NEDCO’s Small Business Financing service caters to micro, small, and medium enterprises, empowering them to achieve their business objectives. Their streamlined loan process fosters financial resilience and competitiveness while ensuring compliance with sector-specific requirements. They offer financial solutions across diverse sectors, excluding primary agriculture, gambling, and alcohol purchases. Choose between Loan Application or Loan Discussion options to initiate your journey toward fulfilling your business’s financial requirements and joining the NEDCO family. With nineteen years of experience, they’ve supported countless entrepreneurs in establishing, growing, and diversifying their ventures, and they’re eager to assist you in doing the same.
They also provide financial services for a wide range of businesses with the exception of primary agriculture, gambling and the purchase of alcohol. Select either the Loan Application or Loan Discussion buttons on their website to start the process of meeting your business’ financial needs and becoming a NEDCO client. Over the last nineteen (19) years they have assisted thousands of entrepreneurs to establish, build and expand their businesses and we look forward to helping you do the same.
Discuss your loan options:
Not all entrepreneurial loans are the same. Knowing what kind of loan is most appropriate for your business ensures that you get the most from your loan and save valuable time. After all…time is money! Their Business Relationship Officers are eager and ready to help you, so book an appointment to discuss your loan options and let us be your guide to achieving your entrepreneurial dreams!
Not sure if this is right for you? Check out their FAQ :
Success of your business depends primarily on your access to financial support. At NEDCO, our Business Relationship Officers will discuss the viability of your business to determine the most suitable financing options for your business needs.
NEDCO offers financial support to most types of businesses except:
- Primary agriculture: Crop cultivation, animal husbandry and fishing
- Real estate development: Construction/Renovation of private/commercial dwellings for rental/resale
- Gambling and related activities: Casino, Member’s club
- Alcohol Retail: Bars
NEDCO offers loans UP TO $250,000 for first time borrowers and UP TO $500,000 for repeat borrowers.
* All loans are subject to normal lending criteria.
Our interest rate on all loans is 8%.
The maximum repayment period is:
- General Loans – 5 years
- Stock Loans – 3 years
- Maxi Taxi Loans – 6 years
Yes. Businesses can receive up to three (3) months grace period. Your Business Relationship Officer will discuss with you during the application process.
NO. Loans can ONLY be granted to registered businesses to purchase stock, equipment, motor vehicles or conduct repairs/renovation towards a business venture. NEDCO will not consolidate debt from other financial institutions, statutory bodies or individuals.
Loans and fees can be repaid via:
- Cheques and debit cards ONLY at NEDCO offices
- Online bank transfer
- Bank deposits at any First Citizens Bank
- Bill Express
- Our website
No, there are no penalty fees for early repayment of NEDCO loans.
As the National Agency responsible for Micro and Small Enterprise Development, NEDCO offers a full suite of entrepreneurial support services. When you borrow from NEDCO you gain access to Entrepreneurial Development Training and Mentorship services tailored to YOUR specific needs.
- Two forms of valid identification (ID card, Drivers Permit, or Passport)
- Two passport sized photographs
- Evidence of your home address (Recent WASA or T&TEC bill )
- Letter of permission from home owner to operate business from home address location (where applicable)
- Copy of lease/rental agreement of the business location
- Copy of approved contract service agreement (where applicable)
- Business registration certificate
- Board of Inland Revenue certificate
- Two (2) references (One family member, one friend)
- Collateral (Unit Trust shares, fixed deposits, CSV life insurance, appliances, equipment, vehicles)
- Recent Job letter & Payslip
- Bank/credit union statements (last 3 months)
- Invoices/quotations for items to be purchased (Ensure your preferred local vendor states ‘We accept GOVT cheques’
- Food badge (where applicable)