MSME Recovery Loan

The Ministry of Finance and the Public Service in partnership with the Development Bank of Jamaica has allocated J$3B under the SERVE Jamaica programme for financing support to MSMEs. The DBJ SERVE Programme acts as a catalyst for the recovery of local economic activity by assisting businesses that have been adversely affected by the COVID-19 pandemic.

The programme consists of three products, namely the DBJ MSME Recovery Loan. The Government of Jamaica has provided an additional J$2B through the DBJ’s MSME Recovery Loan which serves to enable lenders to reduce the debt service burden for MSMEs with viable projects that are either seeking to expand, pivot or refinance high-cost debts. The loan is available to all sectors through participating financial institutions.

The DBJ is also willing to facilitate a maximum grace period on the principal of up to 12 months. DBJ will fund up to 90% of the project cost however the MSME must provide a 10% contribution. If you are in need of more than $10 million to assist your business to recover, consult your preferred financial institution and once an agreement is reached and the J$11.1 million has been exhausted from all three offerings under the SERVE Jamaica programme, you may either apply for another DBJ loan or seek the balance from their Financial Institution.