Search results for : loan

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News Article
March 23, 2020
Government provides Business Continuity Loan Program for Small Businesses

Through the Access Accelerator Small Business Development Centre, the Government of The Bahamas has allocated $20 million to assist small businesses impacted by the COVID-19 outbreak...

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News Article
March 20, 2020
Business loans as early as next week

The government hopes to be in a position to begin facilitating that $20 million loan for small businesses impacted by the outbreak of COVID-19 as early as next week, with a turnaround for approval taking place in as little as four days, Financial Secretary Marlon [...]
The post Business loans as early as next week appeared first on The Nassau Guardian.

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News Article
February 25, 2020
DPM: Govt loans mix and interest rates not finalized yet

Peter Turnquest.The government has yet to finalize the terms of planned borrowing to fund the nearly $700 million deficit projected in the mid-year budget, Deputy Prime Minister and Minister of Finance Peter Turnquest disclosed yesterday. Turnquest was answering an inquiry from Exumas and Ragged Island Member [...]
The post DPM: Govt loans mix and interest rates not finalized yet appeared first o...

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News Article
February 24, 2020
Turnquest: No loan defaults recorded in SBDC program

Peter Turnquest.The Access Accelerator Small Business Development Center (SBDC) has experienced no defaults from its successful loan applicants to date, Deputy Prime Minister and Minister of Finance Peter Turnquest said Friday, adding that the government is negotiating with the Inter-American Development Bank (IDB) on $25 million [...]
The post Turnquest: No loan defaults recorded in SBDC program ...

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News Article
January 21, 2020
Woman accused of extorting banker over loan

A college student was yesterday remanded to prison over claims that she blackmailed a bank manager. Jamia Newbold, 29, faced charges of extortion and attempted extortion when she appeared before Senior Magistrate Carolyn Vogt-Evans. Prosecutors say Newbold demanded and received $28,200 from then-FirstCaribbean bank manager [...]
The post Woman accused of extorting banker over loan appeared first o...

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News Article
December 18, 2019
$50m Loan To Boost Recovery

THE Minnis administration will bring a resolution to Parliament next month to borrow $50 million from the Caribbean Development Bank to finance Hurricane Dorian recovery efforts...

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