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Investment Criteria

In order to qualify for Agricultural funding from Enterprise Growth Fund Limited (EGFL), an applicant must

1. register with the Ministry of Agriculture & Food Security (MAFS) and be issued with a Farm Registration Identification Card,

2. complete an application form/business plan.

The completed application form is then sent to the MAFS requesting a technical evaluation of the project.

On receipt of the technical evaluation from the MAFS and the completion of the assessment of the project, EGFL shall prepare and present a Project Memorandum for the review and approval of the Management Committee.

Prior to disbursement, the applicant should show evidence of compliance with BRA and NIS, if applicable.

In order to qualify for this funding, the company must be considered a small or medium-sized business, satisfying at least two of the following criteria:

  1. The market value of the company’s fixed assets must be greater than $25,000 but less than $1.0 million.
  2. The number of employees must be greater than five but not exceed two hundred persons.
  3. The company must generate annual sales of between $100,000 and $7.5 million.

After the applicant submits a Business Plan, EGFL shall ensure that the project proposal falls within the scope of the overall objectives of this financing and shall conduct due diligence with particular reference to the following:

  1. Project costs.
  2. Technical feasibility with reference to sectoral knowledge and skills.
  3. Management skills.
  4. Reputation of prospective client(s) in the marketplace.
  5. Credit worthiness of the prospective client(s) and the ability to service debt.
  6. Market analysis and prospects.
  7. Financial structure.
  8. Financial viability including profitability and balance sheet projections for five (5) years. For existing
    businesses, audited financial statements for the three (3) years preceding the date of the application must be provided.
  9. Foreign exchange generation capacity.
  10. Sensitivity and risk management analysis.
  11. Environmental impact.

DOWNLOAD FULL BUSINESS PLAN GUIDELINES HERE

A copy of the following corporate documents must also be provided:

  • Certificate of Incorporation
  • Notice of Address or Notice of Change of Address of the business’ registered office.
  • Notice of Directors or Notice of Change of Directors
  • Articles of Incorporation

On completion of the due diligence process, the Fund Manager shall prepare and present a Project Funding Memorandum for the review and approval of the Investment Committee. Prior to disbursement, the applicant should show evidence of compliance with BRA and NIS, if applicable.

To access funding, you should provide a business plan which clearly sets out:

  • An overview of the business.
  • Detailed information on the business’ financial structure and management team.
  • An assessment of the company’s ability to execute the exit strategy.
  • Current and or/most recent audited financial statements.
  • Marketing information including growth strategies for the next three to five years.
  • Financial projections supported by realistic assumptions demonstrating the project’s ability to be profitable.

A copy of the following corporate documents must also be provided:

  • Certificate of Incorporation
  • Notice of Address or Notice of Change of Address of the business’ registered office.
  • Notice of Directors or Notice of Change of Directors
  • Articles of Incorporation

On completion of the due diligence process, EGFL prepares and presents a Project Funding Memorandum for the review and approval of the Investment Committee. Prior to disbursement of approved funds, the applicant must provide documentary evidence that they are up to date with respect to NIS payments, VAT, PAYE, and other statutory obligations or that satisfactory arrangements have been made to clear any arrears.

To access financing, you should provide a business plan which clearly sets out:

  • An overview of the business.
  • Detailed information on the business’ financial structure and management team.
  • An assessment of the company’s ability to repay debt.
  • Current and or/most recent audited financial statements.
  • Marketing information including growth strategies for the next three to five years.
  • Financial projections supported by realistic assumptions demonstrating the project’s ability to be profitable.

SEE BUSINESS PLAN GUIDELINES HERE

A copy of the following corporate documents must also be provided:

  • Certificate of Incorporation
  • Notice of Address or Notice of Change of Address of the business’ registered office.
  • Notice of Directors or Notice of Change of Directors
  • Articles of Incorporation

On completion of the due diligence process, EGFL prepares and presents a Project Funding Memorandum for the review and approval of the Investment Committee. Prior to disbursement, the applicant must provide documentary evidence that they are up to date with respect to NIS payments, VAT, PAYE and other statutory obligations or that satisfactory arrangements have been made to clear any arrears.

Loan Facility

Technical Assistance Facility

AC Rebate Trade-In Facility

On completion of the due diligence process for loan applications, EGFL shall prepare and present a Project Funding Memorandum for the review and approval of the Investment Committee. Prior to disbursement, the applicant should show evidence of compliance with BRA and NIS, if applicable.

In order to qualify for this financing, an applicant must:

  • register with the Ministry of Tourism and BHTA;”
  • submit a Business Plan

On receipt of the Business Plan, EGFL shall ensure that project proposal falls within the scope of the overall objectives of this financing and shall conduct due diligence with particular reference to the following:

  • Project costs;
  • Technical feasibility with reference to sectoral knowledge and skills;
  • Management skills;
  • Reputation of prospective client(s) in the market place;
  • Credit worthiness of the prospective client(s) and the ability to service debt;
  • Market analysis and prospects;
  • Financial structure;
  • Financial viability including profitability and balance sheet projections for five (5) years. For existing
    businesses, audited financial statements for the three (3) years preceding the date of the application must be
    provided;
  • Foreign exchange generation capacity;
  • Sensitivity and risk management analysis;
  • Environmental impact.

SEE BUSINESS PLAN GUIDELINES HERE

A copy of the following corporate documents must also be provided:

  • Certificate of Incorporation
  • Notice of Address or Notice of Change of Address of the business’ registered office.
  • Notice of Directors or Notice of Change of Directors
  • Articles of Incorporation

On completion of the due diligence process, EGFL shall prepare and present a Project Funding Memorandum for the review and approval of the Investment Committee. Prior to disbursement, the applicant should show evidence of compliance with BRA and NIS, if applicable.

Technical Assistance

Technical assistance for small hotels is available for some professional services in project preparation, such as architectural services and interior design.

In order to qualify for this financing, an applicant must:

  • register with the Ministry of Tourism and BHTA;
  • submit a Business Plan

On receipt of the Business Plan, EGFL shall ensure that project proposal falls within the scope of the overall objectives of this financing and shall conduct due diligence with particular reference to the following:

  1. Project costs;
  2. Technical feasibility with reference to sectoral knowledge and skills;
  3. Management skills;
  4. Reputation of prospective client (s) in the market place;
  5. Credit worthiness of the prospective client(s) and the ability to service debt;
  6. Market analysis and prospects;
  7. Financial structure;
  8. Financial viability including profitability and balance sheet projections for five (5) years. For existing
    businesses, audited financial statements for the three (3) years preceding the date of the application must be
    provided;
  9. Foreign exchange generation capacity;
  10. Sensitivity and risk management analysis;
  11. Environmental impact.

SEE BUSINESS PLAN GUIDELINES HERE

A copy of the following corporate documents must also be provided:

  • Certificate of Incorporation
  • Notice of Address or Notice of Change of Address of the business’ registered office.
  • Notice of Directors or Notice of Change of Directors
  • Articles of Incorporation

On completion of the due diligence process, EGFL shall prepare and present a Project Funding Memorandum for the review and approval of the Investment Committee. Prior to disbursement, the applicant should show evidence of compliance with BRA and NIS, if applicable.