FUNDING FOR THE HOTELS AND ATTRACTIONS SECTORS
- The Tourism Loan Fund provides loans for the refurbishing and upgrading of eligible hotels and attractions and/or for the construction of facilities to be used for the purpose of carrying on business in the areas of historical cultural and natural heritage attractions.
- The Tourism Loan Fund provides financing to those entities with seventy-five rooms or less, operating in the accommodation sub-sector and to those operating in or desirous of entering the attractions sub-sector.
- The maximum loan size is the higher of $4.5 million or 15% of the total capitalization of the Fund. The minimum loan size is $50,000.
- Security on loans will generally take the form of a first legal mortgage but the Fund is prepared to take second mortgages in instances where 80% of the market realisation value of the underlying security is adequate to liquidate all prior charges and the Fund's exposure.
LOAN APPLICATION PROCEDURES
See Guidelines & Loan Application Procedures for the Tourism Loan Fund
INVESTMENT CRITERIA
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.
