How to apply:
Step 1: be ready with your feasibility study and financial statements for the previous two years if you are a small or medium-sized business (industrial or productive project) in need of financing (a medium- or long-term loan) to buy fixed assets or to renovate or expand premises.
Step 2: Since all JLGC Loan Guarantee applications must be submitted through a participating bank, check the Participating Banks List to ensure that your bank is actively working with JLGC before submitting your application through your bank, which should first ensure that your application satisfies the requirements of the guarantee schemes.
Step 3: The bank must contact JLGC for the guarantee approval and transmit the entire application and pertinent documents to JLGC if the application satisfies the eligibility requirements and the bank is certain that the borrower has the ability to repay from the cash flow.
Step 4: The borrower will proceed with the bank to complete the procedures and sign the contracts if JLGC approves the guarantee and the bank accepts the guarantee terms.
A. for the lenders:
Step 1
If you work for a Jordanian bank or financial institution and have found a project that would need a loan guarantee to obtain financing approval, check the JLGC Programmes & Services Section to see if the project will satisfy the fundamental JLGC eligibility requirements (e.g. loan size, number of employees, purpose, etc.). Click the link to access the requirements.Check the list of Participating Partners to see if your bank is connected to JLGC in any way. If not, speak with the SMEs Loan Guarantee Department to see if such a connection may be made.
Step 2
If a JLGC guarantee is deemed appropriate and the project is ready for funding, print the applicant information request, fill it out, and fax it to the JLGC SMEs Loan Guarantee Department at 6-5625406 or email it to [email protected]. JLGC will examine the request, make the necessary inquiries, and respond —often within one business day.
Step 3
Complete the Loan Guarantee Application Form and fax it to the SMEs Loan Guarantee Department or email it to [email protected] if JLGC's response was favorable. JLGC will respond with a decision on the guarantee, typically within two business days.
B.for borrowers:
Step 1: If you have a project or business that has been registered and would need a JLGC loan guarantee to be eligible for conventional bank financing, Check the JLGC Programmes & Services Section to see if the project satisfies the fundamental requirements for eligibility (e.g. loan size, number of employees, purpose, etc.).
Step 2: Approach one of the participating partners about your project or business to see whether it is worthy of financing and if the JLGC guarantee is appropriate. All JLGC loan guarantee applications must be submitted through the financing bank or financial institution. Check the list of participating partners to make sure that JLGC has an active partnership with your bank or financial institution.
Step 3: The financing bank or financial institution must complete the Loan Guarantee Application Form and submit it to JLGC for preliminary consideration if the project is ready for funding and you and your bank have determined that a JLGC guarantee is acceptable. Within one business day, JLGC will review the applicant's information request and reply to the participating partner.
Step 4: Your financing bank or financial institution must submit the completed Loan Guarantee Application after the Loan Guarantee Application Form has been accepted by JLGC. JLGC will review the application and respond to you within 1-2 business days.
