Blue Smoke

POS Merchant Loan

Jamaica

With the POS Merchant Loan, businesses would have the ability to access up to 9 times their monthly settlement with their pre-approved Sagicor Bank MasterCard Business Credit Card to help in the enhancement of their business.

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

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Qualifications

Must be a business owner with a Point of Sale Machine

Business must have a minimum of $400,000 debit/credit card revenue over the past 6 months

Documents Required

• 6 months bank statements
• 6 months Merchant POS receivable statement
• Credit Report
• Audited financials or cash flow projections for amounts over the established limit of J$10,000,000

Application Process

N/A

Other Information

Fast Approval of loans

The 2.% interest rate is an introductory rate for new POS customers.

No Financial Statements Required

Sagicor

Sagicor

The Sagicor Bank is the retail, business and corporate banking arm of Sagicor Group Jamaica. They offer a wide range of credit and deposit facilities and stand ready to help you realize your immediate and future goals. .

28-48 Barbados Avenue, Kingston 10

876-929-8920-9

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