GOV’T PLANS TO STREAMLINE SMALL BUSINESS SERVICES TO EMPOWER ENTREPRENEURS & HELP THOSE RETRENCHED BY DEBT RESTRUCTURING

The Ministry of Commerce, Entrepreneurship and Small Business is looking to finalise efforts in ensuring Barbados not only becomes an entrepreneurial hub but to provide a “hand-up” for those recently affected by right-sizing during debt restructuring retrenchments…

Minister of that portfolio, Dwight Sutherland, addressed fellow MP’s, stakeholders and the media yesterday in the Harbour Industrial Park for the launch of an unsecured loan of $5,000.00 from the Trust Fund for all Barbadians who wish to form their own company.

Applications start on the 5th with two other branches for Oistins and Speightstown before 2018 is over, <em>Mr Sutherland</em> says the loan is a huge benefit for those recently laid off due to <strong>BERT</strong> the Barbados Economic Recovery and Transformation Programme; -

Applications start on the 5th with two other branches for Oistins and Speightstown before 2018 is over, Mr Sutherland says the loan is a huge benefit for those recently laid off due to BERT the Barbados Economic Recovery and Transformation Programme; –

This endeavour was not only praised by Acting Prime Minister George Payne but he added to the initiative.

Mr Payne said there will be efforts to unify different departments to enhance counselling on how to start one's own business enterprise; -

Mr Payne said there will be efforts to unify different departments to enhance counselling on how to start one’s own business enterprise; –

The Trust Loans fund is a revolving pool of an initial tranche of ten million dollars to be replenished annually, where applicants on successful repayment on a rate of approximately 2 per cent can then turn around and borrow up to ten thousand dollars thereafter.

Building Number 4 at Suite 102 at the Harbour Industrial Park will accept applications from Monday, their website is trustloansbb.com

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