Blue Smoke

Small Business Loan

Jamaica

The COK Small Business Loan is offered to members for any business-related activity. The member must provide documentation to support the purpose of the loan and must also have qualifying shares in COK.

FUNDS

US$500,000 - US$500,000

INTEREST RATE

12%

INDUSTRIES

Eligibility

ANNUAL REVENUE

US$500,000 - US$500,000

REQUIRES COLLATERAL

4 YEARS

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Qualifications

Must be a member of COK Sodality Co-operative Credit Union Limited

Documents Required

• Financials prepared by a Certified Chartered Accountant (stamped):
• Income & Expenditure Statement (minimum 2 years)
• Balance Sheet
• Cash Flow Statement and Cash Flow Projections (for at least 3 years)
• Print-out of Savings/Current Account Transactions for at least 12 months or updated Bank Book
• Aged Receivables (where applicable)

• Documentation to support loan purpose
• Business Plan
• Business Registration Certification & Articles of Association (if applicable)
• Letter of Good Standing (obtained from the Office of the Registrar of Companies)
• TCC
• Completed Application Form with contact information of 2 relatives & 2 references (non-related)
• Tax Registration Number (Business & Individual)
• Valid ID (Driver’s License, Voter’s ID, COK ID)
• Passport-sized Photograph
• Recent utility or any other bill in member's name with current address (Proof Address)
• Assignment of Life Insurance Policy (if required)

Guarantor (if applicable):
• If self-employed, financials prepared by a Certified Chartered Accountant (stamped):
• Income & Expenditure Statement
• Balance Sheet
• Cash Flow Statement and Cash Flow projections (for at least three years)
• Credit Reference
• Print-out of Savings/Current Account Transactions for at least 12 months or updated Bank Book

• Tax Registration Number (Business & Individual)
• Valid ID (Driver’s License, Voter’s ID, COK ID)
• Passport-sized Photograph
• Signed Guarantor Form witnessed by a Justice of the Peace
• Recent utility or any other bill in guarantor's name with current address (Proof Address)

Application Process

N/A

Other Information

The collateral accepted is:
• Motor Vehicle
• Property
• CSV on Insurance Policy
• Stocks/Bonds

COK Sodality Co-operative Credit Union Limited

COK Sodality Co-operative Credit Union Limited

This financial entity seeks to improve the well-being of their members by providing savings opportunities, affordable credit and other financial products to.

66 Slipe Road,
Kingston 5, Jamaica

(876) 960-4226

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