The government of Barbados has given their SMEs a boost by introducing a Trade Receivables Liquidity Facility (TRLF).
The Barbados Small Business Association (SBA) is launching an online business information system (BIS) to keep track of the sector's economic data.
The president of the Barbados Small Business Association, Senator Sandra Husbands is calling on financial institutions to offer more support to small businesses.
The reluctance of some banking institutions to facilitate the use of the lines of credit made available through the Central Bank has created a major drawback for the development of small businesses in Barbados.
Small businesses will benefit more from technical and financial assistance with the establishment of a financial charter between government and the sector.
The Barbados-based Caribbean Financial Services Corporation (CFSC) has received funds of Ђ8 million from the European Investment Bank (EIB) to further its work in helping to launch and develop small- and medium-sized enterprises (SMEs) in the Orga