NIF SME Line of Credit

Opportunity ID: 
DBJ-2014-68
Institution Type: 
Government
Institution: 
Development Bank of Jamaica
Type of Financing: 
Loan
Minimum Amount: 
Maximum of J$15M per entity or group. Rate to end user is 10% (Interest Rate subject to annual review)
Tenure: 

Repayment period will be up to 7 years, including a maximum of 6 months moratorium on principal payments.

Qualification Criteria: 

Types of Eligible Enterprises:
Small & Medium Enterprises (SMEs)

Use of Funds
Working capital &/or fixed asset purchases for enterprises involved in value added activities

Equity Requirement: 10%

Equity Conditions:
Viable and demonstrate ability to repay loan
T.R.N.
NIS number
RADA Registration if applicable
Applications for over J$2M require a TCC
Business Registration (where applicable)

Total votes: 204