Loans Jamaica

Scotiabank Cuts Loan Rates

Scotiabank Jamaica announced yesterday, that it had cut more than two percentage points off its base lending rate, pushing the cost of its credit to a five-year low of 17.75 per cent on retail credit. In a statement issued yesterday, ScotiaBank said “This will be the bank’s lowest base lending rate in five years, as [...]

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Jamaican Government To Provide $750M In Loans To Entities In The Micro Sector

Speaking yesterday in Parliament during his contribution to the 2010/11 Sectoral Debate, Commerce Minister Karl Samuda announced that the Government plans to provide $750 million in loans to entities in the micro sector (for the fiscal year which began on April 1). This will reportedly bring the total amount of funds available for lending to [...]

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NCB Extends Tenure Of Loans To SMEs

As it signals its commitment to help spur growth in Jamaica’s productive sector, National Commercial Bank (NCB) has announced that it will extend the tenure of two of its loan products which are specific to local small and medium enterprises (SMEs). In a press release issued yesterday, NCB Group managing director Patrick Hylton said “Our [...]

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Jamaica National BizGrow Micro Business Loan

Advertisement in today’s Observer newspaper: BizGrow Micro Business Loan Looking to improve your business? This is the perfect loan for micro and small business persons! Use these funds to enhance your business by purchasing fixed assets, raw materials and stock, or provide other forms of working capital. Loan ranges from J$50,000 to $500,000 Conditions: Minimum [...]

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Farm Loan Launched By Scotiabank Small Business Unit

Scotiabank’s Small Business Unit has launched a $100-million loan fund to assist small farmers to plant cash crops for local consumption. The funds, which are being made available at a concessionary rate of 9.95%, is part of the Ministry of Agriculture and Fisheries Financial Access for Responsible Members (FARM) Programme. In a release issued recently, [...]

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