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
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
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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