SME Growth Initiative | EXIM Bank Jamaica:
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.
Flexible and Favourable Terms
Our interest rates are some of the most affordable and competitive in the market. 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.
Our interest rates are some of the most affordable and competitive in the market. 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
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.
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:
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:
Total Sales(Annual Turnover) are not to exceed JA$1billion
Number of employees is less than 250 person
Total Fixed and Current Assets is less than JA$300million
Number of employees is less than 250 person
Total Fixed and Current Assets is less than JA$300million
How to Apply see additional information here
Good luck with your loan application! If you need help. Contact Crowe Horwath Jamaica , we can help you! Email:info@crowehorwath.com.jm or Call us at 1876-9083124
Good luck with your loan application! If you need help. Contact Crowe Horwath Jamaica , we can help you! Email:info@crowehorwath.com.jm or Call us at 1876-9083124
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Crowe Horwath Jamaica (www.crowehorwath.com.jm) is one of the largest public accounting, consulting, and advisory firms in Jamaica . Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe Horwath Jamaica serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.
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