Special Loan Fund

We offer unbiased access to capital, and tailored advice on business banking solutions that are designed specifically for women business owners and leaders who are actively involved in the operations.

Key features*

Over the three-year cycle, each business can access a minimum of J$2 million and total maximum of:

Loan amount

  • $50Mn SME Business Clients
  • $350Mn for Corporate and Commercial Business Clients

*Conditions Apply

Rate

  • 8% secured
  • 15.5% unsecured

Special

  • 50% reduction on Commitment and Application fees for all qualifying SME loans
  • 50% reduction on Commitment and Application fees for Corporate and Commercial banking loans above $100Mn

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

Woman owned: minimum shareholding of 20% with a woman who is  active in the business.

Woman-led: having an executive/decision maker who is active in the business and/or a director (as per business registration).

In operation for a minimum of 3 years.

Financial

Must have good credit history.

Rates applicable until December 31, 2026


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