FinanceOpportunities | CE Intelligence

Finance Opportunity

Opportunity Id

Finance Provider

Finance Type

Loan Commercial

Description Of Service

The TEF 5x5x5 loan allows entrepreneurs in the tourism sector to expand and refurbish small hotels and tourist attractions or to purchase motor vehicle for business in the tour operator sector.

Amount Lower Limit

Not Specified

Amount Upper Limit

$5,000,000.00

Payback Period

Maximum 5 years

Security Required

Collateral accepted:

Real Estate
Motor Vehicle/Motor Vehicle being purchased

Deposit Required

Currency

JMD

Qualification Criteria

Requirements:

Financial Statements for the last three (3) years
Copy of the latest Tax Compliance Certificate (TCC) for loans above $2 million
Personal Statement of Affairs
A Certificate of Good Standing from the Registrar of Companies (For Companies only)
Credit Report from present Bankers + 1 other recommendation
Two (2) Certified Passport Size Photographs for directors/managers
Identification (National ID/Driver’s License/Passport) for directors/managers
Pro-forma Invoices of the items to be financed
Last three (3) months Bank Statements
Completed Application Form
A current valuation report of the vehicle to be purchased (from JNSBL’s approved list of valuators) along with a photograph of the vehicle

For Tour Operators:

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 vehicle

Administrative Contact

Mrs. Thelma Yung, Deputy General Manager

Email: tyony@jnbs.com

Telephone Numbers

(876) 948-7454-5

Email Address

jnsblinfo@jnbs.com

Website Link

http://www.jnsbl.com/tef-5x5x-5-loan/

Additional Information

Valid From

Valid To

Eligible Countries

Jamaica

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INFORMATION

Finance Opportunity