FinanceOpportunities | CE Intelligence

Finance Opportunity

Opportunity Id

Finance Provider

Finance Type

Loan Commercial

Description Of Service

The purpose of this facility is to assist micro entrepreneurs who have been operating for at least 6 months to expand their businesses.

Amount Lower Limit

$30,000.00

Amount Upper Limit

$1,000,000.00

Payback Period

10 weeks to 24 months

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 an 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:

Client must be over 18 years of age
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
Permits or Licenses where necessary e.g.
- shops & bars (food permit & spirit license),
- cook shop (food handlers’ permit),
- chicken farm (food handlers’ permit),
- Hairdressers & Barbers (Hairdressing/Barbering/Cosmetology licenses).

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/product-1/

Additional Information

Processing fee of $2,330 is charged upon disbursement of loan (for loans below $500,000

Processing fee of 2% is charged upon disbursement of loan.(for loans above $500,000)

Valid From

Valid To

Eligible Countries

Jamaica