You may have the idea or concept for your own startup or small business operation, but lack the financial drive to get it started, come on in and we can give you that start!
At SVGTCCU we offer loans that cater to businesses - whether large or small in nature.
BUSINESS LOAN REQUIREMENTS:
- Present a business plan
- Have at least 20% of the sum of the amount requested in Shares (30% for vehicles).
- Provide adequate security
- Certificate of registration for business.
- Proof of income – job letter and/or most recent salary slip.
- Proof of address – utility bill.
- Valuation report done by one of our accepted valuators.
- A certified survey plan.
- The title deed for the property to be mortgaged.
- Insurance policy on house.
- Applicant(s) must be a member of SVGTCCU
- Applicant(s) must have at least 10% of the sum of the loan being requested in their Share deposit account.
- Proof of address - utility bill
- Two(2) recent references.
- Applicant(s) must have a good credit record.
NB: The Maximum repayment period for a Micro loan is one(1) year.
Call (784)457-2947 or visit our nearest branch today for more details.