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Receivables Financing Loan Facility

TOURISM LINKAGE COMPANIES RECEIVABLES FINANCING

As the Bank continues its thrust to boost the productive capacities of non-traditional exports, such as Tourism, Manufacturing, Agro-processing, Mining, the Service Industry, Information Communication and Technology and the Creative Industries, specific focus is now being placed on linkage service companies that play a pivotal role in the growth and development of these sectors. 

Taking into account the functional requirements of entities operating in the important  Tourism Linkages sub-sector, EXIM Bank has developed a special Receivables Financing Loan Facility tailored to meet the funding requirements of these linkage companies.

WHO CAN BENEFIT?

Tourism linkage companies that operate as:
In-bond merchants
• Janitorial service providers
• Fresh produce suppliers
• Car rental companies
• Linen/textiles companies
• Landscaping service providers
• Other providers of goods and services

HOW CAN YOU BENEFIT?

Transform your business with an EXIM Bank Receivables Financing loan and benefit from one time payment of receivables, hassle-free financing, unsecured line of credit and balloon payment at the end of the loan period. Loans are offered on a short or medium term basis at very competitive interest rates and may be used to finance the following:

Short-Term Loans:

Working Capital
• Pre-shipment Financing
• Post-shipment Financing

Medium-Term Loans:

Equipment Acquisition
• Facilities Refurbishment/Upgrading

SPECIAL CONDITIONS

• Facility will be open to all suppliers based on the recommendation of participating hoteliers/attractions
• All applicable fees will be payable upon approval of the facility
• Processing fee of $5,000.00 (plus GCT of 16.5%) will be applied to each transaction of up to J$1- million
Transactions above J$1-million will attract a processing fee of $7,500.00 (plus GCT of 16.5%)
• Loan period for short-term loans will be extended for a maximum of 120 days
• Loan period for medium-term loans will be extended for up to 60 months

WHERE TO APPLY?

Apply directly at 85 Hope Road, Kingston 6 (the former Blue Cross building). or visit our website for application forms and a list of required documents. You may also arrange to meet with our Western Representative, Jerome Newton. Telephone: 452-2898 or e-mail: jnewton@eximbankja.com.

EXIM Bank will assist you in “Realizing Your Productive Promise” and you can “Expect to Succeed”!