APPLICATION PROCEDURES	printversion

The loan application and approval process can be described as follows:

• Submission of an application letter and a comprehensive business plan with all the details of the proposed business venture by an applicant to his/her financial institution;
  
  
• Evaluation of the application by the participating financial institution;
  
  
• In case of approval submission of the application to the SBCGT;
  
  
• Evaluation of the application by the SBCGT;
  
  
• In case of approval, the SBCGT will guarantee up to 80% of the credit facility to a maximum of N$ 250 000;
  
  
• Applicant will be informed about the outcome of the decision by the participating financial institution;
  
  
• In case of approval disbursement of the loan.