Open, improve or expand your business with loans from $40,000 to Millions. Get repayment grace period during project implementation, repayments tailored to your cash flow during low season, a revolving line of credit to support your business operation and get DFC forbearance in times of financial challenge. A wealth of experience and support, the DFC has been investing in Belize’s Productive Sector for over 54 years.
- Institutions, Cooperatives, Credit Unions etc.
- Tourism based businesses
- Apartments, hotels plus more
- Business services
- Renewable Energy | Energy Efficiency
- Livestock | Commercial Fishing
- Small Business
- Cultural Arts
- Mining & Exploration
- Plus More – Just ask
Eligibility Criteria & Requirements
- Belizeans & Belizean Residents (18-70 years old) / Locally registered Cooperatives / Partnerships / Associations and Companies.
- Project: Financially viable, Technically feasible, Environmentally sustainable.
- Marketing Strategy & Management: Verified experience & records of past performance
- Client Contribution: Minimum 10% of loan value. (Property, cash and/or labour)
- Collateral: Flexible requirements including 3rd Party Guarantee, Bill of Sale on Chattels and Real Estate.
- Insurance: for Insurable assets.
DFC's Many Benefits (Click)
- Loans from $40K to Millions
- TRUE Reducing Balance Interest Rate
- LOW Effective Interest Rate
- FREE Property Appraisal ($300 – $1400+ in Savings)
- PAY LESS for Legal Services because of our In-house Legal Services
- Business Plan development support
- FREE Technical assistance during Planning & Implementation
- Renewable Energy / Energy Efficiency loans at just 6%
- Revolving Line of Credit option
- Character Based Loans offered
- Forbearance during times of Financial Challenge
- Tailored Loan Repayments
- Repayment Period up to 15 years
- Grace Period up to 5 years
- DFC does not increase your interest rate
- Loan Fees as low as 2%
- 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%
- Amortization Schedule provided
WHAT YOU NEED TO APPLY
- Valid Photo ID
- Business Plan (DFC can assist)
- Financial Records (if applicable)
- Land documents
- Updated land/property taxes
- Relevant permits, contracts, licenses (if applicable)
- For Companies:
Certificate of Incorporation, Memorandum & Articles of Association, Certificate of Good Standing, Resolution to borrow, Authorized signatories.
If Constructing Apartments, Building etc.
- Building Plans (Approved by your city/town council or by the Central Building Authority (CBA)
- Bill of Quantities (Labor & Material Costs)
If Purchasing an existing Building
- Letter from the Seller (State sale price and details of property)
- Bill of Quantities (If making improvements to the property)
- Approved Building Plans (CBA) if making changes to any exterior walls
CHOOSE DFC (Click Below)
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 businesses where payments can be made at harvest time.
TRUE Reducing Balance Interest Rate
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.
Loan Grace Periods
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 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.
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 Enery & 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.
Affordable Legal Services
We are the only bank to provide the legal services you need for processing your loans, In-house. Again, this helps to reduce your cost, again saving you money.
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.