FinanceOpportunities | CE Intelligence

Finance Opportunity

Opportunity Id

Finance Provider

Finance Type

Loan Commercial

Description Of Service

This facility allows you to get the financing you need to develop your business. The funds can be used for working capital, restructuring, capital expenditure or expanding your business.

Amount Lower Limit

Not Specified

Amount Upper Limit

$30,000,000.00

Payback Period

Maximum 10 years

Security Required

Security requirements:

Valuation report for asset being pledged as collateral (Note that NCB uses an approved list of valuators)
Surveyor report for residential or commercial properties being pledged as collateral (Note that NCB uses an approved list of surveyors)
Copies of Certificates of Title for asset(s) being offered as collateral

Deposit Required

Currency

JMD

Qualification Criteria

Requirements:

Business registration documents
Estimate/Invoices evidencing loan purpose
Last 12 months' Bank Statements (if accounts are at other banks)
Last three (3) years' audited Financial Statements (if available)
Draft/In-house accounts for current year (if audited accounts are not available)

Detailed Cash Flow Projection - monthly for the first twelve (12) months and quarterly thereafter for the remaining period of the loan. The Cash Flow Projections should also include the relevant notes/assumptions.
Valid Tax Compliance Certificate.
Letter of Good Standing from the Companies Office of Jamaica (only applicable for companies)
Detailed aged listing of receivables and payables (if available)

Administrative Contact

Audrey Tugwell Henry, Senior General Manager for Retail Banking at NCB

Telephone Numbers

1-888-622-3477

Email Address

ncbinfo@jncb.com

Website Link

https://www.jncb.com/business/sme/businessloanscreditfacilities

Additional Information

Valid From

Valid To

Eligible Countries

Jamaica

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INFORMATION

Finance Opportunity