Finance Opportunity

Opportunity Id

 

Finance Provider

EXIM Bank  

Finance Type

Loan Government  

Description Of Service

Loan proceeds may be used for retrofitting to accommodate:

• Energy efficiency
• Energy conservation
• Alternate energy sources
• Specific emphasis on electricity conservation and solar energy via photovoltaic energy. 

Eligible borrowers:

• Commercial and industrial users
• Energy service company
• Manufacturers of energy efficiency equipment and devices

 

Amount Lower Limit

Not Specified  

Amount Upper Limit

Not Specified  

Payback Period

 

Security Required

Unless otherwise specified, a suitable mix of the following collateral may be accepted:

• Bank Guarantees from the Bank’s Approved Financial Intermediaries (AFIs)
• Bill of Sale on serialised equipment.
• Mortgages over Real Estate, subject to inspection. A Surveyors Report (not older than 1 year) is required.
• Hypothecation of Financial Instruments
• Personal Guarantees of principal shareholders
• Assignment of Key Man Insurance
• Guarantors of acceptable net worth
• Assignment of Receivables

 

Deposit Required

 

Currency

JMD  

Qualification Criteria

1. Completed Application Form       
2. Business Plan         
3. Completed Investment Plan if applying online. 
4. (a) Audited Financial Statements for the past three years prepared in Accordance with International Financial Reporting Standards (IFRS) along with Interim Accounts, for existing businesses. (b) Opening Balance Sheet for new businesses

5. Cash flow Projections for life of the loan, along with Supporting Assumptions (a)  Certified copy of Articles of Incorporation or (b)  Memorandum & Articles of Association    

6. Copy of Certificate of Registration and Certificate of Change of Name where applicable
7. Completed Borrowing Resolution       
8. List of Company Officers & Directors and specimen signatures of authorized signors of Company
9. Copy of Valid Tax Compliance Certificate.      
10. Detailed descriptions of security(ies) being pledged.  A copy of registered Certificate  of Title is to be submitted where applicable.  (Motor vehicles are not accepted as loan security)
11. Valuation Report (not older than 1 year) on machinery, equipment and real estate being pledged as security.
12. Bank Report(s).
13. Two (2) copies of certified identification one of which must be a photograph.  Examples of photo IDs include passport, drivers’ license, voter registration identification card.  Examples of non-photographic ID includes Debit Card, Credit Card, Employee ID.  

          (a) For privately owned companies -this is required for: (i) all  shareholders whose shareholding exceed 25%, (ii) all directors, and (iii) all signing officers

          (b) For sole traders – one of the id’s submitted may be a birth certificate, employee ID or TRN card

14. Pro forma Invoice/Commercial Invoice/Purchase order for items being purchased.
15. Trade/Credit References.

16. Evidence of Fire & Allied Peril iinsurance for the full replacement value of the assets(s) being pledged.
17. Export Order(s)/ Local Order(s)/ Letter(s )of Intent
    WHERE APPLICABLE
18. Pre-Feasibility Study/Feasibility Study/Report on Feasibility of the project  
19. Register of Shareholders
20. Company’s Annual Report        
21. Relevant approval from NEPA, Town Planning Department and other agencies 
22. Certification under the Modernization of Industry Programme administered by JTI    (applicable to manufacturers accessing Medium Term facilities) 
23. Certification under the Hotel Incentive Act (Applicable to Hoteliers)   
24. Evidence of Contract(s)
    
    

 

Administrative Contact

Mrs. Ann-Marie Minott Williams

Email: aminottwilliams@eximbankja.com

 

Telephone Numbers

876-630-1400  

Email Address

info@eximbankja.com  

Website Link

http://www.eximbankja.com/loans/energy-loan  

Additional Information

 

Valid From

 

Valid To

 

Eligible Countries

Jamaica