Merchant Services Overdraft (Secured)
Jamaica
The Merchant Services Overdraft is designed to improve the cash flow of your business while waiting for your receivables. The customer can gain access to additional working capital, have a buffer to assist with meeting business expenses during slow sales periods and get easy access to unsecured financing. The Merchant Services Overdraft will be based on the value of the average monthly debit and credit card receivables.
FUNDS
US$500,000 - US$500,000
INTEREST RATE
12%
INDUSTRIES
All
Eligibility
ANNUAL REVENUE
US$500,000 - US$500,000
REQUIRES COLLATERAL
4 YEARS
Qualifications
Must have had a Merchant account for at least 2 years to qualify.
Documents Required
N/A
Application Process
N/A
Other Information
Flexible repayment terms
CIBC FirstCaribbean International Bank
CIBC FirstCaribbean is a major Caribbean bank offering a full range of market-leading financial services in Corporate Banking, Retail Banking, Wealth Management, Credit Cards, Treasury Sales and Trading, and Investment Banking.
23-27 Knutsford Boulevard, Kingston 5
876-935-4714
876-929-9247
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