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LOANS
NEDCO’s Small Business Financing service is geared towards supporting micro, small and medium size enterprises in achieving their business’ goals. Our loan process assists clients to be financially capable and competitive, whilst ensuring their business operations are compliant with the requirements specific to their sector.
We provide financial services for a wide range of businesses with the exception of primary agriculture, gambling and the purchase of alcohol. Select either the Loan Application or Loan Discussion buttons to start the process of meeting your business’ financial needs and becoming a NEDCO client. Since 2002, we have assisted thousands of entrepreneurs to establish, build and expand their businesses and we look forward to helping you do the same.
LOAN PRODUCTS
Double Up For Success Loan Promotion
50/50 MSE Loan Promotion
Insurance Loan
Refinancing Loan
Standard Loan
CNG EcoDriver Loan Promotion
Should I apply for a loan to finance my business?
BRANCHES
SERVICES
HELP
Steps to Starting Your Business
Steps to Starting Your Business
Do you want to start your own business? This course is for you! You will learn about the important steps to be followed when starting a new business, such as the registration process, etc.
At the end of this training, YOU should be able to:
- Understand the skills and attributes needed to be an Entrepreneur;
- Understand the different types of businesses;
- Understand the steps for starting a business;
- Identify the major challenges with starting a business;
- Appreciate the factors to be considered when starting a business in Trinidad and Tobago.
Understand the importance of business planning;
Information Technology
This course will teach you how to use the Internet, Microsoft Suite, and other professional platforms for your business.
At the end of this training, YOU should be able to:
- Understand the concept of social media;
- Understand basic internet research techniques;
- Understand the features of email systems and the steps involved in opening and managing an email account;
- Set up accounts to maximize your customer reach;
- Understand how to use the most important features of Microsoft Word, Excel, and PowerPoint;
- Build relationships through online engagement and develop a loyal social media following;
- Utilize Microsoft Word to prepare monthly reports;
- Utilize Microsoft Excel to prepare a balance sheet, income statement, record inventories, record daily sales expenses, and analyze revenue & expenditure trends;
- Use the internet to market your products and services;
Managing Your Workforce
Being able to successfully manage staff is paramount. In this course, you will learn basic Human Resources (HR) practices that you can implement to effectively manage your staff.
At the end of this training, YOU should be able to:
- Understand the fundamentals of HR as it relates to recruitment and selection, performance appraisal, remuneration, rewards, promotion, staff discipline, and succession planning;
- Understand the legal framework as it relates to NIS and PAYE;
- Appreciate the importance of recruiting and retaining the right people.
Business Etiquette and Protocol
Business etiquette and protocol are crucial in maintaining productive relationships with all your stakeholders. By participating in this course, you will learn appropriate guidelines, rules, and protocols to be adopted when conducting business.
At the end of this training, YOU should be able to:
- Understand the key aspects of business presentations;
- Understand and utilize the appropriate communication methods within the business environment;
- Demonstrate suitable protocol and etiquette for the business environment;
- Appreciate the importance of business etiquette and protocol to SMEs.
Buying and Stock Control
This course explains the steps to follow when buying and exposes participants to the elements of stock control.
At the end of this training, YOU should be able to:
- Design a process that ensures efficiency in your buying techniques;
- Create a system to record the stock coming in and going out of your business;
- Effectively manage your supply chain.
People and Productivity
This course will expose participants to what productivity is and how they can influence the people in their organization to be highly productive.
At the end of this training, YOU should be able to:
- Effectively manage your human capital;
- Build a productive workforce;
- Manage employees’ complexities;
- Boost employee morale;
- Build a safe and healthy workforce.
Corporate Governance and Legal Instruments
In this course, participants will understand the legal requirements for owning and operating a limited liability company.
At the end of this training, YOU should be able to:
- Understand the importance of recorded meetings and other legal obligations for limited liability companies;
- Understand the pros and cons of registering a limited liability company and the registration steps involved;
- Understand the legal roles and responsibilities of the Directors and Secretary;
- Identify the required forms and documents to be maintained by the company;
- Explain the ownership structure of your company, shareholders, and the process of issuing shares;
Competitive Strategy
This course will expose participants to the fundamentals of competitive strategy. It will also assist participants in creating strategies for their business that enhances their competitiveness and positioning in the local or international market.
At the end of this training, YOU should be able to:
- Explore strategies for improving competitive strategy;
- Understand the Competitive Advantage Strategy Management Process;
- Analyze how businesses choose strategies to attain competitive advantage;
- Identify gaps in your business strategy;
- Develop an action plan for your competitive strategy.
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National Entrepreneurship Development Company Limited