| Common Loan Features | |
|---|---|
SME stands for Small & Medium Enterprises. At FDB, our SME loans range from as little as $1,000 to $500,000. Our SME facility is specifically designed for the small and medium enterprises interested in starting or expanding his/her business. SME loans are available for Business Purchase or Establishment, Contractual Transport or Plant Operations in the following sub sectors: a. Transport – taxis, hire cars, trucks, marine vessels, minibuses, etc. b. Distribution – delivery, storage etc. c. Wholesale/Retail – for purchase of fixed assets and or initial working capital requirements. d. Services: • Repair Shops, Fuel Stations, Wreckers, etc. • Fast Food Services, Restaurants, etc. • Tourism: Accommodation, Resorts, Tours, Eco tourism projects etc. • Accountancy, Dentistry, Law, Medicine, etc. • Manufacturing | • Loan amount of up to $500,000 • Equity contribution ranges from 20%-35% • Competitive interest rates • Terms available to suit your business cycle • Normal FDB screening for credit assessment applies |
This loan facility is available for the purchase of new vehicles such as Taxis, Hire Cars, Utilities and Vans, Trucks and Tractors and Heavy Rolling Equipment. | • Maximum loan term of up to 7 years, depending on vehicle type. • Equity contribution of at least 35%. • Competitive interest rates • Terms available to suit your business cycle • Normal FDB screening for credit assessment applies. |
What is FDB Loan for Women Entrepreneurs?
The FDB Loan for Women Entrepreneurs is specifically designed for Women Entrepreneurs with
registered MSME businesses in operation for a minimum of six (6) months who require working
capital or need to expand their existing business.
What are the loan purposes?
This loan facility is specially designed for the expansion of existing business or for working capital
needs.
• Loans from $1,000 to $5,000. • Interest Rate of 12.00% per annum. • A standard loan approval fee of $50.00 applies. • Minimum equity of 10.00% subsidized by the Government. • Normal FDB screening for credit assessment applies. | • Minimum loan of $1,000.00 • Maximum loan of $5,000.00 |
- Women MSMEs’s who have been in operation and have a registered business for more than 6 months.
- Ownership – women owned or joint ventures with at least 50% local women shareholding.
- ALL applicants within the legal age limits.
1. Birth Certificate
2.Photo ID: Voter dentification Card/Passport/Driving License.
3.TIN Letter/Joint FRCS/FNPF Card.
4.Business registration certificate/certificate of business license/market master letter/Letters from SPBD, Ministry of Women, Provincial Councils and Women Entrepreneurs Council (WEBC).
5.Current utility bills – these would be utility bills for the business/tenancy agreement.
6. 3 months or more bank statement/M-Paisa or My Cash Business Transaction Statement
Security will be required in the form of a customer undertaking by the applicant through the “Online Application form”.
Nil Application and security documentation fees. However, a standard approval fee of $50.00 will be debited to your loan account. Other fees and charges apply as per our fees and charges schedule.
Call a Branch close to you – Find our branches OR email us at info@fdb.com.fj
Working capital loans are available to provide assistance with recurrent working capital needs for your business operations. However, this loan facility excludes agricultural production and fishing. | • Maximum term is up to 5 years depending on the amount and cash flow cycle. • Equity contribution of 20% would vary depending on the financial position of the business. • Competitive interest rates • Terms available to suit your business cycle • Normal FDB screening for credit assessment applies. |
Transport loans are available for the following: • Transport – Freight Service • Purchase of New Vehicle, Plants & Equipment’s • Purchase of new and used buses, reconditioning of buses and debt consolidation • Purchase of new and used minibuses • Purchase of new and second-hand cars for taxis | • Maximum loan term of up to 8 years for buses & up to 5 years for mini-buses and taxis. • Equity contribution of at least 35%. • Competitive interest rates • Terms available to suit your business cycle • Normal FDB screening for credit assessment applies. |
What is the Small and Medium Enterprise Sustainability Package?
The “Small and Medium Enterprise Sustainability Package” is specifically designed for existing
Small and Medium Enterprises (SMEs) who have an annual turnover/total asset between $50,000 to
$1,250,000 and has been in operation for more than 2 years. The SME Sustainability Package is
targeted to assist these existing businesses to further grow their business as the economy recovers
from the pandemic. Loans can be obtained under this facility for the expansion, refurbishment,
maintenance.
• Loan Term of 5 years to suit your loan purpose. • Interest Rate of 3.99% per annum. • No application fees. • Equity from minimum of 20% to 35% depending on purpose of loan. • Normal FDB screening for credit assessment applies. | • Minimum loan of $5,000.00 • Maximum loan of $100,000.00 |
FAQ’s
- Existing Small and Medium Enterprises that have been in operation for a minimum of 2 years.
- Ownership – locally owned or joint ventures with at least 51% local shareholding.
- ALL applicants within the legal age limits.
- Open to all types of land leases excluding Class J.
You can apply for this loan safely from the comfort of your own home – apply online. Applicants are to submit their loan application and upload the requirements through this portal. If you face difficulties you can contact us via email info@fdb.com.fj or contact your nearest branch for assistance.
Nil Application fees. Other fees and charges apply as per our fees and charges schedule.
- Past 12 months bank account statement for transactional account.
- Financials for past 2 years (2020 & 2021) or financial for 1 year (2021) as long as business has been in existence for the past 2 years.
- 2022 Financial Projections with assumptions.
- Joint FRCS/FNPF card confirming the tax identification number.
- Birth Certificate.
- Company Registration Certificate.
- Current FRCS Tax Compliance Certificate.
- Evidence of Equity.
- Securities required in the form of fixed assets to be financed or collateral security to back up loan.
- Background/Company Profile/Shareholder Structure.
- Satisfy all regulatory conditions of business registration.
- Where applicable:
- Right of Land Use/ Building use – Copy of Registered title or current lease over land or Tenancy Agreement.
- Copy of Building Plans and specifications for building construction.
- Construction contract – An executed fixed price contract for the work to be undertaken.
- For vehicle purchase – LTA Certificate of Road Worthiness.
- 3 quotations for purchase of fixed assets or stock.
- Contractual Agreement.
- For Taxi operators – A Taxi permit and a Taxi base.
- For Hire Car Operators – a Hire plate licence.
Securities will be required in the form of fixed assets to be financed or collateral security to back up the loan. You will be required to upload land lease document or documents for other forms of security on the portal .
Call a Branch close to you – Find our branches OR email us at info@fdb.com.fj