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Small Business Loan

Overview

Bank of Bermuda offers loans for your small business - financing to get started or to simply facilitate the needs of the business.You may need working capital to get started, financing for a large expenditure or need to purchase equipment. A Small Business Loan can help to lessen the impact of these one-time payments on your day to day cash flow.

Need more information?

Small Businesses

Call us on 299-5555

Larger Businesses

Call us on 299-5333

Key features and benefits

Choice of fixed or variable interest rates
Option of convenient pre-authorised payments
Fixed terms
Detailed monthly statements
Loans up to $150,000

Bermuda Small Business Development Corporation

Bank of Bermuda partners with the BSBDC to promote the overall growth and success of this important sector of Bermuda's economy.

The BSBDC can provide assistance with everything from preparing business plans to securing financing with their loan guarantee programme.

Visit the BSBDC's Website

What you should know before you apply

You may be eligible for this product if:

you are a business operating in Bermuda with annual sales less than $500,000;
you are a sole proprietor or partnership;
you have good credit history in your personal life and your business