JEA/ JMA Loan Programme | EXIM Bank Jamaica

JEA/ JMA Loan Programme | EXIM Bank Jamaica: "EXIM Bank, in conjunction with the Jamaica Exporters' Association (JEA) and the Jamaica Manufacturers' Association (JMA), offers loan facilities on a revolving basis to Exporters and Manufacturers.  Exporters can borrow up to J$2 million, and manufacturers up to J$1.5 million.  No collateral is required; however applicants must be able to demonstrate their credit-worthiness and their ability to service the loan.

Purpose
This loan facility enables credit worthy exporters and manufacturers, to finance their working capital requirements and to purchase light equipment on concessionary terms of financing.

Loans are available for…

Raw Material Purchases, repayable in 120 days
Receivables Financing, repayable in 120 days
Light equipment purchase, repayable up to 18 months
Interest rates on Ja$ loans range between 10% – 11.5%p.a. on the reducing balance.

Eligibility Requirements
Applicants must employ less than fifty (50) permanent persons and meet at least one the following eligibility requirements:"

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