SME Growth Initiative
Flexible and Favourable Terms
Are you looking to expand an existing business or even start your own enterprise and need affordable financing to take you to that next level… then EXIM Bank’s SME Growth Initiative is the solution for you!Borrow up to the Jamaican equivalent of US$500,000 to purchase equipment and to improve and upgrade your existing facilities. You may also use the funds for …working capital, market research and a portion may even be used for debt financing.
Our affordable interest rate of 12% p.a on the reducing balance, along with a 6 month moratorium on principal payments allows you to extend your vision into bigger plans. Take as long as four years to repay the loan.
Loan Period
Maximum 4 years inclusive of a 6 month moratorium on principal payments only, applied on an 'as required' basis
Eligible Borrowers
To be eligible to access this facility, your business must earn less than $360million annually with a net worth below J$100 million.
Companies must be operating in Jamaica and be a part of the productive sector such as export ,manufacturing, tourism and related services, creative industries, professional services and the mining & extraction industries.
SME Classification
The business must be established and operating in Jamaica, and a producer of goods or services. Eligible applicants must satisfy at least one of the following:
- Net worth is less than J$100 million
- Total Sales are not to exceed US$5 million
How to Apply
You can access this facility through your Banker, as it is quite likely that they are one of our Approved Financial Intermediaries. Otherwise you can apply directly through the EXIM Bank.
Expect to SUCCEED with EXIM Bank.
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