months are offered.

Repayments - Loans can be structured for weekly or monthly payments. Lump sum payments are acceptable.

Interest rate on loans - 23% on the reducing balance; no penalties for early repayment.

Processing Time - One to two weeks on average

Collateral Requirement - Our collateral requirements are flexible and "creative" Household furniture/appliance, machinery and equipment of trade, motor vehicles, registered titles and cash hypothecations. Guarantors offering any of the above are accepted.

Projects Financed - Any kind of business venture in the area of Agriculture, Manufacturing, or Services; once the venture displays viability.