Scotiabank has signed on as part of a US$50 million DBJ-World Bank small business loan facility.
The facility, which comes as part of the Jamaica Foundation for Competitiveness and Growth Project, will provide Small and Medium sized Enterprises with loans not exceeding US$300,000. It is hoped that the solution will strengthen the business environment.
The loan facility has been set up to assist entities manoeuvre their way through the business regulatory issues that exist and that may sometimes constrain entry.
It will also facilitate the ability to improve capabilities through skills upgrading, as the fund will co-finance training support for firms.
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