FGB Distribution Expansion Loan
Jamaica
The FGB Distribution Expansion Loan is tailored to help distribution companies expand their operations and increase revenue. Would your business benefit from a new van or truck being added to the fleet? Want to refurbish or expand existing storage space? The First Global Bank Distribution Expansion is designed with your Distribution business in mind. This financing option is fully tailored to fit your needs. The loan has features and benefits such as:
• Borrow up to $30 Million to purchase equipment, trucks, to expand or renovate storage space
• Competitive interest rates available
• The main operating account should be at FGB & can be opened upon loan approval.
FUNDS
US$500,000 - US$500,000
INTEREST RATE
12%
INDUSTRIES
Logistics, Transporting
Eligibility
ANNUAL REVENUE
US$500,000 - US$500,000
REQUIRES COLLATERAL
4 YEARS
Qualifications
The company must contribute 20% of equity for project financing.
The company must maintain its main operating account with First Global Bank and can be opened after the loan is approved.
Documents Required
N/A
Application Process
To apply for this loan, a business must access First Global Bank's website and locate the FGB Distribution Expansion Loan page in the Products section of the website. Access the application portal located at the end of the page labelled "Get Started Now" and fill out accordingly.
Other Information
The account is subject to annual reviews at a fee of 0.5%.
Construction facilities will not be considered under this product.
First Global Bank Limited
First Global Bank Limited is a comprehensive provider of first-rate commercial banking products and services inclusive of SME Business, Personal Banking, Corporate Business and other banking products and is also registered to operate in Jamaica by the Bank of Jamaica.
2 St. Lucia Avenue, Kingston 5, Jamaica W.I
876-832-9298
876-833-0338
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