Tourism Loan
Tourism is everybody's business!
Tourism is indeed everybody's business. Apart from being diverse within self, its innumerable linkages to other sectors meet the needs of the many visitors to our shores. Operators within the industry's sub-sectors, from accommodation, to transportation and services can use this loan facility to upgrade the standards of relevant structures and best practices.
Loan limit: Up to 70% of the total project cost
Interest rate: 6 - 9% on reducing balance
Repayment period: up to 12 years
Optional grace period on principal: up to 24 months
Use of funds:
- Accommodation
- Restaurant and bars
- Heritage sites and attractions
- Vehicle rental enterprises
- Local craft and other approved auxillary services
- Other Tourism related activities
To qualify you must:
- Be a citizen of the Commonwealth of Dominica
- Be over 18 years of age
To apply call 448-2853 for an appointment with a Credit officer or come in to talk with us!