Access key information on financing options for your business in Curaçao, including loans, grants and investment opportunities.
Unlocking Your Business Potential: The Power of Financing
Embarking on the journey of entrepreneurship is exciting, but it also requires a strategic approach to finances.
Whether you’re launching a startup, expanding an existing venture, or simply seeking to optimize operations, having the right funding can make all the difference for growth and success.
When faced with financial challenges, it is easy and common to think about approaching a commercial bank for a loan or some sorts of funding. Luckily, there are more options for the local entrepreneur or business owner in Curacao. Therefore, it is a smart consideration to gain access to financial support for your business, whether it is to start- up or expand, innovate in your existing business or purchase inventory or equipment. Exploring all your options in order to make a more conscious decision that fits both you and your business better, is always a smart and strategic approach. The ministry of Economic Development is closely related to the institutions below with the goal to facilitate the process for the entrepreneurs to turn their dreams and ideas into reality. Consider working with a financial institution to your most convenient extent with the aim to develop a plan that fits your goals and helps your business thrive as your ultimate goal.
Qredits
Qredits is a lean organization and has adopted a new sustainable approach to microfinance which is a blend of traditional personal banking with a highly sophisticated IT support system. Their goal is to help entrepreneurs make their dreams a reality, trusting in the strength of entrepreneurship and good plans. Qredits helps entrepreneurs to successfully start or invest in their company by offering mentoring, online tools and tailored loans to micro and small business owners up to a maximum of Nafl. 100.000,-. For more information about the procedure and requirements for application or to know more about Qredits as an organization, please visit qredits.com.
Korpodeko
Korpodeko is categorized as a credit institution and falls under the supervision of the regulatory environment of banks and credit institutions by the Central Bank of Curaçao and St. Maarten. Therefore, Korpodeko complies with the Central Bank as well as international regulations.
Korpodeko provides financial support to businesses of all sizes and sectors by offering different types of loans including micro- financing up to a maximum of Nafl. 3.500,-. If your business strives for innovation, promises employment generation, import substitution, export promotion, and contributes to the robust economic growth of Curaçao, please refer to the original website of korpodeko.cw ror a more in depth provision of information and to explore for yourself what this credit institution can do for you and your business.
OBNA
OBNA is an established development bank for Curaçao, Sint Maarten, and the BES islands with the objective of promoting the execution of projects that, in the opinion of the bank, are important for the economic development of Curaçao, Sint Maarten, and the BES islands. The bank is subject to supervision by the Central Bank of Curaçao and Sint Maarten. OBNA empowers entrepreneurs, existing businesses and governments by providing capital, knowledge and networks to support sustainable (social) economic development and human empowerment on the islands aforementioned.
OBNA grants financing for projects in all the main industries that carry an added value to the economic and social value of the islands. The bank offers tailormade financing solutions and can also act as an agent in consortium financing. Take a look at the official website of obna-bank.com to learn more about their lending possibilities and requirements.
During your search for the best possible solution and option on the market, keep an open mind and be flexible in order for you to make the best choice for your business. Therefore, you can also still decide to approach a commercial bank for financing or turn to new and alternative options such as crowdfunding. Just know that you are never restricted to only one type of funding specifically and a combination of these funding solutions can also be possible. Explore, inform yourself enough and be receptive to more options without limiting yourself in advance.