Development Finance Limited began life in the 1970s as a state enterprise known as the Trinidad and Tobago Development Finance Company (TTDF) with a mandate to provide financing for business development to the SME (Small and Medium Enterprise) sector. Since 2011 the company has gone through a major restructuring and has widened its product offering to better serve the needs of its market. In addition to long-term commercial financing, the company has added Merchant banking and FOREX services. Development Finance's mission is to provide funding and project structure for all corporations, small, medium or large that are engaged in development, expansion or infrastructure activities which benefits the growth of Trinidad and Tobago's economy as a whole. Development Finance is in the business of providing longer term financing to SME’s looking to vertically or horizontally expand, which the traditional banking sector lacks the expertise or willingness to underwrite due to the tenor and return on the loan. Development Finance adds value to the client by meeting this need as well as designing a set of activities to help ensure success of the project. All companies seeking financing must be financially stable and have experience in their respective industries. Development Finance will utilize its merchant banking license and focus on medium to large corporate clients looking to raise funds for expansion and development work and either assist them in arranging or underwriting their requirements through their own corporate issue or a Development Finance asset back bond issue and sell these positions to investors. To add value to its clients, which may find it difficult to raise funding the company will utilise its Tax Exempt Bond structure, which is tax exempt for investors, thereby raising the yield to such investors.