Procedure
Apply via Agent
Apply In-Person
- The applicant shall submit an application along with the Project Summary to the Bahamas Development Bank.
- Visit the following link for Contact Details Contact Link.
- The application can be downloaded from the following link Project Summary Form, Personal Statement of Affairs Form
- Complete the application form with all details.
- After filling in all the details, submit the application form along with the supporting documents as mentioned in the “Required Documents” section to the Bahamas Development Bank.
- The applicant will receive a call from the bank officer within 24 hours, for additional information.
- The applicant can also fix an appointment with the bank to discuss on the project.
- The applicant will be asked to submit various supporting documentation once the project request has been confirmed to be eligible.
- A business plan is normally required for proposals over $20,000.
- Once the applicant submits the requested documents to the bank, the applicant shall receive a response between 30 to 45 days.
Apply Online
- The Applicants can make their loan request online also.
- The applicant shall email the application to cserv@bahamasdevelopmentbank.com.
- The application can be downloaded from the following link: Project Summary Form , Personal Statement of Affairs Form.
- Complete the application form with all details.
- After filling in all the details submit the Application Form along with the supporting documents as mentioned in the “Required Documents” section to the email id, cserv@bahamasdevelopmentbank.com.
- The applicant will receive a call from the bank officer within 24 hours, for additional
- The applicant can also fix an appointment with the bank to discuss on the project.
- The applicant will be asked to submit various supporting documentation once the project request has been confirmed to be eligible.
- A business plan is normally required for proposals over $20,000.
- Once the applicant submits the requested documents to the bank, the applicant shall receive a response between 30 to 45 days.
Required Documents
- Nationally identification document
- character and Bank references
- For other required documents please visit the below link: Checklist Link.
Office Locations & Contacts
Bahamas Development Bank
Cable Beach, West Bay St.
P. O. Box N - 3040
Nassau, N.P., The Bahamas
E-mail: cserv@bahamasdevelopmentbank.com
Phone: (242) 702-5700 (Nassau)
(242) 352-9025/6 (Freeport)
Fax: (242) 327-5047 (Nassau)
(242) 352-4166 (Freeport)
Contact Address Details Link:
Contact Link
Eligibility
The following are the eligibility criteria for various business structures:
Sole Proprietorship (Business is owned by a single individual)
- Bahamian citizens who are residing in the Bahamas and minimum age of 18.
Partnerships/Joint Ventures (Business is owned by two or more persons)
- Bahamian citizens who are residing in the Bahamas and minimum age of 18, and must own 60 percent of both the controlling and profit-sharing interests.
Limited Liability Companies (Incorporated under the Companies Act of the Bahamas)
- Bahamian citizens who are residing in the Bahamas and minimum age of 18 and at least 60% controlled and profit-sharing interests.
Fees
The Applicant will receive an estimate of all fees from the Officer, in addition to it a small application fee, along with an Administration fee, will also be charged.
Validity
Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever
Documents to Use
Application Form Link:
Link1,
Link2
Sample Documents
Please attach sample completed documents that would help other people.
Processing Time
The applicant will receive a response within 30 to 45 days after submitting the required documents to the Bank.
Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.
Instructions
Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since january 1908.
Required Information
- Name
- Date of Birth
- Age
- Marital Status
- No. of Dependents
- National Insurance No.
- Date of Expiry
- Passport No
- Date of Expiry
- Name/Address/ Contact of the Land Lord
- Previous address
- Spouse Name
- Date of Birth
- Next Kin/Address/Contact/Relationship
- Next Kin/Address/Contact/Relationship
- Name of Bank /Financial Institutions where the applicant has any judgement /legal Proceedings
- Previous Borrowing detailed information
- Name of the Employer
- Telephone
- Employment date
- Present annual Salary
- Occupation
- Position
- Previous Employment details
- Detailed financial information
Need for the Document
It is required to apply for a loan with the Bahamas Development Bank.
Other uses of the Document/Certificate
Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.
External Links
Place some external links which might help.
Others
More information which might help people.