Entrepreneurs & Startups
Home Entrepreneurs & Startups

Entrepreneurs & Startups

GEDA supports the development and expansion of businesses with an array of programs and initiatives supporting small business growth and helping entrepreneurs maximize opportunities for success.

For more information, please contact Gloria Molo at 671.647.4332 ext 151

Loan Programs

Guam Development Fund Act (GDFA)

The purpose for GDFA is to provide financial assistance through loans and loan guaranties to private enterprises and industries thus promoting the economic development of Guam. The Guam Economic Development Authority (GEDA), a public corporation, was charged to assist in the implementation and administration of GDFA.

This program is targeted at businesses that are engaged or about to engage in activities in the areas of agriculture, fishing, manufacturing, tourism, and their support industries. GDFA enables start-ups and existing businesses to secure long-term financing for the acquisition of long-term fixed assets, working capital needs and to provide funding for the purchased of supplies and inventory.

  1. Two (2) written denial letters from private, commercial lending institutions.
  2. Individuals must be U.S. Citizens or permanent resident aliens who are residents of Guam.
  3. Project must fit at least one of the following loan categories:
    • Agriculture
    • Fishing
    • Manufacturing
    • Tourism
    • Support industries for the above entities
  4. The business must meet one of the following criteria.
    • Creation of employment
    • Replacement of imports
    • Reduction of consumer prices
    • Creation of a vitally needed facility
  5. Applicants must be a registered business and have a valid Guam business license.
  • Direct Loans
  • Line of Credit
  • $1,200,000.00
  • TBD by risk factors and use of funds
  • Interest rate is up to 4% + U.S. Treasury Index Rate
  • Start-up costs
  • Working capital
  • Leasehold improvements
  • Furniture, fixtures, and equipment
  • Purchasing, construction, renovation or improvements of an eligible place of business
  • Fees associated with construction of business

UPON SUBMISSION

  • Application Fee: $20.00
  • Credit Report Fee: $10.00 per applicant
  • UCC-3: $10.00 each

 

UPON CLOSING

  • Processing Fee: $100.00
  • Origination Fee: 2% of loan amount
  • UCC-1: $10.00 each
Downloads

Agriculture Development Fund (ADF) 

The Agriculture Development Fund (ADF) loan program is a joint project with the Department of Agriculture and the UOG College of Agriculture and Life Sciences and is designed to aid in the development of locally produced agriculture products. Currently, the responsibility for its administration, financial and business management and marketing activities are vested with the Guam Economic Development Authority.

The program’s target market is limited to individuals, corporations and partnerships that engage in commercial agriculture businesses. Activities include the areas of agriculture, aqua-culture, horticulture, mari-culture, commercial fishing and other related areas. The program enables bonafide farmers and commercial farming enterprises to obtain a line of credit financing for working capital needs to provide funding for the purchase of supplies and inventory.

  1. Individuals must be U.S. Citizens or permanent resident aliens who are residents of Guam for at least 3 years.
  2. Applicants must obtain a written certification and recommendation from the Department of Agriculture and/or UOG Agriculture Natural Resources (ANR), Cooperative Extension Services (CES) identifying them as a “bonafide” farmer or commercial farming enterprise. Bonafide farmer(s) are individual(s) who are registered with the Department of Agriculture who commercially grow and harvest agricultural products for profit.
  3. The business must meet one of the following criteria:
    • Creation of employment
    • Replacement of imports
    • Reduction of consumer prices
    • Creation of vitally needed facility
  4. Applicants must be a registered business and have a valid Guam business license.
  5. Declination letters ARE NOT REQUIRED.
  • $250,000.00
  • Line of Credit: One (1) year
  • Interest rate is fixed at 4%
  • Purchase furniture, fixtures, equipment
  • Leasehold improvements
  • Working Capital
  • Business and personal assets
  • Personal guarantees
  • Real Property

UPON SUBMISSION

  • Application Fee: $20.00
  • Credit Report Fee: $10.00 per applicant
  • UCC-3: $10.00 each

 

UPON CLOSING

  • Processing Fee: $100.00
  • Origination Fee: 2% of loan amount
  • UCC-1: $10.00 each
Downloads

Guam Recovery Loan Program (GRLP)

The purpose of the Guam Recovery Loan Program is to provide financial assistance through loans and loan guaranties to private enterprises and industries, thus promoting the economic development of Guam. The Guam Economic Development Authority (GEDA), a public corporation, was charged with assisting in the implementation and administration of Guam Recovery Loan Program (GRLP).

This program is targeted at businesses that are engaged or about to engage in activities in the areas of agriculture, fishing, manufacturing, tourism, and their support industries. GRLP enables start-ups and existing businesses to secure long-term financing for the acquisition of long-term fixed assets, working capital needs and to provide funding for the purchase of supplies and inventory. Program to remain in effect through December 31, 2029.

  1. One (1) written denial letter from private, commercial lending institutions.
  2. Individuals must be U.S. Citizens or permanent resident aliens who are residents of Guam.
  3. Project must fit at least one of the following loan categories:
    • Agriculture
    • Fishing
    • Manufacturing
    • Tourism
    • Support industries for the above entities
  4. The business must meet one of the following criteria:
    • Creation of employment
    • Replacement of imports
    • Reduction of consumer prices
    • Creation of vitally needed facility
  5. Applicants must be a registered business and have a valid Guam business license.
  • Direct Loans
  • Line of Credit
  • $1,200.000.00
  • Full collateral 1% above U.S. Treasury Index Rate
  • Interest rate is fixed at 2% above U.S. Treasury Index Rate
  • Start-up costs
  • Working capital
  • Leasehold improvements
  • Furniture, fixtures, and equipment
  • Purchase, construction, renovation or improvements of an eligible place of business
  • Fees associated with construction of business

UPON SUBMISSION

  • Application Fee: $20.00
  • Credit Report Fee: $10.00 per applicant
  • UCC-3: $10.00 each

 

UPON CLOSING

  • Processing Fee: $100.00
  • Origination Fee: 2% of loan amount
  • UCC-1: $10.00 each
Downloads

BUSINESS RESOURCES 

Guam Small Business Development Center – https://www.pacificsbdc.com/locations/guam-sbdc 

 

Close Search Window
↑