Business Reactivation Facility

The Beryl Business Reactivation Facility offers a combination of grants and
concessionary loans to support businesses affected by Hurricane Beryl in
Carriacou, Petite Martinique and the northern part of Grenada.

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Key Features of the Facility


1. Loan Component


Loan Amount: Up to EC $500,000 based on business needs


Interest Rate: 1% to help businesses recover

Collateral/Security: options include property, mortgages, cash, equipment,

etc.


Repayment Terms: Up to 10 years with a 1-year grace period


Use of Loan: Can be used for rebuilding, equipment, inventory and working

capital.

2. Grant Component

Debt Relief: Grants to cover debt service payments for up to six months.

Technical Support: Helps improve business resilience and competitiveness

Interested individuals can access application documents at:

• The GDB Beryl Relief Office in Carriacou (Resource Centre, Hillsborough)
• The GDB Office in St. George's, or
• Online through the following links:

Loan Application form:
https://forms.gle/ZoDHYTq6fhgEWZvy7  
Grant Application Form:
https://forms.gle/fyMFtT81XCVNLFre6

The GDB will conduct a comprehensive assessment of your application, based on your financial need, the scale of the damage, and the expected economic impact of the support.