First Union Financial launches $1B revolving financing fund programme to support Jamaicans building side-hustle businesses

Thousands of Jamaican entrepreneurs and employees operating side-hustle businesses could soon benefit from a J$1 billion Employees’ Side-Hustle and Entrepreneur Micro Loan Revolving Fund Programme launched by First Union Financial Company Limited.

The initiative is designed to provide accessible financing to Jamaicans seeking to start, expand or strengthen income-generating ventures while creating greater opportunities for financial independence, business ownership and long-term economic growth.

In a statement, Group General Manager Jonalisa Brooks said the programme was developed in direct response to the growing number of Jamaicans seeking additional income streams and entrepreneurial opportunities.

She noted that the initiative will also provide critical working capital support for existing entrepreneurs seeking to scale and strengthen their operations.

Under the programme, qualified applicants may access financing of up to J$2.5 million to support a wide range of business activities, including retail and wholesale operations, agriculture and agro-processing, manufacturing, transportation and logistics, professional services, importation and distribution, technology and digital enterprises, as well as other viable income-generating ventures.

Ms. Brooks said the revolving structure of the fund is intended to create a sustainable financing model whereby loan repayments are recycled into future loans, ensuring that capital remains available to support successive generations of Jamaican entrepreneurs.

First Union Financial anticipates strong participation from entrepreneurs and employees across Jamaica and expects the programme to contribute meaningfully to business expansion, job creation and economic activity throughout the island.

The Company is encouraging interested individuals to begin exploring opportunities under the programme and to contact its offices for additional information regarding eligibility requirements and application procedures.