Small businesses are the bedrock of Sint Maarten’s economy. They are a major source of job creation and help encourage innovation; they also provide many of the products and services in our daily lives and contribute to the social cohesion of our island communities.

However, access to finance is a longstanding challenge to small businesses creation and growth, particularly among those run by women and young entrepreneurs. Moreover, this sector has been hit the hardest by the devastation of Hurricanes Irma and Maria and the COVID-19 pandemic.

Given the importance of small businesses, the NRPB as an implementing agency for the Trust Fund launched the Enterprise Support  Project (ESP). This project aims to support their recovery through direct financial assistance in order to contribute to the restoration of economic activity in Sint Maarten. This involves corporation with financial institutions, such as commercial banks and social lenders, that offer loans and grants to assist small businesses and enhance their services.

Eligibility Criteria

• For-profit enterprises with a maximum average monthly revenue of Naf. 100,000 (≈ US$55,866)
• Registered with the Tax administration and up to date at the Chamber of Commerce and Industry
• Compliant with Sint Maarten’s environmental policy and the World Bank’s social and environmental requirements
• Operated within an eligible sector (ineligible sectors include, e.g. land purchase, weapons and gambling). Funding for heavy earthwork machineries such as bulldozers, excavators and front loaders is also excluded. The full list of excluded activities is part of the supplemental application form as published here.

How do we support local small businesses?

We offer three packages:

Asset and Repair (AR) (up to US$150,000)

  • 65% grant and 35% loan
  • Assets (A) must be productive assets with the ability to generate profits
  • Non-structural Repairs (R) refers to minor repairs such as painting, plastering, tiling, and basic roof repair. It excludes load-bearing components
  • All AR packages must contain a loan for 35%

Working Capital Loans (WC) for existing expenditure, e.g. inventory, rent or GEBE bills up to US$60,000

  • 100% loan

Refinancing of Loans up to US$20,000 to free up collateral

  • The loan must have originated before the launch of the ESP
  • The loan must be performing
Application process
Participating financial institutions
Are you a small business looking for financing?

Whatever business phase you are in, from startup to mature, our partners can assist you in providing financing for your investment needs. From beauty salons to construction companies, you can get in touch with the bank of your choice.

For further details on the Enterprise Support Project contact

Q3 and Q4 indicators
Awarded Contracts
Construction Quotation Template
Taxation of a grant on Sint Maarten
Requirements for B.V. and N.V.
Requirements for sole proprietors
Beneficiary Agreement
Business and Feasibility Guide
Definitions and Abbreviations
Environmental & Social Management Framework
Frequently Asked Questions
Grievance Redress Mechanism
Ineligible Use of Funds
Project Operations Manual
Supplemental application form

Discover in this video how the Enterprise Support Project can help you unleash the potential of your small business.