Blue Smoke

Micro & Small Business Loans

Jamaica

There is no place like FHC when it comes to providing financing for your business. Our secured and unsecured Quick Line and Express loans, offering up to $500,000 to members who want to expand or start their micro or small businesses.

The three types of Micro & Small Business Loans that we offer are:
• Business Loans for Individuals (unsecured)
• Business Loans for individuals (secured)
• Group Business Loans (sizes 2- 7 members)
Our loans are covered by two Insurance Policies to reduce the risk in lending.

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

Compare +

Qualifications

Must be a Micro or Small Business operator who is a member of First Heritage Credit Union

Documents Required

• Identification (Driver’s licence, Voter's ID or Passport)
• TRN
• Proof of address
• 2 passport-size Photographs of members
• Schedule of Assets
• Valuation of Assets
• Proof of ownership of assets
• Proof of Purpose
• Consent Form for member and business
• Credit Bureau Fee for member and business
• Verification Fee
• Business Registration/Certificate of Incorporation
• Certificate of Good Standing from Companies Office (if business is registered)
• If a registered company – Memorandum and Articles of Association
• For Companies, company search confirming shareholders, directors and secretary
• 12 months Bank Statements
• Business Plan with 3 years AUDITED financials and projections for 3 years
• Photographs of business establishment (minimum 3 inside and 1 outside)
• Fee invoice
• Interview Sheet
• Direction Sheet
• Home/Business Inspection

Application Process

N/A

Other Information

Collateral that will be accepted:
Appliances
Motor Vehicles
Insurance Policies
Cash
Real Estate
1 Guarantor

First Heritage Co-operative Credit Union Limited

First Heritage Co-operative Credit Union Limited

First Heritage currently serves over 200,000 members through a network of eleven locations island wide, offering a wide array of products and services specifically designed to meet the needs of their members at every stage of their lives. First Heritage is powered by the commitment to generate continual benefits for their members and other stakeholders.

8-10 Eureka Road, Kingston 5

(876) 381- 9830
(876) 421-1078
(876) 355-9433
(876) 498-0384

You might also be interested in...

Type Of Fund

Heading 4

Company Name

$--

Tell people more about the classes you offer. Add images, text and links, or connect data from your collection to display dynamic content.

Type Of Fund

Heading 4

Company Name

$--

Tell people more about the classes you offer. Add images, text and links, or connect data from your collection to display dynamic content.

Type Of Fund

Heading 4

Company Name

$--

Tell people more about the classes you offer. Add images, text and links, or connect data from your collection to display dynamic content.

Type Of Fund

Heading 4

Company Name

$--

Tell people more about the classes you offer. Add images, text and links, or connect data from your collection to display dynamic content.