Terms of the Guarantee
The maximum guarantee percentage is 75% - 85% of the loan amount, depending on the product.
The guarantee period depends on the product: the term of the loan (Classic and MSME Growth), 5 years (Working Capital) or 10 years (Start-Up and TaiwanICDF Women’s).
The currency of qualifying loans, fee payment and guarantee payment for all debts placed under the guarantee coverage shall be in Eastern Caribbean Dollars. (XCD)
The minimum equity injection: 0% - 25%, depending on the product.
The minimum collateral required: 0% - 25%, depending on the product. Several products allow collateral to be built up through a sinking fund.
Guarantee fee: 1.5% per annum on the guaranteed amount, calculated on a reducing balance basis. For overdrafts, the fee is 1.5% per annum on the full guaranteed amount and does not reduce.
No maximum interest rate prescribed by the ECPCGC. The Participating Lender prices the facility according to the perceived risk. However, rates that are too high will be flagged.