More money is now
available to the small business sector as the Government implements another
phase of its economic stimulus package.
$250 million has been disbursed to Jamaica National Small Business Loans Limited from the Development Bank of Jamaica (DBJ) to on-lend to micro and small businesses.
This is part of the Government's stimulus package to assist the sector in the current financial crisis.
The first tranche of $125 million was received on Wednesday.
Borrowers will be charged 10% interest per year on the reducing balance, and are given three years to repay the loan.
$250 million has been disbursed to Jamaica National Small Business Loans Limited from the Development Bank of Jamaica (DBJ) to on-lend to micro and small businesses.
This is part of the Government's stimulus package to assist the sector in the current financial crisis.
The first tranche of $125 million was received on Wednesday.
Borrowers will be charged 10% interest per year on the reducing balance, and are given three years to repay the loan.
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