Service Operations

This refers to the following business types

• Hotel and Tourist Attractions

• Catering

• Construction

• Repair of motor vehicles

• Laundry & Dry Cleaning

• Funeral Parlours

• Gardening & Landscaping

• Hair Salons

• Arts & Crafts

• Beauty Salons

• Medical Services

• Phones Shops

• Recycling services

• Upholstery

• Sewing & Knitting

• Security Services

• Driving Schools

• Printing & Publishing

• Engineering Services

• Secretarial Services

• Video Production Services

• IT Systems

• Travel Agencies

• Insurance, Debt Recovery and Glass Works etc.

Normal CEDA criteria for assessing the above mentioned apply, which in principle requires the below:

• Trading area to be secured and lease agreements to be in place

• Appropriate land use documentation to be availed

• Projected profitability

• Sustainability

• Good credit rating for promoters

• Relevant managerial expertise

• Evidence of sustainable market

• Anticipated growth of business and

• Good security to be held by agency.

Requirements

In general, the following documentation is required:

• Existing Businesses

• Tax clearance certificate

• Historical Financials

Other Documents Required

• Financial projections

• Company resolution to borrow

• Certified copies of IDs

• Personal Balances sheets of Directors

• Business Plan

• Market brief document

• Cover letter for loan application

• CVs of Directors/Management

• Certificate of Incorporation plus related documents

• Share Certificates

• Quotations from suppliers

• Copy of Trading Licence (where applicable)