1. Voucher for Technical Assistance (VTA)

Objective: The Voucher for Technical Assistance was created to provide SMEs with access to specific business development services which will improve their management capacity as well as improve their ability to access credit from Approved Financial Institutions (AFIs).
• DBJ covers 70% of the cost of specific services with vouchers ranging from $50,000-$500,000. (Visit the dedicated website,   for more details)

2. Innovation Grant from New Ideas to Entrepreneurship (IGNITE)

Objective: To foster entrepreneurship innovation and support for the creation and growth of new firms in productive sectors among MSMEs, from start-up to growth stage within 2 years.
• The program provides grant funds up to $4million or 70% of the project cost.

3.  DBJ Energy Audit Grant

Objective: Assist the MSME to make informed decisions about investments in energy efficiency and renewable energy.
• MSMEs are offered an Energy Audit Grant of $200,000 to be conducted by a DBJ approved Energy Auditor.
• Grant may be used to support the MSME accessing a loan or implementing   energy   efficiency projects.

4.  Capacity Development Grants/ Call for Projects

Objective: Facilitates funding of capacity development projects for SME support, new sector and export development, institutional strengthening for MSME Intermediaries and recently Social Enterprises.
• Grants are awarded to public and private sector intermediaries in the MSME sector.
• Applicants are required to contribute 30% of the project cost with DBJ funding 70% up to a maximum of $7million per project depending on the funding category and availability of funds.

5. Jamaica Foundation for Competitiveness and Growth project (FCGP) / Jamaica Business Development Fund (JBDF)

Objectives: To provide financial support to SMEs working with a lead (Anchor) firm in a supply chain, to implement projects that will make the supply chains more competitive and create an enabling business environment.
DBJ   has   responsibility   to   implement Components 2 and 3 of the project, while the Planning Institute of Jamaica will govern the entire project administration and JAMPRO will implement other components.
• Three main components supported by monitoring and evaluation to   ensure   objectives   of   the   project are met. These components are:-
1. Enhancing competition in the business environment
2. Facilitating strategic private investments
3. SME productivity Improvement (a) Supply Chain & (b) Financing
4. Monitoring & Evaluation

• Component 3A SME Supply-Chain Productivity Improvement – Grant funds strengthen local supply chains for SME exporters, manufacturers and processors.
o Up to a maximum of US$350,000 per supply chain.
o Each supply chain member has the Opportunity to access up to US$30,000 to implement high- return productivity led projects.

Loan Financing

6. Residential Energy Line of Credit

Objective: Provides funding for householders to access energy loans to purchase and install renewable energy solutions for their homes.
• Loan Amt.: Up to 90% of project cost or a maximum of $2million.
• Tenure: Up to 8 years
• Int. rate: 9.5% (sub borrower)

7. DBJ/World Bank Energy

Objective: Provides funds to SME’s and large business for energy projects,  namely; energy efficiency, energy conservation and renewable
• Loan Amt.: Up to 90% of energy projects for SMEs and 75% for large businesses, maximum $30million
• Tenure: Up to 10 years
• Int. rate: 8% ( sub borrower)
• Moratorium: 1 year

8. DBJ Credit Enhancement Facility (CEF) – Guarantee –

Objective: Provides collateral assistance to SMEs. It allows AFIs to accept non-traditional collateral which may not be normally accepted. It provides guarantees to approved financial institutions & micro finance institutions.
• Loan Amt.:
o 80% of   an Energy loan up to $15million
o 50% of all other SME loans up $15million. Small loans (J$6.25million or less) 80% of loan up to a maximum of J$5million.
• Tenure: Up to the maturity of the loan or up to 10 years, whichever is less.
• Fee: 2%
• Moratorium: 1 year

9. DBJ/World Bank SME Loan

Objective: Supports capital and investment projects to empower small businesses under DBJ’s approved sectors. This is component 3b (financing) of the FCGP project.
• Loan Amt.: Maximum of 90% of project cost up to $30million per group/entity and up to J$50million for exporters.
• Tenure: Up to 10 years
• Moratorium: Up to 1 year
• Int. rate: 5.5% (AFI) sub-borrower rate determined by AFIs.

10. DBJ SME National Insurance Fund (NIF)

Objective: Provides loans to MSMEs for working capital and/or fixed asset purchases for enterprises involved in specific industries:- (Agriculture/Agro- Processing, Tourism, Manufacturing, The Creative Industry, Information Technology, Services, Mining & Quarrying, Energy-saving projects)
• Loan Amt.: Maximum loan $30million
• Tenure: Up to 6 years
• Moratorium: 6months
• Int. rate: 10% (sub borrower)

11. Microfinance Lending Window

Objective: Strengthens the institutional capacity of micro finance institutions (MFIs) by providing wholesale funds on a rotating basis.
• Loan Amt.: Maximum of 75% of the MFI’s net worth
• Tenure: 24 months
• Int. rate: 9.8% (sub borrower)

– Energy Line of Credit

Objectives: To invest in energy efficiency, conservation and renewable energy equipment for businesses and residential purposes; specifically for solar water heaters, photovoltaic (PV) panels, bio digesters and wind turbines. (This facility is not extended for the acquisition of household appliance).
• Loan Amt.: Maximum $2million
• Tenure: Up to five (5) years
• Int. rate: 9.5% (sub borrower)

– Agricultural Line of Credit (Utilizing CDB Funds)

Objective: To provide funds for the purchase of farm equipment and supplies for crop production.
• Loan Amt.: Maximum per sub borrower $5million
• Tenure: Up to three (3) years
• Int. rate: 9.5% (sub borrower)

12. DBJ/CDB Small Agricultural Entrepreneurs

Objective: To provide funds to entrepreneurs involved in agriculture.
• Loan Amt.: Maximum loan per entity or group $8.4million
• Tenure: Up to 10years
• Moratorium: Up to 1 year
• Int. rate: 9.5% (sub borrower)

13. PetroCaribe Productive line US$

Objective: Provides funds for upgrading the social and physical infrastructure of Jamaica to viable enterprises involved in the productive sector (agriculture & agro- processing, manufacturing, information technology, mining & quarrying, energy, services & tourism).
• Loan Amt.:   Maximum of US$3million
• Tenure: Up to 10 years
• Moratorium: Up to 1 year
• Int. rate: 7.25% (sub borrower)

14. DBJ/CDB 6th Industrial line US$

Objective: Provides funds for upgrading the social and physical infrastructure of Jamaica to viable enterprises involved in the productive sector.
• Loan Amt.: Maximum of US$5 million
• Tenure: Up to 10 years
• Moratorium: Up to 3 years
• Int. rate: 7.25% (sub borrower)

15. DBJ Regular (J$ General)

Objective: To provide J$ funding for a variety of projects that may not fit into any of the funding sources in terms of qualifying criteria. It may be accessed as long as the project falls within DBJ’s lending policy.
• Loan Amt.: Maximum per entity or group $100million
• Tenure: Up to 8 years
• Moratorium: Up to 2 years
• Int. rate: 9.5% (sub borrower)

16. DBJ Regular (US$ General)

Objective: To provide US$ funding for a variety of projects that may not fit into any of the funding sources in terms of qualifying criteria. It may be accessed as long as the project falls within DBJ’s lending policy.
• Loan Amt.: Maximum per entity or group J$500million (US$ equiv.)
• Tenure: up to 7 years
• Moratorium: Up to 3 years
• Int. rate: 9% (sub borrower)

17. DBJ/PetroCaribe ICT Infrastructure facility

Objective: To contribute to the expansion of the Jamaican ICT sector by providing direct funding for the development of the sector which will result in the addition of new ICT jobs to the Jamaican economy.
• Loan Amt.: Maximum US$5million per project representing maximum 70% of the project cost.
• Tenure: Up to 12 years
• Moratorium: 18 months
• Int. rate: 4.5%

Other Products/Programs (Non-Grant; Non-Loan)

18. Jamaica Venture Capital Program (JVCP)

The initiatives undertaken in this program have been aimed at ecosystem development, coordination and mapping. The ecosystem development initiatives include; education, training and knowledge sharing through workshops, executive training, business model competitions, seminars and conferences. Under the guidance and leadership of JVCP, the Caribbean Business Enablers Network (CariBEN) was created in 2016.4

The major imperatives of the JVCP are:-
a) Developing   a venture capital ecosystem to create an environment conducive to the establishment of a dynamic private equity/venture capital (PE/VC) industry to include legal, taxation and regulatory changes as well as significant training of local investors, fund managers and entrepreneur.
b) Fostering the establishment of new venture capital and private equity funds through public and private sector collaboration with local and international fund manager.
c) Building strong linkages with our international development partners (IDPs), the Jamaican Diaspora, as well as our Latin American and Caribbean neighbours.

o Private Equity Funding

Objective: To increase access to finance to SMEs by (DBJ) being an anchor investor in Venture Capital/Private Equity funds. This then creates a pool of funds that offers non-traditional financing options for long term investment in businesses.
• Fund managers raise capital from local, international and institutional investors, as well as pension funds to provide equity financing.   This provides the capital which is then deployed to entrepreneurs, based on their investment strategy.
• The DBJ has invested in three funds: Portland Private Equity, Caribbean Mezzanine Fund and Sygnus Capital Investments.
• Angel Investor Networks – These are, FirstAngelsJa and Alpha Angels. These investors continue to play their role in providing access to finance for early stage businesses.

o Capacity Development for University

Objective: Provides support to Incubators University based Incubators to enable them to improve their delivery of effective programs to entrepreneurs.
• Grants are awarded to assist with the implementation of the Incubator’s strategic plan.
• Applicants are required to contribute 30% of the project cost with DBJ funding 70% up to a maximum of $7million per project.

o National Business Model Competition (NBMC)

Objectives: Provides leadership and technical support to encourage potential  entrepreneurs at the university level and  facilitates students putting entrepreneurship
principles into practice, through an integrated learning experience.  Facilitates linkages between budding entrepreneurs, private sector mentors and financiers.
• Local    Universities    host    internal competitions from which the top three (3) teams from these competitions compete in the NBMC for cash prizes.
• The   winner   of   the   NBMC   then competes at the International Business Model Competition (IBMC), where they compete against over 40 other international University student teams.

19. Financial Empowerment & Technological Awareness program (FETA)

Objective: The program is designed to improve the financial knowledge of MSMEs, encourage confidence in the formal banking system and facilitate understanding and trust in technology driven financial services such as mobile money and other Electronic Retail Payment Services (ERPS).  This supports the GOJ’s 2015-2020
National Financial Inclusion Strategy (NFIS).
Feature:  A series of planned workshops aimed at achieving the objectives are being conducted