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Many micro, small and medium-sized enterprises (MSMEs)are unable to provide adequate security to pledge againstbusiness loans.
With DBJ’s CEF (partial guarantee) MSMEs are one stepcloser to accessing loan financing.
The CEF helps to supplement available collateral to meetthe financial institution’s lending requirements and allowsMSMEs with financially viable projects to access credit forbusiness expansion.
DBJ’s improved CEF (Partial Guarantee) provides:
INCREASED GUARANTEE COVERAGE
n General MSME Loan Guarantees: Max J$30M
n Small Loan Guarantees: Max J$10M
n Start-up* Loan Guarantees: Max J$5M
INCREASED PERCENTAGE COVERAGE
n General MSME Loan Guarantees: 80%
n Small* Loan Guarantees: 90%
n Start-up* Loan Guarantees:80%
FASTER TURNAROUND IN PROCESSING TIME
n Through automation of the administrative processes theapplication process will be simple and easier.
GENERAL ELIGIBILITY CRITERIA
Guarantees are available to MSMEs with:
n Annual Turnover: ≤J$425Million
n Businesses operating more than 24 months
n Start-ups* operating more than 12 months
n Satisfactory credit history
CEF GUARANTEE FEES
An annual fee of 2% plus GCT is payable on the amountguaranteed.
*Conditions Apply
HOW TO ACCESS THE GUARANTEE
Eligible MSMEs should submit applications through aqualified financial institution.
CONTACT US
Development Bank of Jamaica11A-15 Oxford Road, Kingston 5
876-929-4000 | 876-619-4000www.dbankjm.com | [email protected]
Other products that are available to MSMEs include:
n Capacity Development
n Voucher for Technical Assistance
n IGNITE Grant
n The Energy Audit Grant
The CEF assists MSMEs at all stages of the Business Life Cycle
ESTABLISHED EXPANSION
MATURE GROWTH
START UP
BUSINESSLIFE CYCLE
