PAN TRINBAGO INVESTMENT CORPORATION
WHO CAN APPLY/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.