Special Loan Fund

As part of the Scotiabank Women Initiative, business owners have access to a loan fund of $3-billion dollars. The fund will be available over three years offering special rates to women-owned and women-led businesses.

Key features

Loan amount

SME - up to $30-million

CCBC - up to J$100-million

Rate

Special rate of 7%*

Special

Full waiver on application fee

50% discount on commitment fee

3 months waiver on merchant services 

3 months waiver online banking services


Eligibility Criteria

Applicants must be women-owned */or women-led* business 

Company

Sole Trader

Partnerships

Incorporated companies, corporations or co-operatives

All entrepreneurs creating value and driving economic growth

Operational

*Women-owned business - minimum shareholding of 20% and active in the business

Women-led business - active director (as per business registration) or executive/decision maker 

A small to medium enterprise (SME) – (less than 500 employees and annual turnover of up to US$4million).

In operation for a minimum of 3 years.

Financial

Must have good credit history.

Rates applicable until December 31, 2022

*Conditions apply.


The Scotiabank Women Initiative is created to support women in business financially.