Personal Commercial
Everyday Banking | Borrow | Invest
 
Commercial Banking
Guaranteed Loans  
 

TOTAL FACILITIES

Up to $250,000
PURPOSE OF LOAN

a. Start Up, Working Capital & Expansion
b. Machinery, Equipment & Other Fixed Assets

LOAN LIMITS

a. Maximum 75% of Fixed Assets

b. Working Capital
• Overdraft or Term Loan: 5% - 8% of estimated annual sales
• Revolving Loan - up to 75% of working assets

TERM
Maximum 7 years for Fixed Assets.
Overdraft - on demand with annual review.
Revolving Loans - 3 to 6 months repayment.
Term Loan - up to 5 years repayment.
INTEREST RATE
Base Customer Rate.
Rates for Term Loans are fixed for 5 years with a review
Rates for Overdrafts/Revolving Loans are reviewed annually
MORATORIA
On capital repayments of up to 1 year
REPAYMENT PROVISIONS
Depending on circumstances:-
a. Fixed monthly instalments on either amortised or instalment basis
b. Interest only with provisions for periodic lump sum payments
FEES/CHARGES
50% Discount on all fees in the first year of lending, a fixed monthly administration fee for the next 2 years, review at end of the 3rd year and annually thereafter. 
INSURANCE PROTECTION
Insurance acceptable to the Bank
SECURITY
BDC Guarantee
In accordance with the level of facilities requested
FINANCIAL DATA

Business Plan
Cash Flow Forecast 
Periodic Management Accounts
Annual Accounts

 
© 2008 Republic Bank (Grenada) Limited. All rights reserved.