GRANTS

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Who qualifies:

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  • Persons who would not qualify for loans because of perceived risks, no credit history – “Start-up” ventures
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  • Persons seeking financning to support starting a business
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How much is the grant?

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\r\n Any amount up to G$300,000\r\n

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How do you qualify?

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  • All applicants must be registered with the SBB
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  • You are required to submit a sound business plan in the SBB template
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  • Submit quotations and/or estimates from recognised suppliers, to support details of how you intend to spend the grant funds
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What happens after you submit a completed business plan?

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  • Site verification visits
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  • SBB prepare an report with recommendations which is submitted to the grant committee for consideration
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The Grant Committee is made up of designated officers of the following institutions:

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  1. Bank fo Guyana
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  3. Ministry of Finance
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  5. Ministry of Busness
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  7. Project Management Office of the Office of the Presidency
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  9. Small Business Bureau – Secretary to the Grant Committee
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LOANS

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\r\n SBB facilitates small business loans through Republic Bank Ltd. and Guyana Bank for Trade and Industry.\r\n Loans can be accessed at interest rates of 6% with collateral support\r\n

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How much can be borrowed through the SBB?

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\r\n Loans range from G$100,000 to G$30million.\r\n

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How do I qualify?

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  1. Submit a winning business plan
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  3. Submit general documents required – Identification, business registration, license/permit relevant to the business type, proof of address, financial records, quotations, estimates, oher documents as required to support request.
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  5. Good credit record/score
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  7. Be able to meet the collateral requirements (60% collateral required for loans accessed through the MSED Programme)
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