CASH BACKED FINANCING, CBF

Features:
  1. Minimum amount: $10,000,000.00 USD
  2. Annual interest rate: 3.50%
  3. Maturities: 10 years or more
  4. Grace period: 12 months
  5. Processing time: 90 business days
  6. Service fees: 5% of the financing requested.
Eligibility:
  1. Viability of the project or its socio-economic impact on the beneficiaries
  2. Payment of cash collateral equivalent to 10% of requested financing amount
  3. Additional guarantees and/or ownership in the financed project.
  4. Subscription to appropriate insurance.
  5. The government representative must be authorized to engage the entity requesting the financing.
  6. The government representative must be at least 21 years old with clean criminal record.
Effective February 28th, 2023.