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.
SME - up to $30-million
CCBC - up to J$100-million
Special rate of 7%*
Full waiver on application fee
50% discount on commitment fee
3 months waiver on merchant services
3 months waiver online banking services
Applicants must be women-owned */or women-led* business
Incorporated companies, corporations or co-operatives
All entrepreneurs creating value and driving economic growth
*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.
Must have good credit history.
Rates applicable until December 31, 2022