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 (www.commerce.gov.lc) Alternatively, physical (paper) application forms can be picked up at the Ministry of Commerce.
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