SMEs Loan Guarantee

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A. For Lenders

Step 1:

If you work at a Jordanian bank or a financial institution and have identified a project that may require a loan guarantee in order to secure financing approval,

Consult the JLGC Programmes & Services Section to determine if the project will meet basic JLGC criteria for eligibility (e.g. loan size, number of employees, purpose, etc.).

Review the list of Participating Banks to determine if your bank has an active relationship with JLGC. If it does not, contact the Domestic Loan Guarantee Department about the possibility of initiating such a relationship.

Step 2:

If the project is ready for financing, and if a JLGC guarantee is considered appropriate, print Loan Guarantee Application Form, complete the required information, and fax it to the attention of the JLGC Domestic Loan Guarantee Department at 6-5625406. JLGC will review the completed Loan Guarantee Application Form, and send a response back -- usually within one business day. .

Step 3:

If JLGC’s response is positive, then complete Loan Guarantee Application Form  and fax it to the Domestic Loan Guarantee Department for final guarantee approval from JLGC.

B. For Borrowers

Step 1:

If you have a project or business that may require a JLGC loan guarantee in order to qualify for regular bank financing, Consult the JLGC Programmes & Services Section to determine if the project will meet basic JLGC criteria for eligibility (e.g. loan size, number of employees, purpose, etc.).

Step 2:

Since all JLGC domestic loan guarantee applications must be submitted through the financing bank, approach a bank about your project or business to determine if it is worthy of financing and if the JLGC guarantee is appropriate. Review the list of Participating Banks to make sure that your bank has an active relationship with JLGC.

Step 3:

If the project is ready for financing -- and if you and your bank have decided that a JLGC guarantee is appropriate -- the financing bank must complete Loan Guarantee Application Form and return it to JLGC for preliminary consideration. JLGC will review the completed Loan Guarantee Application Form, and send a response back to your bank -- usually within one business day.

Step 4:

After Loan Guarantee Application Form has been approved, your financing bank will need to complete and submit Loan Guarantee Application Form   for final guarantee approval from JLGC.