Loan Products
Need a commercial loan? The SPCCU offers many loan products. See the details below.
Commercial Loans
Mortgages:
SPCCU Terms and Conditions Apply
01.
Business Loans
Want to be an entrepreneur? Business loans are given at the SPPCU for working capital or starting capital of the business.
Information needed:
- Business Plan
- Business Incorporation/ Registration
- Proof of Business Address
- Certificate of Incumbency
- Identification of Shareholders, Directors and Signatories
- Proof of Address of Shareholders, Directors and Signatories
- Repayment period of up to 5 years
- 10% interest rate
Please note maximum loan amounts for the following business loan categories:
- Wholesale and retail - $150,000
- Commercial Vehicles - $200,000
- Equipment (New, Used) - $100,000-$135,000
- Agriculture – Inputs - $50,000
- Agriculture - Exports - $50,000
- Agriculture - Secondary - $100,00
- Construction - Working Capital - $50,000
- Manufacturing - $50,000
- Tourism - $50,000
- Professionals - $50,000
- Services (e.g Salons, Brokers) - $50,000
- Creative Industries - Music, ICT, Consulting - $50,000
- Other Business - $50,000
- Line of Credit - $100,000
02.
Agri-business Loans
Agriculture loans are given to those who wish to import goods, export goods, or buy equipment.
Information needed:
- A Job-letter and Recent Pay Slip
- Photo Identification
- Proof of Address
- Maximum amount: $100,000
- Repayment period up to 4 years
- 10% interest rate
03.
Small Business Development
Make your business grow! These loans are dispersed to help the expansion and grown of small businesses.
Information needed:
- A Job-letter and Recent Pay Slip
- Photo Identification
- Proof of Address
- Maximum amount: $50,000
- Repayment period of up to 5 years
- 10% interest rate
To learn more go to our Products & Services page: