Background
The Corporate Finance Broker (CFB) Unit was established on January 31, 2006 under the European Union/Government of Jamaica funded Private Sector Development Programme (PSDP), and is geared towards helping micro, small, and medium-sized enterprises (MSMEs) access financial assistance. The CFB works to stimulate the continued growth of MSMEs by acting as a mediator between businesses and financial institutions for increased access to funding, and by providing a range of services to enhance the financial management of MSMEs.
Upon opening its doors, the CFB Unit embarked on signing memoranda of understanding with various financial institutions. This strategy has allowed the CFB to refer clients seeking project financing to these institutions. In turn these financial institutions have also sent their clients to the CFB for assistance in preparing and or honing their business documentation, which has made the task of lending to referred CFB clients much easier and less risky.
Since its inception the CFB Team has been focusing on giving a one on one, value-added services to clients. In order to achieve this, the CFB has so far formalized its consulting services with several companies which vary in size and stage of development. Additionally we are associated with a wide cross section of industries as follows:
Many of the CFB’s clients are in the start-up/early stage of business, while others are in their mature stage and need to reposition their businesses in the market place.
Several of the CFB’s clients are bright young persons, but it has been heartening to discover that there are a number of older Jamaicans, who are still interested in contributing to the development of business and in making a meaningful contribution through their experience and investment to the improvement of the Jamaican economy.
