1Application is Submitted
2Application is Reviewed
3Application is Approved
Small Businesses
For the purposes of this programme, the definition of small business will be that contained in the Small Business Development Act of 2007.
A small business is an enterprise:
(a) that has no more than 25 employees;(b) that is not a wholly- or majority-owned business or subsidiary of a larger company;
(c) in which capital investment does not exceed $3,000,000;
(d) for which total annual sales do not exceed $2,000,000; and
(e) that is majority owned by citizens of Antigua and Barbuda.
Small businesses will be able to access loans up to $75,000.00
Micro Businesses
A micro business is an enterprise:
(a) that has no more than 10 employees;
(b) that is not a wholly- or majority-owned business or subsidiary of a larger company;
(d) for which total annual sales do not exceed $300,000; and
(e) that is majority owned and operated by citizens of Antigua and Barbuda.
Micro businesses will be able to access loans up to $25,000.00
Other Terms & Conditions
Applicants may be required to execute security documents and/or provide a personal guarantee.
Generally, a business must be in operation for less than five (5) years to be able to access funding from the EDP. Exceptions may be made where a business operating for more than 5 years is seeking funding to significantly expand operations and will create additional employment.
