12-months bank statements & 2 years cash flow projections;
Average turnover for past year must be at least 4 times the loan amount;
Company must provide 20% equity of project financing to qualify;
Collateral must include real estate equipment, receivables;
Tenure of the loan dependent on collateral used; 1 month's payment and monthly contribution must be held in Debt Servicing Account for life of the loan
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.
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