FGB Hospitality Expansion Loan
Jamaica
The FGB Hospitality Expansion Loan is designed for hoteliers to increase their accommodation and revenue through expansion. Offer your guests the best when you expand with an FGB Hospitality Expansion loan today! The loan has features and benefits such as:
• Borrowing up to J$150 Million or up to 80% of the project cost
• The main operating account must be maintained at FGB and may be opened after the loan is approved.
FUNDS
US$500,000 - US$500,000
INTEREST RATE
12%
INDUSTRIES
Tourism
Eligibility
ANNUAL REVENUE
US$500,000 - US$500,000
REQUIRES COLLATERAL
4 YEARS
Qualifications
The company must contribute 20% of the project cost.
Applicant must maintain their main operating account with First Global Bank and may be opened after the loan is approved.
Documents Required
N/A
Application Process
To apply for this loan, a business must access First Global Bank's website and locate the FGB Hospitality 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.
Other Information
The moratorium is up to 12 months and is considered on a case-by-case basis and is subject to approval.
The account will be subject to annual reviews and attract an annual review fee of 0.5%.
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
876-832-9298
876-833-0338
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