National Export-Import Bank of Jamaica Ltd
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National Export-Import Bank of Jamaica Ltd
EXIM Bank Financing your Business Needs
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Corporate Bankers toJamaican Companies in the Productive Sector
Providing
Trade FinancingTrade Financing Medium Term Loans Medium Term Loans
Trade Credit Trade Credit InsuranceInsurance
Business Business Advisory ServicesAdvisory Services
We AreWe Are……
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Who We ServeWho We Serve
The Productive SectorsThe Productive SectorsManufacturingManufacturingAgro-BusinessAgro-BusinessMiningMiningTourismTourismServicesServicesCreative Industries Creative Industries ICTICT
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You do not You do not have to be a have to be a Direct Direct Exporter Exporter
to qualify for to qualify for an EXIM an EXIM loanloan
If your company supplies goods and/or services to a company within
the Productive Sector
you may also be eligible for
EXIM Bank’s low cost financing
Linkage CompaniesLinkage Companies
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We Finance the FollowingWe Finance the Following
Working CapitalWorking Capital
Equipment AcquisitionEquipment Acquisition
Retooling/ Upgrading of FacilitiesRetooling/ Upgrading of Facilities
Pre Shipment FinancingPre Shipment Financing
Receivables FinancingReceivables Financing
Debt Refinancing *Debt Refinancing *
Market ResearchMarket Research*Note: Conditions Apply*Note: Conditions Apply
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Affordable FinancingAffordable Financing
10 – 13% p.a JA$ Loans10 – 13% p.a JA$ Loans
8.5 – 11% p.a US$ Loan8.5 – 11% p.a US$ Loan
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Short Term FinancingShort Term Financing
Foreign Lines of Credit Cuban Line of Credit Receivables Financing (Post
Shipment) Pre Shipment Financing CoPack Facility JEA/JMA Loan Programme Insurance Policy Discounting Facility Working Capital Financing
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International Lines Of International Lines Of CreditCredit
Goods can be sourced from any country across the
world
Loans refinanced for up to 270 daysLoans refinanced for up to 270 days
Competitively priced interest ratesCompetitively priced interest rates
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Cuban Line of CreditCuban Line of Credit
CAN$10 millionCAN$10 million
Banco Nacional de CubaBanco Nacional de Cuba
Facilitates the exportation of Facilitates the exportation of
Jamaican Goods to CubaJamaican Goods to Cuba
EXIM Bank pays you 100% of the value of your export order, upon receipt of shipping
documents, and then waits to collect from the Cuban Authorities.
Visit our website for a list of eligible goodsVisit our website for a list of eligible goods
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Bankers Export Credit FacilityBankers Export Credit Facility
Pre Shipment FinancingMax 90 days
Up to 100% of FOB value of your export order
Pre Shipment FinancingMax 90 days
Up to 100% of FOB value of your export order
Post Shipment Financing
Max 120 days Up to 100% of CIF value of your export
Post Shipment Financing
Max 120 days Up to 100% of CIF value of your export
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If you are …
a co-packer or supplier of locally manufactured goods to an approved trading house & you were recommended to EXIM Bank by that trading house
… then you are eligible
Repayment period: 90 – 120 days
Co-pack FacilityCo-pack Facility
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JEA/JMA Loan ProgrammeJEA/JMA Loan Programme
Eligible Borrowers: Linkage Companies to the Export
Sector <50 permanent employees
Export Ready Have excess capacity
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Medium Term Medium Term FinancingFinancingUpgrading and RetoolingUpgrading and Retooling
Sectors: ExportExport TourismTourism Printing & PackagingPrinting & Packaging U-Drive U-Drive Linkage companies for the aboveLinkage companies for the above
Mix of Collateral AcceptedMix of Collateral Accepted
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Medium Term Medium Term FinancingFinancing
SME Growth InitiativeSME Growth Initiative JEA/JMA Loan ProgrammeJEA/JMA Loan Programme FSMA Loan WindowFSMA Loan Window
Modernisation Fund For Exporters/ Modernisation Fund For Exporters/ TourismTourism
Any other purpose deemed acceptableAny other purpose deemed acceptable
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SME Growth InitiativeSME Growth Initiative
Loan Ceiling: J$ equiv of US$500,000.00
Net Worth< JA$100 million
Annual Sales <JA$360 million
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Introducing EXIM Bank’s …
FSMA Loan WindowFSMA Loan Window
If you produce Food Products for
export to the USA…
Your business WILL be affected by the newly implemented Food
Safety Modernisation Act 2011
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FSMA Loan WindowFSMA Loan WindowEXPORTERS of
Fresh Produce, Baked Goods, Sweets, Condiments, Sauces & Spices,
other Processed Foods and Meat.
JA $100 million Pool JA$ Loans 6.5% -
7% p.a. US$ Loans 5% -
6% p.a.
Affected Entities
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FSMA LOAN WINDOWFSMA LOAN WINDOW
Loan Purpose Conduct Gap Analysis
Equipment Acquisition Upgrade Existing Facilities
Conduct TrainingTechnical Assistance
Implementation of New Food Safety Systems
Term: Maximum 48 months
Moratorium: Maximum 6 months
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Loan Term: The applicant must have an energyMaximum 48 months audit done by a Petroleum Corporation
of Jamaica approved energy auditor.Moratorium: (list available from the EXIM Bank)Maximum 6 months
Funded by the DBJ SME Energy Fund
Energy LoanEnergy Loan
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Energy LoanEnergy Loan
Eligible Borrowers: Commercial & Industrial Users Energy Service Companies Manufacturers of energy efficient
equipment and devices
To include: Exporters, Agro-Processors,
Manufacturers, Aqua Culture & Poultry Farmers and companies in the Tourism Sector
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Loan Purpose:
Retrofitting to accommodate:Energy EfficiencyEnergy ConservationAlternate Energy Sources
Emphasis on electricity conservation & solar energy
Energy LoanEnergy Loan
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ACCEPTABLE ACCEPTABLE COLLATERALCOLLATERAL Mortgage over Real Estate Bank Guarantees from the Bank’s
Approved Financial Intermediaries (AFI)
Bill of Sale over Equipment Hypothecation of Financial
Instruments Assignment of Receivables
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MEETING YOUR MEETING YOUR NEEDSNEEDS
Relaxed Collateral Requirements
Increased Loan Limits Faster Processing Times Streamlined Business
Processes Access through AFIs
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TO APPLY YOU WILL TO APPLY YOU WILL NEEDNEED Business PlanBusiness Plan
Audited and In-House Financials Audited and In-House Financials
Cash Flow Projections Cash Flow Projections
Collateral documentationCollateral documentation
Valid Tax Compliance CertificateValid Tax Compliance Certificate
Completed Application FormCompleted Application Form
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Trade Credit InsuranceTrade Credit Insurance
Protects your business against non-payment of receivables by local or foreign buyers.
With TCI you can claim for up to 85% of the value of your receivables – for non payments and for payments over 120 days
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Trade Credit InsuranceTrade Credit Insurance
Covers Foreign & Domestic ReceivablesCovers Foreign & Domestic Receivables
Covers Commercial & Political RiskCovers Commercial & Political Risk
Risk Coverage – 85% & 90%Risk Coverage – 85% & 90%
Coverage available to all entities Coverage available to all entities registered in Jamaica registered in Jamaica
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Trade Credit InsuranceTrade Credit InsuranceELIGIBLE TRANSACTIONS:ELIGIBLE TRANSACTIONS:
Sale of goods & services to approved Sale of goods & services to approved buyersbuyers
Sale of goods originating outside Jamaica, Sale of goods originating outside Jamaica, by Jamaican firms, to 3by Jamaican firms, to 3rdrd countries countries
Sale of goods by subsidiaries of Jamaican Sale of goods by subsidiaries of Jamaican companies operating in CARICOMcompanies operating in CARICOM
Goods trans-shipped from Jamaica’s duty-Goods trans-shipped from Jamaica’s duty-free zones to countries in the Caribbeanfree zones to countries in the Caribbean
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Approved Financial Approved Financial IntermediariesIntermediaries
Scotia GroupScotia Group NCBNCB First Global BankFirst Global Bank CIBC - CIBC -
FirstCaribbean FirstCaribbean Int’l BankInt’l Bank
Sagicor BankSagicor Bank
JMMBJMMB JN Fund ManagersJN Fund Managers MF&G Trust & MF&G Trust &
FinanceFinance Mayberry InvestmentsMayberry Investments Sterling Asset Sterling Asset
ManagementManagement
Development Bank of Development Bank of JamaicaJamaica
Citibank NACitibank NA
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