Check if you are eligible to apply

An initiative of the Government of Trinidad and Tobago Coronavirus (COVID -19) business support

Activate Your Business Recovery

FROM THE GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO

Answer the quick questions below to determine eligibility!

Are you the owner of a registered business operating in Trinidad & Tobago as at March 1st 2021?*

Yes

What type of business is it?*

Sole Trader

Partnership

Limited Liability Company

Is the annual income of this business between TT$500,000 and TT$25 million?*

Yes

Has your business paid VAT to the end of December 2018 or is making arrangements to settle outstanding statutory obligations with the BIR?*

Yes

Has your business filed taxes 2018 or is making arrangements to settle outstanding statutory obligations with the BIR?*

Yes

Do you have a BIR tax registration or a letter signed by the BIR indicating that the registration process has commenced?*

Yes

Are National Insurance Scheme contributions for your employees up to date as at December 2018?*

Yes

We're sorry!

Unfortunately you are not eligible to apply for this loan at this time.

Unfortunately only the owner of a registered business in Trinidad & Tobago as at March 1st 2021 can apply for this loan.

This loan is only open to businesses who have an annual income between TT$500,000 and TT$25 million.

This loan is only open to businesses who have a BIR tax registration or a letter signed by the BIR indicating that the registration process has commenced.

This loan is only open to businesses who have paid VAT to the end of December 2018.

This loan is only open to businesses who have filed taxes to 2018.

This loan is only open to businesses who have made National Insurance Scheme contributions for employees up to date as at December 2018.

Great news!

Congratulations, your business is eligible to apply for the MSME Stimulus Loan. First, let's check you have everything ready!

The following documents are required to be uploaded throughout the application process, so please take this time to ensure you have digital copies of everything ready to upload.

Sole Trader Document Requirements

Completed Application Form*

Yes

Please click here to download the form. The form must be dated, signed and verified with your business stamp where applicable.

Certificate of Registration*

Yes

Vat Registration/Letter signed by BIR indicating that registration is in progress*

Yes

Board of Inland Revenue (BIR) Registration/Letter signed by BIR indicating that registration is in progress*

Yes

NIS Compliance Certificate*

Yes

Evidence of being up to date up to the year ended 31st December, 2018 with payments for taxes and VAT or a letter from BIR indicating that appropriate arrangements with the BIR to settle the obligations*

Yes

Two (2) forms of valid National Identification*

Yes

Proof of Address for Owner (not older than 3 months)*

Yes

Evidence of Trading Address (if different from the proof of address above)*

Yes

Audited Financial Statements / Management Accounts for two (2) years*

Yes

If unavailable, please complete our Balance Sheet and Income Statement template (refer to First Citizens Balance Sheet and Income Statement Template).

Cash Flow Projections for one (1) year*

Yes

If unavailable, please complete our Cash Flow Projections template (refer to First Citizens Cash Flow Template).

Proof of registration with the FIU (as applicable for a listed business)*

Yes

No, this is not applicable

License/permit to operate the type of business (as applicable)*

Yes

No, this is not applicable

Personal Financial Statement for the Owner*

Yes

Please click here to download the form.

Bank statements for the business (for the last 12 months)*

Yes

A completed eFIRST online banking registration form*

Yes

No, my business account is already registered with eFIRST

A completed eFIRST online banking registration form is applicable to all new customers, and existing customers who aren't registered with eFIRST - click here to download.

Partnership Document Requirements

Completed Application Form*

Yes

Please click here to download the form. The form must be dated, signed and verified with your business stamp where applicable.

Certificate of Registration*

Yes

Vat Registration/Letter signed by BIR indicating that registration is in progress*

Yes

Board of Inland Revenue (BIR) Registration/Letter signed by BIR indicating that registration is in progress*

Yes

NIS Compliance Certificate*

Yes

Two (2) forms of valid National Identification for each Partner*

Yes

Proof of Address for all Partners*

Yes

Evidence of Trading Address (if different from the proof of address above)*

Yes

Audited Financial Statements / Management Accounts for two (2) years*

Yes

If unavailable, please complete our Balance Sheet and Income Statement template (refer to First Citizens Balance Sheet and Income Statement Template).

Cash Flow Projections for one (1) year*

Yes

If unavailable, please complete our Cash Flow Projections template (refer to First Citizens Cash Flow Template).

Proof of registration with the FIU (as applicable for a listed business)*

Yes

No, this is not applicable

License/permit to operate the type of business (as applicable)*

Yes

No, this is not applicable

List of Current Receivables and Payables*

Yes

Partnership Agreement*

Yes

No, we don't have a partnership agreement document

If none exists, this must be stated in the letter of request document.

Borrowing resolution*

Yes

Personal Financial Statement for each Partner*

Yes

Please click here to download the form.

Bank statements for the business (for the last 12 months)*

Yes

A completed eFIRST online banking registration form*

Yes

No, my business account is already registered with eFIRST

A completed eFIRST online banking registration form is applicable to all new customers, and existing customers who aren't registered with eFIRST - click here to download.

Limited Liability Company Document Requirements

Completed Application Form*

Yes

Please click here to download the form. The form must be dated, signed and verified with your business stamp where applicable.

Two (2) forms of valid National Identification for all Directors, Shareholders and Account Signatories*

Yes

Certificate of Incorporation/ Continuance*

Yes

Articles of Incorporation/ Continuance*

Yes

Vat Registration/Letter signed by BIR indicating that registration is in progress*

Yes

NIS Compliance Certificate*

Yes

Board of Inland Revenue (BIR) Registration/Letter signed by BIR indicating that registration is in progress*

Yes

Notice of Directors and Secretary*

Yes

Notice of Address*

Yes

Company By-Laws*

Yes

No, our company does not have company by-laws

If none exists, this must be stated in the letter of request.

Proof of registration with the FIU (as applicable for a listed business)*

Yes

No, this is not applicable

License/permit to operate the type of business (as applicable)*

Yes

No, this is not applicable

Information on identity of shareholders holding 10% or more of paid up share capital including one (1) form of valid national identification*

Yes

This may be evidenced on the Company’s last filed Annual Return, or the letter of request signed by the Company Directors and/or Secretary stating this information.

Audited Financial Statements / Management Accounts for two (2) years*

Yes

If unavailable, please complete our Balance Sheet and Income Statement template (refer to First Citizens Balance Sheet and Income Statement Template).

Cash Flow Projections for one (1) year*

Yes

If unavailable, please complete our Cash Flow Projections template (refer to First Citizens Cash Flow Template).

Company Resolution*

Yes

No, this is not applicable

This represents the signed consent of all Directors & Secretary (or quorum of Directors) of the Company to open an account at the Bank, and affixed with the common seal/ stamp of the Company (if prescribed for use in the Company’s By-Laws). It must indicate the names of the authorized account signatories, their specimen signatures and specific signing authorities.

Personal Financial Statement of each Director*

Yes

Please click here to download the form.

Borrowing resolution*

Yes

Up to date Annual Returns*

Yes

List of Current Receivables and Payables*

Yes

Bank statements for the business (for the last 12 months)*

Yes

A completed eFIRST online banking registration form*

Yes

No, my business account is already registered with eFIRST

A completed eFIRST online banking registration form is applicable to all new customers, and existing customers who aren't registered with eFIRST - click here to download.

THIS LOAN IS AVAILABLE THROUGH FIRST CITIZENS

Check if you are eligible to apply

An initiative of the Government of Trinidad and Tobago Coronavirus (COVID -19) business support

Answer the quick questions below to determine eligibility!

We're sorry!

Great news!

Sole Trader Document Requirements

Partnership Document Requirements

Limited Liability Company Document Requirements

What to do next?