For the purposes of this programme, the definition of micro business will be that contained in the Small Business Development Act of 2007.
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;
(c) for which total annual sales do not exceed $300,000; and
(d) 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.
Submit Your Application
Submit your application online or by hand, and provide all the information required.
Application Is Reviewed
Your submission will be reviewed. Then a representative from the EDP unit will contact you to assist you with processing your application.
Access Is Granted
When your application is approved you will be granted access to loans, training, support and more.