Central Administrative Services Tobago (C.A.S.T) building, Orange Hill Road,
Scarborough, Tobago.
Contact Name:
Mr. Brian Awang
Telephone Contact:
Office: 1-868-461-1751
Mobile: 1-868-678-5881
Email:
info@tttbdl.org
Tourism and Tourism-related companies whose level of business has
achieved a 60% benchmark determined by the relevant financial institution.
Visit or call the TTTBDL’s office and consult with the account execute to determine your eligibility under the fund. Once permitted, approach your financial institution or lending agency to secure a loan facility in accordance with the lender’s requirements.
The lending agency will determine your eligibility for a loan facility, while the TTTBDL’s account executive determines eligibility under the Fund.
Once the application is approved by the lender, the lender shall disburse all funds if applicable to the borrower within five (5) working days of receipt of the signed undertaking.
Repayment terms on credit facilities are determined by the lender and are not the responsibility of the TTTBDL.
Borrowing limits will be determined by the lending agency, based on their credit evaluation processes.
New loans and restructure facilities are applicable under the programme.
Yes. Interest rates for new and restructured loans are subsidized at 5%.
Companies are eligible for a loan guarantee of up to $10 Million.
Yes. TTTBDL receives annual payments of guarantee fees of 1.75% in the first year and 1% of the value of the Undertaking for each additional year.
Only Tourism and Tourism related business can apply to the fund.
No. All FUND applications are handled by the TTTBDL representative and credit applications handled by your financial institution.
The multilateral engagement between the TTTBDL, EXIMBANK and otherFinancial Institutions are subject to the rules and regulations of the Central Bank of Trinidad and Tobago.