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DEL's COVID-19 Loan

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DEL's COVID-19 Loan offers eligible businesses located (or that plan to be located) in the DEL region with a term loan of up to $100,000 (repayable in 12 months) at an interest rate of 6% to provide them with the working capital they need to get through the current crisis.

Main eligibility criteria:

  • Apply for a minimum loan of $25,000.
  • Be legally constituted.
  • Operate in an eligible industry and offer B2B services.
  • Have a Beacon credit score that is greater than 750.
  • Submit a project with demonstrated economic benefits in terms of maintaining jobs.

Main documents to be submitted:

  • Financial statements for the last 3 years and the current year.
  • Entrepreneur’s personal financial statement and credit report.
  • A cash budget for the next 12 months.

Conditions apply.

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