Microbiz Loan
Jamaica
The Microbiz Loan is available to entrepreneurs for any intended business purposes. Your loan terms will be determined after supporting documents have been evaluated. The loan may be repaid on a weekly or monthly basis. These payments can be made through the bank or via Paymaster, located island-wide. There is a processing fee of 6% that will be deducted out of the loan amount after approval, as well G.C.T. There is also a site visit cost for one’s initial loan with the company. Acceptable collateral is:
Motor Vehicle
Jewellery
Appliances
Electronics
FUNDS
US$500,000 - US$500,000
INTEREST RATE
12%
INDUSTRIES
Eligibility
ANNUAL REVENUE
US$500,000 - US$500,000
REQUIRES COLLATERAL
4 YEARS
Qualifications
Must be an MSME
Documents Required
Business Owner's ID
TRN
Recent Proof Address
Business
Recent Purchases or Sales Receipts/Bank Statements (optional)
Application Process
N/A
Other Information
N/A
Sprint Financial Services
Sprint Financial Services Limited is a Kingston-based micro-finance institution (MFI) founded in 2011. The MFI specializes in loan products catering to Jamaicans islandwide and across all social strata, including university students, street vendors, corporate executives and business owners. Sprint Financial also focuses on convenience through the use of technology to aid in the ease of application for loans, as well as their repayment. The company provides various methods of processing applications and transactions that don’t actually require the physical presence of clients. To this end, Sprint Financial has become a pioneer in personal and business financing through the expedient provision of innovative loan products that facilitate both business and recreational activities.
Suite 3a, The Trade Centre Complex, 30-32 Red Hills Road, Kingston 10
(876) 622-0050
(876) 632-4189
(876) 298-0501
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