Operating a Business Process Outsourcing company? We have tailored our BPO Expansion Loan just for you! Get the financial support you need to expand your BPO facility to meet the increasing demands of this growing industry. The loan has features and benefits such as:
• Borrowing up to J$100 Million or up to 80% of the project cost
• Flexible security arrangements. Both unsecured and secured options available. Collateral may include real estate, equipment and receivables, while an assessment of receivables may be used in lieu of collateral.
• Loan may be used to expand an existing BPO company or to refinance existing projects
• Tenure is dependent on the type of collateral used and a secured facility is preferred.
FGB BPO Expansion Loan
Average turnover for the past year must be at least 4 times the loan amount.
The company must provide 20% equity of project financing to qualify.
At least one month’s payment and a monthly contribution must be maintained in a debt servicing account for the life of the loan.
12-months bank statements & 2 years cash flow projections
To apply for this loan, a business must access First Global Bank's website and locate the FGB BPO Expansion Loan page in the Products section of the website. Access the application portal located at the end of the page labelled "Get Started Now" and fill out accordingly.
The moratorium is up to 6 months but it is subject to approval and is dependent on the scope of the project.
First Global Bank Limited
First Global Bank Limited is a comprehensive provider of first-rate commercial banking products and services inclusive of SME Business, Personal Banking, Corporate Business and other banking products and is also registered to operate in Jamaica by the Bank of Jamaica.
2 St. Lucia Avenue, Kingston 5, Jamaica W.I