On December 12, 2012, the Board of Directors of the Caribbean Development Bank (CDB) approved a loan in the amount of 20 million United States dollars (USD20 mn) to assist SLB to finance its lending programme for financial year 2012/13. A Technical Assistance grant component valued at USD175,000 was included for the institutional strengthening of Students' Loan Bureau.

Project completion was projected for March 2013, however actual completion occurred in March 2014