How to Apply

How to apply:
Industrial finance Guarantee & Financial Leasing Guarantee - EJADA

Step 1
If you are a small or medium-sized company (industrial, productivity) and you need to get credits
(Medium or long-term loan) for financing  the purchasing of fixed assets or to make renovation or extension of premises, clarify  the purpose of the loan, provide a feasibility study, financial statements  for two consecutive years for  the project to be ready as an initial step.

Step 2
Since all JLGC Loan guarantee applications must be submitted through the Participating banks, review the list of Participating Banks to make sure that your bank has an active relationship with JLGC, then apply your application through your bank who should first check that your application meets the criteria of the schemes

Step 3
If an application meets the eligibility criteria and the PB is satisfied that the loan applicant has the ability to repay from cash flow, the PB  should seek a guarantee approval from JLGC by forwarding the completed documentations to JLGC.

Step 4
If the guarantee is acceptable by JLGC and there is an acceptance by the bank of the guarantee conditions, the applicant shall proceed with the PB to complete the required procedures, such as signing of contracts.

 

How to apply:
SMEs Loan Guarantee

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,
Review the JLGC Programmes & Services Section to determine if the project will meet basic JLGC  eligibility criteria (e.g. loan size, number of employees, purpose, etc.).Activate the link for eligibility criteria.
Review the list of Participating Partners to determine if your bank has an active relationship with JLGC. If it does not, contact the SMEs 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 Applicant information request, complete the required information, and fax it to the attention of the JLGC SMEs  Loan Guarantee Department at 6-5625406 or send it to LGD@jlgc.com. JLGC will review  the request and conduct the appropriate enquiry, 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 SMEs Loan Guarantee Department or send it to LGD@jlgc.com for final guarantee approval from JLGC whom will response back – usually within two business days.

 

B. For Borrowers

Step 1
If you have a registered project or business ) that may require a JLGC loan guarantee in order to qualify for regular bank financing,  Review the JLGC Programmes & Services Section (activate the programs link )  to determine if the project will meet basic JLGC criteria for eligibility (e.g. loan size, number of employees, purpose, etc.).(activate elgibitlity criteria link )

Step 2
Since all JLGC loan guarantee applications must be submitted through the financing bank / Financial institution, approach one of the Participating Partners 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 Partners to make sure that your bank /financial institution  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/Financial institution  must complete Loan Guarantee Application Form and return it to JLGC for preliminary consideration. JLGC will review Applicant information request ( please activate the link), and send a response back to the participating partner -- usually within one  business day.

Step 4
After Loan Guarantee Application Form has been approved, your financing bank/Financial institution will need to submit the completed  Loan Guarantee Application ( activate the link)   for final guarantee approval from JLGC and will send a  response back to the Participating partner – usually within 1-2 business day .

How to apply:

  • The exporter will fill an application to cover their sales for foreign and local markets.
  • JLGC will inquire about the buyers sent and determine the maximum credit limits for each buyer.
  • The premium rate is based on an evaluation of covered risk and expected turnover.
  • The credit insurance policy will be signed after approving the offer.

Indemnification:
In case of a loss caused by any of the commercial or political risk outlined in the policy, the policyholder must inform the company and fill the request for intervention form.