o Partner bank appraises loan application
o If application satisfactory but collateral insufficient, partner bank applies to CBSI for application to be covered under guarantee scheme.
o Nomination
o Applicant cannot apply directly to the CBSI. Partner bank after carrying out due diligence will be the authority to nominate applicant’s application to be covered under the guarantee scheme.
- Contact the BCD Division for more information
BCD - General Contact
- Contact the CBSI
- Contact the POB
o Further information
o The participating partner bank will assess the loan application you submitted by looking at the viability of the project, the level of competency which you can undertake the business, your commitment to the project (money and assets that could be counted as security for the loan). If the bank appraises the application is viable under its normal loan assessment criteria and wants to approve the loan but find that you lack the security needed for the loan, then the bank will nominate the loan to be covered under the scheme.