FCB to offer small business loans with 0 interest

FCB to offer small business loans with 0 interest

“Now this is the softest loan you can get: no interest and no payments for two years.”

Finance Minister Colm Imbert made the statement during a press conference on Tuesday.

He said Government has made available a loan facility for small- and medium-sized businesses (SMEs) which will, in the first instance, be offered through First Citizens Bank (FCB).

He said other types of assistance will come in the form of a loan through credit unions.

The institutions will be given an additional $100 million to assist SME’s.

COMMENTS

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    Kern Dunbar 1 month

    This will be very helpful in this time of needs

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