Development Bank of Jamaica

Information to be provided in the business plan

A comprehensive business plan must be submitted and should include the following:

1. A brief description of the business
2. Management and Company information:
   1. Organizational structure, curricula vitae of the management and profiles of the directors
   2. Share composition of the enterprise and associated entities/subsidiaries
   3. Personal financial statements in the case of sole traders
3. Markets, Industry, Products and Sales:
   1. Basic nature of the local and export markets, current and potential
   2. Industry details including size and general growth trends, economic contribution, employment and revenues.
   3. Volume of production, unit prices, sales targets, percentage of markets served
   4. Nature of the products, consumers and distribution channels.
   5. Direct/indirect present and future competition and the estimated portion of the market they hold
   6. Fiscal incentives and import restrictions that affect the company
   7. Other critical factors that affect market potential
4. Technical Viability:
   1. Brief description of the production process
   2. Suppliers of equipment and services
   3. Labour, basic infrastructure and public services
   4. Breakdown of operating expenses by major categories
   5. Sources, cost and quality of principal inputs
   6. Restrictions on imported components
   7. Location of plant in relation to suppliers, markets, basic infrastructure and labour
5. The Financial Plan:
   1. Total estimated project cost including contingencies
   2. Proposed financial structure for the project/company including breakdown for shareholders’ equity, external equity, debt.
   3. Last 3 years audited financial statements (balance sheet and profit & loss account) and up-to-date in-house financial statements. N.B. Current valuations of land, buildings and equipment may be required.
   4. Financial projections for the proposed loan repayment period, indicating projected cash flows, profit & loss and balance sheet.
   5. Financial statements of associated companies/subsidiaries.
6. Environmental Factors:
   1. Confirmation of all required licenses, permits and Environmental Impact Assessment
   2. Proof that the company is in compliance with regulations prescribed by the Natural Resources Conservation Authority (NRCA)
   3. Description of the measures incorporated into the production process to mitigate any adverse environmental impact
7. Political, Legal and Economic factors:
   1. Government policies relevant to the industry and the company, particularly current incentive or support programme
   2. Nature and extent of economic benefits from the company, such as improved technology, generation of jobs, use of natural resources, foreign exchange generation/savings, other aspects of development
   3. Legal claims or liens outstanding
8. Details of all efforts to obtain financing through AFIs (Direct applications only).
9. Details on assets to be utilized as security for the loan facility.
10. Corporate Documentation:
    1. Copy of Memorandum and Articles of Association
    2. Copy of Certificate of Incorporation
    3. Existing Lease Agreement
    4. Existing Shareholders Agreement