Blue Smoke

Modernization Fund for Exporters

Jamaica

At EXIM Bank, we understand the demands of Jamaica’s exporters. The modernization fund was designed to meet the upgrading and retooling needs of businesses in the export sector and linkage companies providing support to this sector. Funds are for the acquisition of capital equipment for retooling, refurbishing, upgrading and efficiency improvement to enhance export competitiveness. Financing is available for both new and used equipment.

FUNDS

US$500,000 - US$500,000

INTEREST RATE

12%

INDUSTRIES

Exports/Imports

Eligibility

ANNUAL REVENUE

US$500,000 - US$500,000

REQUIRES COLLATERAL

4 YEARS

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Qualifications

The programme is open to any company registered and operating in Jamaica that is engaged in export or earns foreign exchange and/or has a link to the Export Sector.

A certificate is required for participants which fall under the Hotel Incentive Act and the Car Rentals Concession Scheme.

Documents Required

N/A

Application Process

N/A

Other Information

There is provision for a moratorium on principal payments for up to one year.

A graduated repayment plan including ballooning can also be negotiated.

EXIM Bank

EXIM Bank

EXIM Bank is Jamaica’s premier trade financing institution and the Caribbean’s first Export-Import Bank. It plays a fundamental role in national development by providing a wide range of financing instruments at competitive interest rates for the country’s productive sector. It aims to assist in the growth of this sector and to contribute to the development of the wider national economy.

85 Hope Road, Kingston 6
(the former Blue Cross building)

876-630-1400
or
876-618-5889

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