Small Business Revolving Line

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Project Number: 
RC3211A-01
Expected Consideration Date by the Board: 
04/11/2006
Date Posted: 
03/10/2006
Company: 
Small Business Revolving Line
Financing Requested: 
Sector: 
Small Loan Program
Location: 
Scope Objective: 

The goal of the Small Business Revolving Line (SBRL) during this initial phase is to improve the capacity of the IIC to offer small loans directly to small companies by allocating up to US$10 million for up to 10 years. SBRL will build up to a US$2.0 million portfolio each in Costa Rica, Honduras, Nicaragua, Paraguay and Uruguay.

The SBRL will provide direct medium term financing for working capital and fixed investments. Loan amounts will range from US$100,000 to US$600,000 and loan maturity between three and five years. Eligible businesses include private companies engaged in agribusiness; manufacturing; wholesale, retail and services; construction, and any other activity economic sector that contributes to the local economy.

Environmental Review: 

Environmental Classification and Issues:

All of the projects to be financed with the Small Business Revolving Line (SBRL) must comply with the environmental and labor laws, regulations, and standards established in their respective jurisdictions, as well as with applicable IIC policies. As part of the evaluation process, beneficiary companies will be subject to an environmental and labor review.