Term Loan:

Term Loan:

Whether you are looking to finance capital expenditures or expand your business into a profitable new area, a Banco di Caribe Term Loan is your answer. Each Term Loan we service is designed specifically to meet your needs and is typically structured to be repaid in three (3) to five (5) years.

Term Loan features:

Term Loan features:

  • Provides a one-time lump sum with fixed monthly repayments
  • Can be used to purchase inventory, materials, vehicles (new/used) or (heavy) equipment
  • Secured by the floating asset you’re financing
  • Competitive rates of interest
  • Borrow up to 70% of the purchase price.
Term Loan requirements:

Term Loan requirements:

  • Company financials of the two (2) most recent years
  • Copy of invoices validating purchase price
  • Company Bank statements (if not a BdC client)
  • List of company machinery & equipment, inventory & stock signed and dated
  • Aging list of company Account Receivables signed and dated
  • Personal guarantees by company owner(s); BdC net worth statement must be completed and submitted.

Frequently Asked Questions about Corporate Credits

Below you will find two lists. One containing the features of a business/term loan and the other list contains the required documents in order to apply for one.

Business/Term loan features:

  • Provides a one-time lump sum with fixed monthly repayments
  • Can be used to purchase inventory, materials, vehicles (new/used) or (heavy) equipment
  • Secured by the floating asset you’re financing
  • Competitive interest rates
  • Borrow up to 70% of the purchase price

Business/Term loan requirements:

  • Company financials of the last two years
  • Copy of invoices to validate the purchase price
  • Company bank statements if not a BdC client
  • Personal guarantees by company owner(s), along with BdC net worth statement(s)
  • List of company equipment, inventory and stock, signed and dated
  • List of company account receivables, signed and dated.

Applying for a business loan at Banco di Caribe is easy. Our account managers are ready to guide you through the application process with personal advice.

You can contact us for an appointment at (5999) 432 3200.

Start your application now.

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