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Agriculture

EGFL provides loan financing to help farming and fishing communities in Barbados become more competitive. EGFL also provides incentives, technical assistance and grants to this sector.

Qualifying for Assistance

  • To qualify for finance, you must be registered with the Ministry of Agriculture and Food Security (MAFS) and issued with a Farm Registration Identification Card. You must also beregistered with the Barbados Revenue Authority (BRA) and the National Insurance Department and show evidence of compliance with these agencies.
  • Loan financing is available from BDS$50,000 to BDS$1 million at an interest rate of 6.5% per annum calculated on a reducing basis. Exceptions may be made on a case by case basis.
  • Security is required, usually in the form of a legal charge over assets acquired with the proceeds of the loan and any other collateral that might be deemed necessary.
  • In the case of disasters and the loss of crops and livestock, please contact your extension officer, MAFS or the Barbados Agricultural Development & Marketing Corporation for assistance.

Applicants will be required to submit a completed application form. EGFL will provide assistance in preparing applications to the required standard for loan amounts less than BDS$150,000.

See application form

A comprehensive business plan should be completed and should contain the information specified in the Business Plan Guidelines.

See Business Plan Guidelines

Agriculture Loan Calculator

*estimates only

$50000 $100000
1 year15 years
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