Help and Frequently Asked Questions
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
This is an interest free loan to be repaid within 7 years.
Loan proceeds can be utilized for the following purposes only:
(i) Assist with working capital support
(ii) Finance salary payments
(iii) Purchase raw materials, goods, supplies, equipment, machinery, including vehicles but excluding however vehicles for personal use
(iv) Purchase fixed assets excluding purchase of residential property and financial assets/products
(v) Provide additional funding to entities previously granted facilities under Phase 1 subject to satisfying all conditions including standard credit criteria. To qualify, firms must not be 120 days or more in arrears of payments on existing loans.
Yes. You are required to repay the principal only. The interest payment will be paid by the Government of Trinidad & Tobago; however, no payments are required for the first 2 years.
No. Interest on this loan will be paid by the Government of the Republic of Trinidad and Tobago.
The loan amount is allocated based on annual revenue. The loan limit is between TT$150,000 and TT$600,000.
Annual Revenue (TT) | Maximum Loan Limit (TT) |
$500,000 – $6,000,000 | $150,000 (Minimum loan amount) |
Over $6,000,000 – $10,000,000 | Up to $250,000 |
Over $10,000,000 – $15,000,000 | Up to $375,000 |
Over $15,000,000 – $20,000,000 | Up to $500,000 |
Over $20,000,000 – $25,000,000 | Up to $600,000 (Maximum loan amount) |
Yes. You will be able to apply for the loan limit that corresponds to your annual revenue based on the table above.
Please see checklists for details about all of the documents you will need to submit as part of your application. The checklist varies depending on whether you are a sole trader, partnership or limited liability company.
No. The facility will be 100% guaranteed by the Government of Trinidad and Tobago.
No. Upon approval of your loan, you will be required to open a First Citizens business chequing account and subscribe to eFirst.
Yes. We take this opportunity to update your existing records with us.
Customers will be contacted within 2 business days of submitting their application. Processing times will vary.

THIS LOAN IS AVAILABLE THROUGH FIRST CITIZENS