SMTE Special Project (Tourism Enterprise)

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At EXIM Bank we recognise the important contribution that members of the Tourism sector and its Linkages make in creating jobs, earning foreign exchange and in economic development. The Tourism Enhancement Fund (TEF) has crafted this special loan facility to enable continued growth and sustainable development.

Borrow up to J$25 million at an interest rate of 4.5% per annum with up to 7 years to repay and up to 12 months moratorium on principal payments.

  • Upgrade or Increase your room capacity
  • Enhance & Expand your Attractions, Tours & Events
  • Finance Infrastructure Development & Maintenance
  • To finance working capital

The SMTE Loan Facility is open to qualified entities within the Tourism Sector, the Tourism Linkages Networks and to Manufacturers and Suppliers to Hotels. Some of the categories covered include:

  • Small Accommodations
  • Attractions, Domestic Tours, Bike & Car Rentals
  • Gastronomy – Coffee shops & Restaurants
  • Produce Suppliers to Hotels
  • Shopping, Galleries
  • Sports & Entertainment
  • Manufacturers & Suppliers of goods & services to the tourism sector

Businesses must fall in one of the sectors/networks identified and must be in operation for at least 2 years to qualify for funding. Applicants must prove that they provide goods/services to the Tourism Sector and that 25% of their revenues are generated from services to the Sector.

Additionally, all applicants must demonstrate that the loan finds will enable their operations to contribute to the expansion of local tourism, employment and generate economic growth and sustainable development.

Yes. Acceptable collateral includes all negotiable securities e.g. mortgages on real estate, bills of sale on large saleable serialised equipment, cash hypothecations, bank guarantees, assignment of receivables, etc.

Loan Tenure:
Upon meeting the eligibility requirements, beneficiaries can access either Short-Term and Medium-Term loans.
Short-Term Loans: Get up to 1 year to repay
Medium Term Loans: Get up to 7 years to repay

Sector: Tourism

Purpose of Loan:


Currency:  ja