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Unlock Your Entrepreneurial Dreams with
Trust Loans!

Are you a Barbadian citizen with a passion for entrepreneurship? Whether you are already running a business or aspiring to start one, Trust Loans is here to support your journey! We offer security-free loans to individuals across various professions, empowering you to pursue and expand your entrepreneurial ventures. This includes, but is not limited to Artisans, Hair Stylists, Manufacturers and many others.

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Loan Offerings

First loan up to $5000, Second loan $10,000

At Trust Loans, we’re not just lenders; we’re your financial allies. We offer tailored solutions, total transparency, and lightning-fast service. With decades of experience and unwavering community commitment, we’re more than numbers; we’re a trusted partner.

A microloan is a small sum of money lent at low-interest rates, specifically designed to support entrepreneurial activities.

Loan Details:
  1. Loan Amount: Subject to certain conditions, new applications can qualify for up to $10,000.00 in financing to help meet their unique business needs.
  2. Interest Rate: Benefit from a competitive interest rate of 5% on the reducing balance, allowing you to manage your repayments effectively.
  3. Collateral Requirements: Normally, no collateral is required. However, in some cases, a Bill of Sale on equipment may be requested. Where possible, a salary deduction order is established for added convenience.
  4. Moratorium Period: Enjoy a 3-month moratorium, providing you with a grace period to set up and stabilize your business before commencing repayments.
  5. Maximum Term: The maximum term for repayment is 3 years, allowing you to plan and manage your finances with a reasonable timeline.
  6. Entrepreneurial Training: Approved applicants must attend our entrepreneurial training program before loan disbursement.
Loan Application Requirements and Know Your Customer (KYC) Documents Checklist:
  1. Completed Application Form: Ensure that all sections of the application form are accurately filled out. Incomplete forms may delay processing.
  2. Business Registration: Provide Form 1 and Form 6 from the Office of Corporate Affairs to verify registration status.
  3. Valid Barbados Government-Issued Identification: Submit one (1) form of valid identification such as a driver's license or Barbados ID card.
  4. Passport Size Photo: Include one (1) recent passport-size photo.
  5. Proof of Address: Submit a document verifying your current address. Must be no older than three (3) months.
  6. Invoices/Quotations: Provide invoices or quotations from your suppliers or service providers.

A refinance occurs when the terms of an existing loan, such as interest rates, payment schedules, or other terms, are revised.

Loan Details:
  1. Loan Amount: Applicants can now borrow up to $10,000.00 to support the growth and development of your business.
  2. Interest Rate: Enjoy a competitive interest rate of 5% on the reducing balance.
  3. Collateral Requirements: Normally, no collateral is required for repeat borrowers. In some cases, a Bill of Sale may be executed.
  4. Maximum Loan Term: Extended to 4 years for second-time or more borrowers.
  5. No Moratorium: Payment starts the following month after disbursement.
Loan Application Requirements and KYC Documents Checklist
  1. Completed Application Form: Ensure that all sections are filled accurately.
  2. Business Registration: Provide Form 1 and Form 6 from the Office of Corporate Affairs.
  3. Valid Barbados Government-Issued Identification: Submit one (1) valid ID.
  4. Passport Size Photo: Include one (1) recent passport-size photo.
  5. Proof of Address: Must be no older than three (3) months.
  6. Invoices/Quotations: Provide supplier or service provider quotations.
  7. Financial Statements: At least one (1) year of financial records.

Use our Loan Calculator

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**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.

Period Payment Interest Balance

Calculator Disclaimer

The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.

Basis For Confidence

We serve as a vital resource for achieving various financial goals.

5583

Loans Disbursed

(Female- 3051)

(Male- 2532)

$27,112,319

Amount Disbursed

(Female- $14,735,008)

(Male- $12,377,311)

3337

Persons Trained

7868

Job Opportunities Created