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Guarantee of Loans (Small Businesses) Act, 1998 (Cap. 345).

Pays/Territoire
Bahamas
Type du document
Législation
Date
1998
Source
FAO, FAOLEX
Titre complet
An Act to provide for the guarantee by the Government of the Commonwealth of The Bahamas of loans by financial institutions to small business and for purposes connected thereto.
Sujet
Agriculture et développement rural
Mot clé
Développement agricole Crédit Fonds spécial
Aire géographique
Amériques, Caraïbes, Amérique latine et Caraïbes, Atlantique Nord, Petits états insulaires en développement
Résumé

This Act grants power to the Government to provide guarantee to approved lenders for loans extended to small businesses and in particular to enterprises in the fisheries, forestry, horticulture and livestock sector. Lending institutions shall be approved by the Minister under this Act and such approved lender shall apply for a guarantee with the Minister in the prescribed form. The Act sets out duties and rights of a lender and conditions of a guaranteed loan. The Minister shall establish a Loan Guarantee Fund for purposes of this Act.

Texte intégral
Anglais
Site web
laws.bahamas.gov.bs