Guarantee of Loans (Small Businesses) Act, 1998 (Cap. 345).
Country
Type of law
Legislation
Abstract
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.
Attached files
Web site
Long title of text
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.
Date of text
Notes
Reprinted version of Act No. 25 of 1998 as at 31 December 2009.
Repealed
No
Source language
English
Legislation Amendment
No