Thu | Dec 13, 2018

How to access a DBJ loan and guarantee

Published:Tuesday | November 1, 2016 | 12:00 AM

Are you a micro, small, or medium-sized entrepreneur who needs a loan but (a) does not know where or how to access the funds or (b) does not have enough security to get the loan?

The Development Bank of Jamaica (DBJ) can help you. Simply go into your financial institution and ask for a DBJ loan or for the guarantee that the DBJ provides.

DBJ loans are available through approved financial institutions that include commercial and merchant banks, credit unions, the EXIM Bank, the National People's Cooperative Bank (NPCB), and other financial institutions.

For entrepreneurs with good projects but insufficient collateral or security, the DBJ's Credit Enhancement Facility (CEF) provides partial guarantees to lenders so that entrepreneurs can get financing. The CEF guarantees up to 80 per cent on loans below J$6.25 million and 5 per cent on loans below J$30 million.

The DBJ's guarantee has allowed almost 300 entrepreneurs to access over J$2 billion in loans through 15 approved financial institutions.




- Scotiabank Jamaica

- CIBC First Caribbean Int'l Bank

- Citibank N.A.

- First Global Bank

- National Commercial Bank

- Sagicor Bank Jamaica

- Sagicor Investments Jamaica

- JMMB Merchant Bank

- All Credit Unions/JCCUL

- EXIM Bank

- National People's Cooperative Banks

- Mayberry Investments

- Jamaica National Building Society

- JN Fund Managers

- To learn more about our loans and guarantees, contact the DBJ at 11A-15 Oxford Road or telephone 929-4000/619-4000; or