SMALL & MEDIUM SIZED BUSINESSES
- EGFL provides financing to start-up and expand businesses.
- Types of funding provided:
- Venture Capital ranging from $100,000 to $1.5 Million
- Loan financing ranging from $100,000 to $1.5 Million
- To qualify, a company must be considered a small or medium-sized business, satisfying at least two of the following criteria:
- The market value of the company's fixed assets must be greater than $25,000 but less than $1.0 million.
- The number of employees must be greater than five but must not exceed two hundred persons.
- The company must generate annual sales of between $100,000 and $7.5 million.
- Other services provided:
- Technical assistance up to $70,000 per investee company; and
- Business advisory services to help our clients turn their profit potential into solid business gains.
- Security is required, usually in the form of a legal charge over assets acquired with the proceeds of the loan and any other collateral that might be deemed necessary.
Guidelines for the Preparation of a Business Proposal
Guidelines for Loans & Equity Investments
Applicants who are interested in obtaining funding under $100,000 may apply to the following Agency:
The Barbados Agency for Micro Enterprise Development Limited (FundAccess)
Pinfold Street
Bridgetown
Tel: (246) 228-1366
NEW SMART FUND ESTABLISHED
Funding available for renewable energy and energy efficiency projects in Barbados!
EGFL is now ready to receive applications for the Pilot Consumer Finance Facility.
