Here's How Your Caribbean Or Latin American Lending Company Can Get More Capital To Expand
If you are a medium to large micro-lender, credit union, or small bank in the Caribbean or Latin America who lends to small or micro-businesses, there is now an effective way to expand your lending footprint with a significant capital infusion. This opportunity can provide the necessary funds to help your institution grow and reach more SME clients in need of financial services.
Eligible companies can qualify for up to USD 15 million in loans designed to boost lending activities. To be eligible, your company must have a minimum total asset value of USD 20 million and a minimum total equity of USD 10 million. The loan terms range from 7 to 10 years, providing a substantial period to leverage the capital effectively. Additionally, the structure allows for the possibility of taking out another loan after the initial term, offering continued growth opportunities.
To qualify for this capital infusion, there are several key requirements:
Updated Business Plan: Your business plan must include a detailed use of funds, ownership structure, and information about the owners. This ensures that the funds will be used efficiently and aligns with the strategic goals of your institution.
Social Impact Statement: A social impact statement is required to demonstrate how your lending activities contribute positively to the community. This highlights your commitment to social responsibility and the broader benefits of your services.
Financial Documentation: You need to provide three years of financial statements and any available ratings. This documentation is crucial for assessing the financial health and stability of your institution.
If you believe that your company pre-qualifies and you are interested in taking advantage of this opportunity, connect with Invest Caribbean today. This could be the step your institution needs to enhance its lending capabilities, support more clients, and drive significant growth in the Caribbean and Latin American markets.