Graduate Training Programme
Small Business Awards

Issue 1 2004

Transportation, Plant, Equipment & Vessels

Do You Meet The Following Requirements?

  • Are you a sole-trader, Partnership, Limited Company, or Cooperative?
  • Are you at least 21-years-old and a Citizen of Fiji
  • Have a business that is 100% locally owned
  • Own or Intending to Purchase a business which has an annual turnover of $50,000 and below
  • Belong to an ethnic group Other Than a Fijian, Rotuman or Eligible General Elector of Melanesian or Polynesian or Micronesian origin?

Further, Do You:

have your project situated within 1km of a government feeder road (if on Viti Levu or Vanua Levu) OR situated within 3km of the nearest inter-island port of call if on an outer island

(to adequately cover loan amount and may include)
  • Mortgage
  • Debentures
  • Joint & Several Guarantees made by Shareholders and Directors of the Company
  • Bill of Sale,
  • Any other security
  • Businesses with annual turnover of above $50,000
  • Purchase of vehicles of 3 tonnes and below
  • Loans for taxis in Suva and Nausori
Equity Contribution Minimum of 20% of the Total Project Cost
Interest Charges
First $50,000 8% per annum
In excess of $50,000 13.5% per annum
Interest subsidy of 5.5% up to $50,000 per applicant
Vehicle Type Loan Term
New Taxis and Hire Cars 5 years
New Utilities and Vans 3 years
New Trucks 4 years
Used Vehicles of 3 years 3 years
Tractors and Heavy Rolling Equipment 7 years
Plant & Equipment 10 years or working life, whichever the shorter

Documents To Be Provided When Lodging Your Application

  1. Business Plan
  2. All Vehicles – LTA Certificate of Road Worthiness
  3. 3 Quotations for the Fixed Asset to be purchased
  4. Contractual Agreement
  5. Financial Statement for last 2 years (for established businesses)
  6. Income & Expenditure Statement and Cash Flow Projections for 3 years (for new businesses)
  7. For Taxi Operators – A Taxi Permit and a Taxi Base
  8. For Hire Care Operators – A Hire Plate Licence
  9. Evidence of Equity Contribution
  10. Details of Other Borrowings with confirmation

Call Your Nearest Branch For More Information

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Fiji Development Bank
360 Victoria Parade
PO Box 104
Tel: 679 - 331 4866 Fax: 679 - 3314886
Email: info@fijidevelopmentbank.com