Intermediary Relending Program

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Do you need funds for community development projects, to create a new business or expand an existing  one?  Do you want to create employment opportunities, save existing jobs or hire persons that have a low income for your business?  If so, this program might be for you.

Lending Limit: 
$100,000
Interest Rate: 
Wall Street Journal Prime + 1.5% Fixed
Requirements: 
  • Available only to applicant businesses located in the District of St. Thomas/St. John
  • Must be citizens of the United States or reside in the United States after being legally admitted for permanent residence
  • Application fee of $150.00;
  • A commitment fee of one percent (1%) based on the loan amount upon approval;
  • Borrower must have a favorable credit rating and be current in his obligation with the U.S. Internal Revenue Service, and the Virgin Islands Bureau of Internal Revenue;
  • Cannot be used to repay a delinquent Federal, State or Local Income tax;
  • A denial letter from a local commercial bank is required and must include the date, loan amount, purpose of loan and reason for denial.
Application Process: