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 mission of building a better Jamaica can only be strengthened by helping to create a productive Jamaica and to play our part in creating an environment in which economic development and investment can thrive.”
Thus, for the NCB Nation Builder Credit Line, which offers companies as much as $15 million in financing and seven years to repay, the closing date for applications has been extended from April 30, 2010 to June 30, 2010.
For the NCB F.A.R.M. Loan, which offers up to $2 million in financing and seeks to encourage the growth of onions, tomatoes and hot peppers, NCB has extended the introductory period where single digit financing is available until June 30, 2010.
Leave a Reply