Funding for Manufacturers
- The Industrial Investment and Employment Fund (IIEF) provides local manufacturers with low-cost financing from BDS$50,000 to BDS$2 million on attractive terms with an interest rate of 5.5%.
- The IIEF provides financing to limited liability manufacturing companies with 51% of their share capital, owned by Barbadian residents. Such enterprises must demonstrate the potential to add significant value to the Barbadian economy by:
- Being a net earner/saver of foreign exchange; and/or
- Generating employment.
- Security is required, usually in the form of a legal charge over assets acquired with the proceeds of the loan and or any other collateral that might be deemed necessary.
Industrial, Investment and Employment Fund Investment Criteria