RBTT Bank issued a press statement yesterday, announcing that it has opened a US$10 million fund to lend to small and medium sized enterprises (SMEs), specifically for the purposes of trade financing and capital expenditure – including business expansion and upgrade of facilities. The credit line was established specifically for small and medium sized entities, in response to their need for more affordable financing.
According to the RBTT statement, “The fund will provide loans of between US$50,000 and US$250,000 to SMEs at concessionary rates of between 7.5 and 8 per cent per annum. The facility is specifically geared towards providing financial support to the export and productive sectors, including, although not limited to manufacturing, agro business and tourism.“
June 19th, 2010 at 1:28 pm
need more information on this loan .I am a customer who want to start a pig farm.
October 6th, 2011 at 9:51 pm
We operate a roofing construction business and is seeking a line of credit to import our own material which will give us a competitive edge in the industry. what is the requirement of obtaining a line of credit from your bank to assist us?