“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.