Venture fund chairman: 62 have stopped making loan payments

Mon, Jan 18th 2021, 07:44 AM

The Bahamas Entrepreneurial Venture Fund (BEVF) has found that 62 percent of its debt-financing portfolio decided in the midst of the pandemic to stop making loan payments, BEVF Chairman Michael Cunningham said Friday. Cunningham, who was a speaker at Friday's Bahamas Business Outlook, explained that while some companies have had to shutter in order to ...
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