FGB SME Credit Line
The FGB SME Credit Line is a flexible credit facility for companies who need to improve their working capital and/or cash flow. If your business is in the Agro-processing, Tourism, Non-metallic mining, IT & Energy industries, or retooling & re-engineering manufacturing operations, this is the loan for you! Enjoy convenient terms and adaptable repayment options that suit your business.
Features & Benefits
- Borrow up to J$15 Million for up to 12 months
- Enjoy fixed interest rates as low as 15% per annum
- Customize your own repayment terms according to your business’ budget or its projected cash-flow
- Get revolving credit in a way that is convenient for you! Choose your preference of an FGB Credit Card, overdraft limit or a revolving line of credit
- Easy repayment terms that work for you! Repay low interest payments monthly while having the convenience of clearing the principal at maturity
Terms & Conditions
- Maximum loan amount should not exceed 75% of the net worth of the borrower or guarantor, whichever is greater
- Companies with an annual turnover of less than J$50 Million may borrow up to $5 Million; those with an annual turnover of more than J$50 Million, but less than J$150 Million may borrow up to J$15 Million
- Business must be operating at a profit
Give your business the financing it needs to keep growing!