FinanceOpportunities | CE Intelligence

Finance Opportunity

Opportunity Id

Finance Provider

Finance Type

Loan Commercial

Description Of Service

This Agriculture Loan can be used to upgrade your farm equipment; purchase seeds, fertilizers; improve operations or purchase a farm vehicle

Amount Lower Limit

$30,000.00

Amount Upper Limit

$1,000,000.00

Payback Period

Security Required

Collateral Accepted:

Receipts for Household appliances and furniture to be used as Collateral e.g. (TV, Stove, Washing Machine, Fridge, Freezer, Component set, Sofa, Dining Table, Chest of Drawers) or a Asset Declaration form, signed and sealed by a Justice of the Peace (JP)
Hypothecation of Deposits
Equipment used in business
Motor Vehicle

Deposit Required

Currency

JMD

Qualification Criteria

Requirements:

Valid Identification (passport, National ID or drivers’ license)
Tax Registration Number (TRN)
2 recent passport size photographs
2 valid Written Recommendations (Justice of the Peace (JP), Minister of Religion, School Principal or Senior Police Officer)
- The letters must be:
- Dated
- Addressed to JN Small Business Loans 32 1/2 Duke Street, Kingston
- Recommending you for a loan
Small and medium Enterprises must be registered with Rural Agricultural Development Authority (RADA).
Client must be over 18 years of age
Income verification letter from employer (if employed)
Last 3 pay slips (if employed)
Proof of loan purpose (pro-forma invoice etc)

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/agriculture-loan/

Additional Information

Processing fee of $2,330 is charged upon disbursement of loan (for Micro loans).
Processing fee of 2% is charged upon disbursement of loan (for Small Enterprises).

Valid From

Valid To

Eligible Countries

Jamaica