Small Business Loans

$5,000 to $40,000 for starting, improving or expanding your small business. Working capital and Business guidance via BELTRAIDE’s Small Business Development Center, the DFC supports build strong Micro Sector Businesses in Belize.

See if I Qualify for a Small Business Loan

Answer a few questions and a DFC Representative will contact you to discuss or set up an appointment.

Financing for:

  • $5000 to $40,000
  • Open new, Improve or Expand your Small Business
  • Purchase or repair of machinery and equipment
  • Purchase of Vehicles (including boats) for business purposes
  • Retail trade
  • Cottage Industries
  • Working Capital for the above activities

What do I need to apply:

  • Photo ID: Social Security Card or Passport
  • Financial Records (If applicable)
  • Proof of Income: Job letter & Pay Slip or Income Statement is Self Employed
  • Business Plan – Find a Business Plan Template you can use here. BELTRAIDE’S Small Business Development Center can provide you with professional Business guidance.
  • Documents  – Relevant permits, contracts, licenses etc. where applicable
  • Must be Belizean, Resident or Company with majority Belizean shareholding
  • Must be between – 18 & 65 years.

DFC's Many Benefits (Click)

  • Loans from $5,000 to $40,000
  • TRUE Reducing Balance Interest Rate
  • LOW Effective Interest
  • FREE Property Appraisal ($300 – $1400 in Savings)
  • PAY LESS for Legal Services because of our In-house Legal Services
  • Business Plan development support (SBDC)
  • FREE Technical assistance during Planning & Implementation
  • Renewable Energy / Energy Efficiency loans at just 6%
  • Character-Based Loans offered
  • Forbearance during times of Financial Challenges
  • Tailored Loan Repayments
  • Repayment Period up to 5 years
  • Grace Period up to 3 months
  • DFC does not Increase your interest rate
  • Loan Fees as low as 2.5%
  • Loan Terms Clearly Explained
  • No Hidden Fees
  • Easy to Reschedule
  • No Rescheduling Fees
  • No Loan Consolidation Required
  • No Annual Renewal Fees
  • Safe debt ratio of 35%
  • Good Loan Approval time: Approx. 4 weeks

SECURITY REQUIRED

  • Real Estate Collateral or
  • Cash Collateral (Equal to the amount you wish to borrow)

CHOOSE DFC

Tailored Loan Repayments

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 businesses where payments can be made at harvest time.

Loan Grace Periods

DFC offers Grace periods (Pay only interest, no principal) for up to 1 years (dependent on project type) Eg. Your business would receive grace period while its under construction, development or for a period after opening to become established first.

Agricultural based businesses could receive grace periods until their crop is harvested.

Revolving Line of Credit

Your service Business or Agricultural based business could get a Revolving Line of Credit Loan. Similar to an Overdraft it’s a one time loan that allows you to ‘draw down’ from that loan to cover the operating costs for your business. As you repay your Revolving Line of Credit, you can automatically draw down finances for your needs.

Agricultural based businesses could receive grace periods until their crop is harvested.

True Reducing Balance

DFC offers you TRUE reducing balance Interest rates. As you go repaying your loan and your balance owed reduces, the interest paid also reduces because DFC charges interest on the balance owed.

It is referred to as ‘TRUE’ because we apply interest in this manner  CONTINUOUSLY, over the entire life of your loan. Other institutions may say they also offer ‘Reducing Balance’ but it may not be a ‘TRUE’ reducing balance. This is because of HOW they apply their interest (Eg: On a 12 month basis only and not continuously over the entire life of the loan as DFC does). As such, this means you would pay more in interest.

We Care and Help you in Challenging 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 & Energy Efficiency Loans

SAVE MONEY by Investing in Energy Saving for your business and home. It allows you to SAVE money by reducing your long-term costs. DFC is the only bank offering RE/EE loans for Businesses and Homes. At only 6% (Reducing Balance) the loan pays for itself from the savings you make.

Renewable Energy loans are for Solar power, Wind Power, Solar water heating, Alternative Fuels (Bio-gas etc.)

Energy Efficiency Loans – LED Lighting, High SEER Air Conditioners, High efficiency Refrigeration, Heat pump or gas based clothes dryers, Low flow toilets, Low Flow Faucets and Shower heads, Water catchment (Vats) & recycling systems and Building Envelopes such as white roofing (Cool Roofing), insulated windows, walls, air curtains, occupancy sensors etc.

FREE Property Appraisal

DFC in the only lending institution that provides you with FREE Property Appraisal. This can save your business hundreds or even thousands of dollars.

Stable Interest Rates

DFC has NEVER increased its Interest rates. We don’t ‘Lock’ you into a loan then increase your interest rate, after.

DFC never binds you down by tying or ‘bundling’ your loan with other loans.

Honest and Up Front with You

DFC encourages responsible borrowing with our customers. 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.

See if I Qualify for a Small Business Loan

Answer a few questions and a DFC Representative will contact you to discuss or set up an appointment.

SEE IF I QUALIFY FOR A LOAN.

Answer a few questions about the type of financing you want and a DFC Representative will contact you to discuss or set up an appointment.

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