APPLICATION CRITERIA

1. CRITERIA

• The band must be in existence and registered with Pan Trinbago Inc. for a minimum of Three (3) years.
• Must have elected an Executive and governed by a Constitution/Bye Laws.
• Must fall with the categories of Single Pan or Conventional Steelband.
• Application are adjudicated on by a selected Credit Committee
• No band should be indebted to Panvesco at any time for more than one loan.

2. BASIS FOR APPLICATIONS

• Projects with earning potential
• To purchase equipment i.e. Pans, Stands, uniform etc.
• To construct/improve pan yards
• Revenue-based purposes
• Arranger/Tuner fees

NB: DOCUMENTARY EVIDENCE TO BE PROVIDED FOR ALL PURPOSE I.E. QUOTATION, INVOICES, PROFORMA INVOICES ETC.

3. INTEREST RATE

• All loans are subjected to a ten Percent (10%) per Annum interest rate.