Tourism Receivables Financing

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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  Tourism  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

HOW CAN YOU BENEFIT?

Transform your business with an EXIM Bank Tourism Receivables Financing loan and benefit from one time payment of receivables, hassle-free financing and balloon payment at the end of the loan period. Loans are offered on short 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

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

WHERE TO APPLY?

Apply directly at 85 Hope Road, Kingston 6 (the former Blue Cross building)  Click HERE to go to our online application form.

EXIM Bank will assist you in “Realizing Your Productive Promise” and you can “Expect to Succeed”!