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DBT offers Business loans available for projects associated with income generating activities and the development of businesses in the following Sectors:
Fishing & Other Marine resources
Fishing- e.g., acquisition of motorized fishing vessels, fishing gears and equipment (safety equipment)
Other Marine Resources- e.g., harvesting/processing of bechedemer
Aqua Farming- e.g., seaweed, giant clams and black pearl
Purpose
Loans are available for the purchase of project costs and for working capital where such is required for existing and new income generating projects.
Interest rate
9.5%
Term
the maximum term is normally 2 years,but can be extended to 5 years for projects involving the acquisition of new vessels and outboard motors for full time commercial fishermen.
Grace period
The project will be allowed a grace period of 1 months for new business and no graceperiod for existing business.
Agriculture & Livestock
Agricultures e.g., vegetables and production of other crops
Livestock e.g., poultry meat & egg production and pig farming
Horticulture e.g., tree crop, papaya, nonu & other fruit production
Agro-forestry – e.g., inter cropping of timber with cash crops
Purpose
Loans for agricultural machinery, plant & equipment including vehicles where the major activity is agricultural contracting (professional services) or agro-processing should be considered.
Interest rate
9.5%
Term
The maximum term shall be up to 5 yrs. and 8 years for loans where the major purpose of the loan is for the acquisition of capital items and long term agro-forestry projects, and up to 3 years for loans where the major portion of the loan is for working capital.
Grace period
The project will be allowed a grace period of 6 months depending on the nature of the new business and no grace period for existing business.
Manufacturing & Construction
Manufacturing & Construction eg. Engineering, joinery, boat construction, agro/fish and processing of all kinds of products
Purpose
Loans mainly for the purchase of fixed assets and equipment but working capital requirements can also be considered if required for the operation of an income generating project.
Interest rate
9.5%
Term
The maximum term shall be up to 5 yrs.
Grace period
The project will be allowed a grace period of 3 month for new business and no grace period for existing business.
Commerce
Commerce– e.g. retail & wholesale trading in all kinds of products
Services e.g. shipping/customs/import-export, agents, professional & trades.
Purpose
Loans mainly for the purchase of fixed assets and equipment but working capital requirements can also be considered if required for the operation of an income generating project.
Interest rate
9.5%
Term
The maximum term is 5 yrs.
Grace period
The project will be allowed a grace period of 1 month for new business and no grace period for existing business.
Transportation
Transport services e.g. bus/trucking services, shipping, car/boat/cycle hire
Purpose
Loans are available for the purchase of fixed assets and for working capital where such is required for existing and new income generating projects.
Interest rate
9.5%
Term
The maximum term is 5 yrs.
Grace period
The project will be allowed a grace period of 3 months for new business and no grace period for existing business.
Tourism
Tourist e.g. hotels/motels/guest houses, travel agents, tour operators
Purpose
Loans are available for the purchase of fixed assets and for working capital where such is required for existing and new income generating projects.
Interest rate
9.5%
Term
The maximum term is 5 yrs.
Grace period
The project will be allowed a grace period of up to 1 year for new business and no grace period for existing business.
Rental Property
Purpose
Loans are available for the purchase of fixed assets and for working capital where such is required for existing and new income generating projects.
Interest rate
9.5%
Term
The maximum term is 5 yrs.
Grace period
The project will be allowed a grace period of up to 6 months depending on the nature of the new business and no grace period for existing business.
Groups & Communities for Projects with Economic and Social Objectives
Purpose
Commercial and business nature the policies for that particular sector must be applied. Loans are available for financing the constructions of maneapa, churches, schools, sports facilities, even capital to finance an island community trip to another island (malaga) and any infrastructure development which will have an impact on the social needs of the community. For a group or community project which is of commercial and business nature the policies for that particular sector must be applied.
Interest rate
9.5%
Term
The maximum term is 5 yrs.
Grace period
The project will be allowed a grace period of up to 6 months depending on the nature of the new project.
