Receivables Financing

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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 $12,000.00 (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 365 days