Renewable Energy and Energy Efficiency (RE/EE) loans for Homes, Businesses and Agriculture. 100% financing available at no more than 6% and interest is on the Reducing Balance! Investing in RE/EE now equals SAVINGS in just a few years and the investment pays for itself. Technical support offered – find out how much money you are currently wasting and could actually be saving!
Get Loans for:
- For Homes, Apartments, Bed & Breakfast, Hotels, Businesses, Agriculture, Manufacturing plus more
- Air Cooling / Refrigeration
- Solar Panels / Wind turbines
- Solar Water heating / drying
- Alternative Fuels
- LED Lighting
- Low Flow Technology
- Water Catchment & Recycling
- Cool roofing / Building Envelopes
- Interest rate up to 6%
- Up to 100% Financing
- Interest charged on the Reducing Balance
- Borrow up to $300,000
- Payback period up to 22 years
- Grace Period (not to exceed 1 year.)
- Debt Servicing via Savings generated by the RE/EE Technology.
- Belize Citizens, Residents, Legal Entities w/Belizean Majority Shareholding
- Photo ID
- Energy Audit (DFC can assist)
- Credit Worthiness
- Minimum 20% Equity Contribution
- Financially Viable Operations
- Purchasing and installation of equipment and auxiliary equipment and materials
- fees for energy audit, project development, engineering design and supervision
- Cost of works necessary for installing and operating equipment such as equipment foundations, gas pipelines; and
- Transportation costs, demolition costs, import taxes and duties and any value added tax associated with these costs.
- Rehabilitation of existing buildings aiming at increasing Energy Efficiency but not limited to lighting, air condition, hot water heating, building envelope (windows, roof insulation)
- Improvement or replacement of production equipment increasing energy efficiency including but not limited to chillers, refrigeration equipment, boilers, air compressors; and
- Renewable Energy and resource efficiency technologies such as photovoltaic (solar panels), solar water heaters and solar dryers
WHY YOU SHOULD CHOOSE DFC
Tailored Loan Repayment
DFC tailors your loan repayment to suit your business’s Cash flow. Pay less during low season and more during high season. Great for Hotels, Resorts, Bed & Breakfasts, Restaurants and other businesses in the Tourism Industry! Also for Agricultural based business where payments can be made at harvest time.
TRUE Reducing Balance Interest Rate
DFC offers you TRUE reducing balance Interest rate. What this means is that as you go repaying your loan and your balance owed is reducing, your interest paid also reduces because DFC charges interest on the balance owed.
It is referred to as ‘TRUE’ because we apply interest this way CONTINUOUSLY, over the entire life of your loan with us. Other institutions may say they also offer ‘Reducing Balance’ but it may not be ‘TRUE’ reducing balance because of HOW they apply the interest (eg; on a 12 month basis only) As such, it is not continuous and this means you pay more in interest.
DFC offers Grace periods (Pay only interest, no principal) for up to 5 years (dependent on project type) Eg. Your business would receive grace period while its under development or for a period after opening to become established first. Agricultural based businesses could receive grace periods until their crop is harvested.
REVOLVING CREDIT LINE
Your Service or Agricultural based business could get a Revolving Credit Line Loan where you are approved a credit line and can draw down from that loan to cover operating costs for your business. As you repay your loan, you can automatically draw down again. (Similar to an Overdraft account)
We CARE and HELP YOU in hard times
We know that business in the Tourism and Agricultural sectors as highly sensitive to external factors. If ever you fall on hard times and find it difficult to service your loan, as long as you communicate with us immediately, we work along with you. Eg. Postpone Principal payments or even lend you more to become operational again. DFC is not in the business of closing down businesses. We work as best as possible to keep this from happening because as a Development Bank, DFC’s primary goal is to see to the development, success and longevity of Belizean businesses.
RENEWABLE ENERGY & ENNERGY EFFICIENCY
SAVE Money and Reducing your long term operational costs by investing in Renewable Energy and Energy Efficiency (RE/EE). DFC is the only bank offering RE/EE loans for Businesses and Homes at only 6% (Reducing Balance)
Other Benefits ONLY DFC provides
DFC in the ONLY lending institution that provides you with FREE Property Appraisal, Saving you hundreds of dollars!
We are the Only Bank to provide the legal services you need, In-house which reduces your cost, again saving you money!
DFC has never INCREASED its Interest rate. We don’t ‘Lock’ you into a loan then increase the interest rate on you after.
DFC never bind you down by tying or ‘bundling’ your loan with other loans.
HONEST and UPFRONT
DFC encourages responsible borrowing with our customers from the get go. We do not allow our customers to over extend themselves with loans larger than they can afford.
DFC is up front with you. We explain the loan terms clearly, letting you know exactly what are the loan fees and payments. With DFC there are NO HIDDEN FEES.