Republic Start-Up Loans

TOTAL FACILITIES	Up to $250,000
PURPOSE OF LOAN	Working Capital Needs Purchase of Machinery/Equipment Acquisition of Factory and Office Facilities
LOAN LIMITS	Working Capital Overdraft or term Loan 5%-8% of Estimated Annual Sales. Revolving loans - 75% of Working Assets. Machinery/Equipment/Fixed Assets - Maximum - 75% of cost.
TERM	Overdraft - on demand with annual review. Revolving loans - 3 to 6 months Repayment. Term Loans - Up to 5 years Repayment.
INTEREST RATE	Rates for Overdrafts/Revolving Loans are reviewed annually
MORATORIA	On capital repayments of up to 1 year
REPAYMENT PROVISIONS	Depending on circumstances:- Fixed monthly instalment Interest only with provisions for periodic lump sum payments in line with projected cash flow.
FEES/CHARGES	25% discount on all Fees in first year.
INSURANCE PROTECTION	Insurance acceptable to the Bank
SECURITY	Mortgages Debenture Mortgage Bills of Sale Chattel Mortgages Assignment of Contract Funds Charge over marketable securities and readily realisable assets Assignment of Insurance covering insurable assets for full value Keyman/ Life/ Group life insurance on principal(s) Director's Guarantees
FINANCIAL DATA	Business Plan Cash Flow Forecast Periodic Management Accounts Annual Accounts Directors'/Guarantors' statements of affairs All income must be deposited to an account with Republic Bank (Grenada) Ltd.

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