Commercial Loans
Need a commercial loan? The SPCCU offers working capital, start-up capital and growth finance for Montserrat's businesses. SPCCU terms and conditions apply.
- Loans
- 3
- Interest rate
- 10%
- Terms up to
- 5 years
Finance for your business
Working capital, start-up capital and growth finance.
Loans for entrepreneurs, farmers and growing small businesses, repaid over up to 5 years.
Business Loans
Want to be an entrepreneur? Working capital or starting capital for your business.
Rate10%Agri-business Loans
For those who wish to import goods, export goods, or buy equipment.
Up to$100,000Small Business Development
Make your business grow! Loans to help the expansion and growth of small businesses.
Up to$50,000Compare business loans
Rates, terms and requirements side by side.
Compare business loans
Published rates, limits and repayment periods.
| Product | Interest rate | Maximum | Repayment | Details |
|---|---|---|---|---|
| Business LoansWant to be an entrepreneur? Working capital or starting capital for your business. | 10% | By business category | Up to 5 years | Details of Business Loans |
| Agri-business LoansFor those who wish to import goods, export goods, or buy equipment. | 10% | $100,000 | Up to 4 years | Details of Agri-business Loans |
| Small Business DevelopmentMake your business grow! Loans to help the expansion and growth of small businesses. | 10% | $50,000 | Up to 5 years | Details of Small Business Development |
SPCCU terms and conditions apply.
Maximum business loan by sector
Maximum amounts for Business Loans, as published.
| Business category | Maximum |
|---|---|
| Wholesale and retail | $150,000 |
| Commercial vehicles | $200,000 |
| Equipment (new, used) | $100,000 – $135,000 |
| Agriculture – inputs | $50,000 |
| Agriculture – exports | $50,000 |
| Agriculture – secondary | $100,00 |
| Construction – working capital | $50,000 |
| Manufacturing | $50,000 |
| Tourism | $50,000 |
| Professionals | $50,000 |
| Services (e.g. salons, brokers) | $50,000 |
| Creative industries – music, ICT, consulting | $50,000 |
| Other business | $50,000 |
| Line of credit | $100,000 |
Estimate your repayments
Choose a loan to fill in its published rate and longest term.
- Total repaid
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- Total interest
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An estimate only, using a standard reducing-balance formula. It is not an offer of credit. Your rate, term and repayments are confirmed by a Loans Officer and subject to SPCCU terms and conditions.
How to apply
- Prepare your business documentsA business plan, business incorporation or registration, proof of business address and a certificate of incumbency.
- Identify your shareholders and directorsIdentification and proof of address for shareholders, directors and signatories.
- Speak with a Loans OfficerVisit us in Brades or call 1-664-491-3666 to begin your application.
Employing staff?
Let us handle your payroll
The SPCCU payroll service handles your employees’ salaries and deductions, including taxes and social security, and pays salaries into their SPCCU accounts.