About NEDCO
Where are the NEDCO offices Located?
NIB Building QPE Port of Spain
Eastern Main Road Tunapuna
Southern Main Road Chaguanas
Glen Road Tobago
Independence Ave San Fernando
What is NEDCO's interest rate?
8%
True or False: NEDCO offers training and guidance on how to register your business.
True.
What does the acronym MSME stand for?
Micro, Small and Medium Entreprises.
Which is correct? BAP means Business Advisory Program or BAP means Business Accelerator Programme
Business Accelerator Programme
What does BAP stand for?
Business Accelerator Programme
True or false: I need to submit a Business Plan to obtain a NEDCO Loan.
False
Which form of business has only one owner?
Sole Trader
I want to start a small business so my first step is to: a) Obtain Funding b) Register my business name or c) Flesh out my idea
C. Having a solid and researched business idea is the first step to small business ownership.
At what age can you join the BAP Programme?
18 years +
In what year was NEDCO formed?
2002
How much funding can a first-time borrower access?
$250,000.00
List three forms of businesses
Any three: Sole Trader,Partnership, Limited Liability, Cooperative, Non-Government Organization
What is the foundational activity for running a successful MSME?
Record keeping and Cash Management is the foundational activity.
Currently the BAP is in it's (Blank) cohort.
Third
Name 3 types of businesses that are not funded by NEDCO.
Casino, Primary Agriculture, Real Estate
The CNG Loan partnership is done in conjunction with which company?
Burmac
What is the name of the online site for registration of a business?
Companies Registry Online System (CROS)
True: NEDCO offers Training and business advisory to help MSMEs with financial planning and management.
NEDCO is an agency of which Ministry?
Ministry of Youth Development and National Service
Which NEDCO loan product has a 7-year repayment period?
NEDCO's NEW Vehicle Loan
What are the first two steps you must take when registering a new business?
Signing up for a Company's Registry Account (CRA) and Conducting a Business Name Search.
Can you name four business training courses offered by NEDCO?
Recordkeeping Cash Management, Costing and Pricing, Tendering for Contracts and Marketing for MSMEs. etc
Is it true that NEDCO's BAP is a new loan product at NEDCO?
False: BAP is a business development programme offering Training, Business Advisory, Mentorship, Networking, and Pop-up shops etc