Productive/ Business Loans

Our productive loans can be used by members to generate income, create or sustain employment, and provide goods and services for the local & export markets. Let us help you grow your small business or bring an idea to life.

BUSINESS LOANS

Benefits

Low interest rate
No loan processing fees. No hidden charges
100% financing up to $150,000
Grace period of up to three (3) months on payment of principal, if needed
Up to ten (10) years to repay
Loan protection coverage up to $150,000 at no cost to you

For loans for Agricultural Land:

In addition to the above, the following are needed.

A letter of intent to sell from the property owner or real estate agent
Current market Valuation of property
Plan of the land
Copy of vendor’s Certificate of Title and if necessary, a letter from a bank or lawyer indicating the title can be released

Mortgage Loans for Businesses

NCCU also funds mortgage loans for commercial building construction or purchase. The minimum amount will be $50,000

Requirements

Call to make an appointment. with our Business Development Officer Here’s a checklist of items you’ll need to provide us with:

Business financial statements ( for existing businesses)
Business plan including cash flow projections for 3 years for loan amounts over $20,000
Certificate of Incorporation or Business Registration certificate
A minimum of 10% of the loan request as Security savings
Invoices (documentation) to support your application
Details of security being offered
Details of your liabilities and commitments (loans, hire purchase, household expenses)
NCCU passbook(s) and photo identification (eg. Social Security Card or passport)
if the approved loan is $77,000 and more or if you are 50 years and older, a medical examination is necessary for loan protection coverage.
Member Shares/Loans click here!

BUSINESS LOANS

Benefits

For loans for Agricultural Land:

Requirements

BUSINESS SOLUTIONS

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