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FGB BPO Expansion Loan

BPO Expansion Loan

Operating a Business Process Outsourcing company? We have tailored our BPO Expansion Loan just for you! Get the financial support you need to expand your BPO facility to meet the increasing demands of this growing industry.

Features and Benefits

  • Borrow up to J$100 Million or up to 80% of the project cost
  • Competitive interest rates with up to 10 years to re
  • Flexible security arrangements. Both unsecured and secured options available
  • Loan may be used to expand an existing BPO company or to refinance existing projects
  • Receive up to 6 months payment holiday*
*Payment moratorium is subject to approval and is dependent on the scope of the project

Terms & Conditions

  • Must provide 12 months bank statement and 2 years cash flow projection
  • Average turnover for the past year must be at least four times the loan amount
  • The company must provide 20% equity to qualify
  • This facility may be secured or unsecured. Collateral may include real estate, equipment and receivables, while an assessment of receivables may be used in lieu of collateral
  • Tenure is dependent on the type of collateral used and a secured facility is preferred
  • At least one month’s payment and a monthly contribution must be maintained in a debt servicing account for the life of the loan
*Payment moratorium is subject to approval and is dependent on the scope of the project