Manchester Co-operative Credit Union (1977) Limited’s COVID-19 Response Learn More

Small Business Loan

The Small Business Loan was established to foster and support the spirit of entrepreneurship among our members.

10% Share Requirement.

Up to 18 months to repay.

Flexible Repayment Cycle (weekly, fortnightly or monthly).

Affordable interest rates.

Maximum loan amount of $100,000.00 per member.

Up to three (3) members may be granted separate loans towards the same project.

This loan may be granted for any business related activity.

*Conditions Apply

Requirements For All Loan Applications

  • Job Letter
  • Last three (3) month’s payslips
  • Financial Statements (self-employed individuals)
  • Verification of purpose
  • Id (Passport, Driver’s Licence or National ID)
  • Taxpayer’s Registration Number (TRN)
  • Credit Union passbook

You may need one or more of the following depending on the type of loan being applied for

  1. Valuation Report
  2. Motor Vehicle Title, Fitness & Registration/ C87
  3. Quotation of Comprehensive Insurance
  4. Registered Title
  5. Surveyor’s Id Report
  6. Certificate of Payment of Taxes
  7. Character Reference
  8. Credit Reference
  9. Guarantor(s)
Disclaimer: The terms and conditions of the products are subject to change from time to time. Please confirm the current terms and conditions with a Member Service Representative.