Blue Smoke

TEF 5x5x5 Loan for Tourist Attractions and Tour Operators

Jamaica

The TEF 5x5x5 loan allows entrepreneurs in the tourism sector to expand and refurbish small hotels and tourist attractions as well as to to purchase motor vehicles for business in the tour operating sector.

FUNDS

US$500,000 - US$500,000

INTEREST RATE

12%

INDUSTRIES

Tourism, Transporting

Eligibility

ANNUAL REVENUE

US$500,000 - US$500,000

REQUIRES COLLATERAL

4 YEARS

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Qualifications

Must be entrepreneur in the Tourism sector

Documents Required

A current valuation report of the vehicle to be purchased (from JNSBL's approved list of valuators) along with a photograph of the vehicle
Copy of Certificate of Fitness and Registration
Copy of Import Entry (where applicable)
Copy of Insurance Policy
Motor Vehicle Title
Deposit on Motor Vehicle is required depending on the age of the vehicle

Application Process

To apply for this loan, a business must access Jamaica National Small Business Loan's website and locate the "TEF 5X5X5 Loan" section found in the "Our Products" section of the website. Then click the "Apply Now" button at the bottom of the page which redirects you to another page in which you can fill out an "Apply For a Loan" form.

Other Information

Moratorium of up to 6 months

Collateral Accepted:
Real Estate
Motor Vehicle/Motor Vehicle being purchased


Jamaica National Small Business Loan Limited

Jamaica National Small Business Loan Limited

JN Bank is Jamaica’s first mutually-owned commercial bank, 100 per cent held by its savers and borrowers.Invigorated with the values and principles of its predecessor, the Jamaica National Building Society, JN Bank is underpinned by nearly a century and a half of rich history and legacy, which it continues to build on as a member of The Jamaica National Group. JN Bank is committed to the success of Jamaicans, through bold initiatives, products and services that instil confidence and create extraordinary experiences.

32 1/2 Duke Street, Kingston

Telephone: (876) 948-7454-5

Whats App #: (876) 295-1298

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