WHO CAN APPLY

APPLICATION CRITERIA

PAN TRINBAGO INVESTMENT CORPORATION

WHO CAN APPLY/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.
Print
1957

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