Small Business Loans Jamaica

Looking for a small business loan in Jamaica? AIM Financial's Small Business Loan may just be what you need to take your business to a higher level. Our microloan can help you to upgrade your small business, restock your store, or buy new equipment. 

Get a small business loan from Aim Financial. Borrow up from $20,000 up to $1.5M secured, with up to 18 months to repay. 

Who is Qualified?

• Self-Employed Individuals
• Small Business Operators

Business Requirements

• Proof of business existence for at least two (2) years (Registration Certificate/Bills/Expired Licenses etc.) 
• Proof of borrowing history with other institutions (Statements) 
• Bank statements  for the last 6 months  (for businesses in the Manufacturing/Production Industry)
• Annual/GCT Returns (if applicable)
• Proof of business address in the name of the applicant (2 utility bills from 2 different companies.)
• Proof of Sales and Purchases 
• Previous Borrowing History with AIM  (In good standing)
• Current Proof of licence to operate (Food handlers/ spirit etc. - as applicable)
• Proof of ownership/rental/Permission to lease (Property on which business operates.)
• Site Visit (Inspection date to be agreed on)

Applicant Requirements:

• Valid ID & TRN
• Proof of home address in the name of the applicant (2 utility bills from 2 different companies.)
• 2 Passport-sized pictures
• 2 written character references (with contact information) from ANY of the following:
  • Minister of Religion or Justice of the Peace
  • Principal /Teacher/Lecturer
  • Superintendent of Police
  • Professional – Doctor, Lawyer, Chartered Accountant, Dentist
  • Bank Manager
  • Employer – Supervisor or higher.
• 20% Deposit (of the loan amount payable upon approval)
• 10% Partner (of the loan amount – payable with each repayment instalment) – (After approval)​​​

Note:  20% Deposit and 10% Partner are reimbursable/transferable to new loan

Guarantor Requirements (if applicable):

• TRN
• Photo ID
• Pay slips for the last three months
• Proof of address (recent utility bills from at least two separate companies)
• Must be currently employed for at least one year with a recognisable company that does salary deductions