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Business Loan

Opportunity ID: 
Institution Type: 
Development Bank of Jamaica
Type of Financing: 
Minimum Amount: 
$50,000,000 JMD or US equivalent - $500,000,000 JMD or US equivalent

Up to 7 years for private sector loans

Qualification Criteria: 

Project should be in one of the following sectors: tourism, agriculture and agro-processing, manufacturing, mining, infrastructure and related services, energy/alternative energy solutions, information and communications technology. The project should demonstrate a net economic benefit to the country through any combination of the following general development criteria: employment creation , foreign exchnage earnings and savings, facilitation and/or stimulation of foreign direct investments, expansion of export capacity, diversification of an existing industry, utilisation of local inputs, demonstate long term financial viability, demonstate the ability to repay the DBJ's loan, lead to development of management skills and technological know-how, indicate strong market demand for their products and/or services, demonstate the ability to meet projected demand targets, capital will constitute no more than 20% of the DBJ's loan, unless it forms part of the development project, the DBJ will not lend money for refinancing and land acquisition. The company should possess the following criteria: be registered and operating in Jamaica, have majority Jamaican ownership ( up to 75%). (N.B : well documented exceptions can be made to allow for the consideration of projects amd represent a compelling case for national development), not be a sole proprietorship, demonstrate sound management practices and capability, be current with statutory deduction payments eveidenced by a Tax Compliance Certificate (TCC), be current with property taxes, where applicable , disclose all its associated companies and subsidiaries, possess effective internal operational control systems. All loans are to be secured by any combination of the following securities- debentures supported by: mortgages over real property, bills of sale over equipment and other fixed asssets, assignment of leases, contract revenues, shares, insurance policies, personal guarantees of the prinicipals, hypothecation of cash


Edison Galbraith
General Manager of Loan Origination and Portfolio Management
Tel: (876)929-4000
Fax: (876)920-6055

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