Blue Smoke

FUNDS

$15,000,000.00

INTEREST RATE

N/A

INDUSTRIES

All

BLAZE is a loan financing product for beneficiaries of the Innovation Grant from New Ideas to Entrepreneurship (IGNITE) programme that allows businesses to borrow $15,000,000 or up to 90% of the project cost. It is designed to empower businesses to build capacity and enable scaling.

Business Lifecycle Accelerator To The Zenith of Entrepreneurship (BLAZE)

Jamaica

Qualifications

Businesses applying for this loan product has to be a current IGNITE beneficiary or a graduate of the program
The business must be in operation for at least 2 years
They must have demonstrated excellent compliance and performance in IGNITE
They must have an advisory board or will have one in place within 12 months

Documents Required

N/A

Application Process

N/A

Other Information

Flexible Collateral/Security
Moratorium: 1 year from the first disbursement

Development Bank of Jamaica

The Development Bank of Jamaica provides opportunities to all Jamaicans to make a positive impact on their own quality of life. They do this through providing development financing, capacity building, public-private partnership and privatisation solutions, which are in line with Government policy and future goals.

Development Bank of Jamaica

11A - 15 Oxford Road Kingston 5, Jamaica W.I

Phone Number: (876) 929-4000; (876) 619-4000

Fax Number: (876) 929-6055

REQUIRES COLLATERAL

Yes

ANNUAL REVENUE

N/A

Eligibility

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