Creative Arts, Manufacturing, Mining, Tourism, Professional Services
EXIM Bank has teamed with the Jamaica Manufacturers and Exporters Association (JMEA) to provide this product for small businesses trying to expand their domestic and export markets.
The loans that are given can be used to finance working capital requirements, as well as, purchase raw material and/or light equipment.
To be eligible, credit-worthy applicants your business must:
Be a member of the JMEA
Be considered by the JMEA to be export ready and have excess capacity
Have linkage customers providing goods and services for the Tourism/Export sectors
Have less than fifty (50) employees
Up-To-Date Tax Compliance Certificates (TCC)
Current Financial Statements
Fill out the application form that can be found on EXIM Bank's site (http://eximbankja.com/webform/jeajma-loan-facility) and hand submit it to JMEA. Other documents such as Current Financial Statements and up-to-date Tax Compiance Certificates (TCC) must submitted along with the application form.
Minimal Processing Cost will also apply.
Repayment Terms vary based on loan purpose
Purchase Raw Materials- repayable in 90 days
Finance Receivables- repayable in 120 days
Purchase Light Equipment- repayable up to 18 months
Jamaica Manufacturers and Exporters Association (JMEA)
The Jamaica Manufacturers & Exporters Association (JMEA) is Jamaica’s leading industry association, serving as the voice of exporters, manufacturers, service providers micro, small and medium enterprises (MSMEs). The JMEA provides vital support to the industry through advocacy, strategic partnerships, export services, research, capacity building and access to finance.
85 Hope Road, Kingston 6
(the former Blue Cross building)