Key Takeaways
- Cuban and Venezuelan parolees in jewelry qualify
- Inventory financing for precious metals and finished goods
- Working capital for the retail buyer payment gap
- Trade show financing available
- No green card required
Cuba and Venezuela historically had sophisticated jewelry and luxury goods sectors. Cuban parolees — many from Havana's jewelry trade or with prior US experience in South Florida's gold and diamond market — are building retail jewelry stores and wholesale operations. Venezuelan parolees from Caracas's luxury retail sector are opening boutiques. Bankable funds inventory and working capital for these businesses.
Jewelry Business Funding Products
- Precious Metal Inventory Financing: Gold, silver, and diamond inventory financed against collateral value. Advance rates reflect spot price.
- Working Capital: Cover consignment cycles, payroll, and retail overhead between sales.
- Trade Show Financing: JCK Las Vegas, trade show booth costs, and inventory for major jewelry shows.
- Display and Store Equipment: Showcase lighting, security systems, and display cases financed as equipment.
Frequently Asked Questions
Yes. Cuban CHNV parolees in the jewelry business with $15,000+/month in US revenue qualify. South Florida's jewelry market is particularly active, with many Cuban parolee retailers in Miami and Hialeah.
Yes. Gold, silver, and platinum inventory financing is available. Advance rates reflect current spot prices and inventory quality. Diamond and gemstone inventory financing is evaluated case by case based on appraisal.
$15,000 per month in verifiable US sales. Jewelry businesses often mix retail and wholesale revenue — we accept both.
Yes. Display cases, lighting fixtures, security systems, and safes qualify as business equipment financing. Most jewelry store build-out costs can be bundled into a single equipment financing facility.
Working capital advances cover JCK Las Vegas, trade show booth fees, inventory transport, hotel, and staffing. These are bundled into your overall working capital facility with repayment from post-show sales.
Yes. Venezuelan CHNV parolees with US jewelry businesses qualify. Venezuela's luxury retail market was significant — Caracas had a thriving jewelry and luxury goods sector — and parolee retailers bring genuine expertise.
For precious metal and gemstone inventory financing, a qualified appraisal (GIA-certified for diamonds, spot-price-based for gold/silver) is required. The appraisal determines the advance rate. Finished jewelry (gold chains, pendants) is typically appraised at 60-70% of retail.
A security interest in the financed inventory. For larger facilities, we may require additional personal guarantee or business asset collateral. Business premises security (alarm system, safe) is evaluated but not always required.