Tourism Linkage Companies Receivables Financing
As the Bank continues its thrust to boost the productive capacities of non-traditional exports, such as Tourism, Manufacturing, Agro-processing, Mining, the Service Industry, Information Communication and Technology and the Creative Industries, specific focus is now being placed on linkage service companies that play a pivotal role in the growth and development of these sectors.
Taking into account the functional requirements of entities operating in the important Tourism Linkages sub-sector, EXIM Bank has developed a special Receivables Financing Loan Facility tailored to meet the funding requirements of these linkage companies.
WHO CAN BENEFIT?
Tourism linkage companies that operate as:
• In-bond merchants
• Janitorial service providers
• Fresh produce suppliers
• Car rental companies
• Linen/textiles companies
• Landscaping service providers
• Other providers of goods and services
• Janitorial service providers
• Fresh produce suppliers
• Car rental companies
• Linen/textiles companies
• Landscaping service providers
• Other providers of goods and services
HOW CAN YOU BENEFIT?
Transform your business with an EXIM Bank Receivables Financing loan and benefit from one time payment of receivables, hassle-free financing, unsecured line of credit and balloon payment at the end of the loan period. Loans are offered on a short or medium term basis at very competitive interest rates and may be used to finance the following:
Short-Term Loans:
• Working Capital
• Pre-shipment Financing
• Post-shipment Financing
Medium-Term Loans: • Equipment Acquisition
• Facilities Refurbishment/Upgrading
• Pre-shipment Financing
• Post-shipment Financing
Medium-Term Loans: • Equipment Acquisition
• Facilities Refurbishment/Upgrading
SPECIAL CONDITIONS
• Facility will be open to all suppliers based on the recommendation of participating hoteliers/attractions
• All applicable fees will be payable upon approval of the facility
• Processing fee of $12,000.00 (plus GCT of 16.5%) will be applied to each transaction of up to J$1- million
• Transactions above J$1-million will attract a processing fee of $7,500.00 (plus GCT of 16.5%)
• Loan period for short-term loans will be extended for a maximum of 365 days
• All applicable fees will be payable upon approval of the facility
• Processing fee of $12,000.00 (plus GCT of 16.5%) will be applied to each transaction of up to J$1- million
• Transactions above J$1-million will attract a processing fee of $7,500.00 (plus GCT of 16.5%)
• Loan period for short-term loans will be extended for a maximum of 365 days