Apply NOW for MSME loans/grants

Apply NOW for MSME loans/grants

The Ministry of Commerce, Manufacturing, Business Development, Cooperatives and Consumer Affairs issues its first call for applications for the Micro Small Medium Enterprise (MSME) Loan-Grant Facility on Monday, 20th March, 2023. The MSME Loan-Grant is an EC$10-million-dollar facility aimed at providing post COVID-19 pandemic relief to registered MSMEs. It is a combination of 70% grant and 30% loan funding at an attractive interest rate of 3% with minimum collateral requirements. Applications can be obtained online via the Ministry of Commerce’s
website ( Alternatively, physical (paper) application forms can be picked up at the Ministry of Commerce.

Please note:
1. Applications will be accepted from 8:00 am to 3:00 pm, Monday to Friday, commencing Monday 20th March 2023.
2. The deadline for receiving applications is Wednesday, 19th April 2023 at 3:00 pm.

Prospective businesses may qualify for funds up to $10,000, while businesses in existence no more than two years
can seek up to $20,000 in funding. Businesses in existence for over two years can access up to $25,000. Priority areas include Manufacturing (e.g., agro-processing), Agriculture, Agrotourism, and Services (Beauty and Wellness, Creative Industries, ICT and Professional Services).
Accommodation and non-profit businesses do not qualify under this facility

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