By way of press releases and full-page ads in both major daily newspapers today, Scotiabank has launched a new Small & Micro-Enterprise (SME) Business Loan – a fixed-loan rate, that’s aimed at stimulating activity and development of the small-medium enterprise (SME) sector over the next 12 months.
A press release from Scotiabank stated, “Effective today [February 3], Scotiabank will offer on all new SME loans, a fixed rate of 16.95 per cent per annum for the first 12-month period of the loan. Entrepreneurs will be able to access from J$1 million up to J$22.5 million for up to seven years. The new rate reflects a reduction of as much as 500 basis points.”
It’s full-page newspaper ad states:
Navigate your business to success
Apply for your SME Business Loan by August 31, 2010 and get:
- Up to $22.5 million
- A fixed interest rate of 16.95% p.a. for the first twelve months
- Up to seven years to repay
You don’t have to be an existing Scotiabank customer to take advantage of this special offer. Apply today! Call our contact centre at 1-888-4-SCOTIA or visit your nearest Scotiabank branch.
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