JMMB Merchant Bank serves as a facilitator for loans offered by EXIM Bank Jamaica under their Bankers Export Credit Facility (BECF). These loans aim to encourage the production and exportation of Jamaican goods and services by making short-term funds available for working capital either on a pre-shipment or a post-shipment basis.

Jamaican exporters are able to obtain financing for the purchase of raw materials for conversion into finished goods for export or to procure for export other locally produced goods. Loans are also available for exporters who need working capital to finance their operations while they await payment from their purchasers.

Features:

  • Financing in local currency only
  • Low interest rates
  • Pre-shipment loans are limited to 100% of the F.O.B. value of an order and are for a maximum period of 90 days.
  • Post-shipment loans are provided for up to 100% of the C.I.F. value of a shipment already made, and are granted for a maximum period of 120 days on a revolving basis.
  •  Exporters must provide the following:

• financial data

• evidence of confirmed export orders

• evidence of an established track record in exporting

• evidence of a credible export business plan

  • Goods that are repackaged for export are not eligible

Talk to one of our Credit officers at 960-5320 or email: info@jmmb.com to find out more about the favourable terms of EXIM’s Bankers Export Credit Facility (BECF) and how Capital & Credit Merchant Bank can help meet your financing needs.

Click here to make further enquiry about this product