PRODUCT DESCRIPTION	printversion

The purpose of this guarantee is to enable entrepreneurs to access loans from Participating Financial Institutions for the establishment, expansion or acquisition of a new or existing business. The bank loan may be used to finance fixed assets and / or working capital. The SBCGT will guarantee up to a maximum of 80% of the bank loan amounting to a maximum of N$ 250,000.00. The average term of the guarantee is 36 months, but can be extended to 60 months if required. The guarantee may not be applied to cover existing bank loans, overdrafts or any other previously arranged financial facility. The Trust can also co-guarantee the required financial facility with the promoters respectively owners, but to its allowable maximum amount only.