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Call for Greater Financial Support for Micro and Small Enterprises

Call for Greater Financial Support for Micro and Small Enterprises

July 30, 2025
12:59 pm

The Small Business Association (SBA) and its members are closely watching the level of support that will follow the Inter-American Development Bank’s $100 million Barbados dollar injection into the sector.

Under the IDB’s Flexible Financing Facility, more than 180 small businesses are expected to benefit. The credit guarantee scheme — now in its second phase — covers up to 80 percent of a loan, up to $1 million, enabling lenders to offer more favorable interest rates.

SBA CEO Dr. Lynette Holder welcomed the announcement, calling it timely, as many small businesses continue to struggle with access to financing.

Dr. Holder is also calling for the major Credit Unions to be enrolled in the program in addition to including more than the 180 firms identified.

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