BUSINESS LOANS
Laborie Credit Union Logo
Laborie Branch  758.459.6900
Vieux-Fort Branch  758.459.6925
Laborie Co-operative Credit Union Ltd.
Are you thinking of starting up your own business, and need financial help to get you started? Are you
having difficulties finding the right establishment to aid your needs? We are here to serve you!  In today's
world of innovation and self-employment, we would like to encourage and help satisfy our member's
needs for a sustainable business that can be passed on to future generations and become a long lasting
feature of OUR community. Here are the requirements needed to get you started on your first steps to
becoming a Businessman/Businesswoman:

1. Business Plan​

• Promoter’s contribution
• Loan required
• Operating structure
• Credentials of management
• Demand (Include target market e.g. community, national, Caricom)
• Market trends (past trend, existing and projected)
• Pricing policy
• Identified competitors
• 2 years audited financial statements or 2 years pro forma financial statements (new 
   business)
• 2 year cash flow projections​​

2. Evidence of Approval from the Development Control Authority (DCA)

3. Bank Statement & Confidential Report

4. Evidence of status of business at Inland Revenue Department

5. Evidence of status of business at NIC

6. Letter from landlord expressing willingness to sign Lease Agreement

7. Details of existing credit facilities of the business

8. Aged list of accounts receivables and payable as at, at least the latest month

9. Statement of net worth of promoter(s)

Building a Strong Community Economy