Corporate Banking FAQ

You will need the following documents in order to open a business account:

In case of a sole proprietorship

  • Chamber of Commerce excerpt not older than 3 months
  • Valid company owner’s ID
  • Address verification document e.g. utility bill or drivers license


In case of a NV or BV

  • Chamber of Commerce excerpt not older than 3 months
  • Articles of incorporation
  • Shareholders register
  • Valid ID of all shareholders and signatories
  • Copy of the business license from the Ministry of Economic Affairs
  • Address verification document for all shareholders and signatories e.g. utility bill or driver’s license

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.

Please contact our Customer Support Department at T: 432 32 00 for more information

A Real Estate Mortgage lets you finance commercial properties for retail, industrial, office purposes or a combination of these, with a repayment term up to 15 years (up to 25 years for the acquisition of a personal residence by the business owner, with a maximum loan cancellation 60 years of age).

Below you will find a list of requirements in order to apply for a Real Estate Mortgage:

Real Estate Mortgage requirements:

  • Business must be established for at least two years
  • Company financials of the last two years
  • Copy of purchase contract and/or construction budget
  • Copy of a recent appraisal report less than one-year-old, prepared by one of the bank's preferred appraisers.
  • Company bank statements if not a BdC client
  • Personal guarantees by company owner(s), along with BdC net worth statement(s).

Below you will find 2 lists containing Real Estate Mortgage features for both residents and non-residents.

Real Estate Mortgage features for residents:

  • Can be used to construct, purchase, or refinance an owner-occupied business property, or expand or remodel existing facilities
  • Provides a one-time lump sum for real estate purchases
  • Competitive interest rates
  • Secured by the real estate property you are financing
  • Up to a maximum equal amount to the foreclosure value
  • For real estate construction, the mortgage loan is paid out according to a construction disbursement schedule


Real Estate Mortgage features for non-residents:

  • Can be used to construct, purchase, or refinance an owner-occupied business property, or expand or remodel existing facilities
  • Provides a one-time lump sum for real estate purchases
  • Competitive interest rates
  • Secured by the real estate property you are financing
  • Up to a maximum of 60% of the purchase price or market value, whichever is lower
  • For real estate construction, the mortgage loan is paid out according to a construction disbursement schedule

A cash-secured loan has cash as collateral instead of other assets. These loans are usually structured to be repaid within five years.

Below you will find two lists. One containing the features and the other the requirements needed in order to apply for a cash-secured loan.

Cash-secured loan features:

  • Used to purchase inventory, materials, vehicles, and equipment
  • Provides a one-time lump sum with fixed monthly repayments
  • Competitive interest rates
  • Lets you use a certificate of deposit or your savings to secure the loan


Cash-secured loan requirements:

  • Funds must be secured through a certificate of deposit or in a savings account
  • Company financials of the last two years
  • Company bank statements if not a BdC client
  • Personal guarantees by company owner(s), along with BdC net worth statement(s)