The Corporation shall require a Promissory Note in the amount of the loan security for loans and any combination of the following:

1. loan agreement;
2. first charge or mortgage on fixed assets especially land and building in Belize adequately insured;
3. floating charge on all assets;
4. Bill of Sale over goods, machinery, and chattels accompanied by adequate insurance;
5. financial assets as bonds, shares, and bank saving deposits;
6. an insurance policy on the life of the Borrower with the estate of the insured borrower named as beneficiary;
7. secured third party guarantee including government guarantee;
8. first lien on agricultural products or other lien claims provided in the law; and
9. such other security as the Corporation may deem fit.

All Collateral must be realizable in Belize.

The Corporation shall require real estate collateral for all loans in excess of $15,000, unless the loan is otherwise adequately secured with liquid assets acceptable to the Board of Directors.

The value of the collateral to the amount of loan shall at no time be less than One hundred and thirty-three percent (133%) upon the completion of the intended project. Collateral valuations shall be conducted by competent personnel including the corporation’s credit staff, and Certified Property Appraisers in Belize as required by the Board of Directors.