Jamaica

Jamaican capital to host event this week on adopting Model Law on Secured Transactions

Jamaica s opposition Senator of Industry and Commerce has advocated factoring as a powerful tool for MSME growth and development. Here, he talks to Factorscan about his plans to develop the island s factoring industry.

Jamaica s main opposition party, the People s National Party (PNP), has revealed that it is considering the development of factoring to help support small and medium sized businesses in the region.

SME representatives claim that banks are holding government funding back from the sector.

Jamaican commercial bank First Global Bank has closed its first transaction through IDB's trade finance facilitation program

First Global Bank (FGB) has received a loan of up to US$6 million from the Inter-American Investment Corporation (IIC), which will be used to provide medium- and long-term subloans to SMEs

The National Commercial Bank is offering unsecured credit or financing to SMEs whose working capital is tied up in outstanding receivables from their clients.

Even in instances where companies do not take the extraordinary step of booking charges, they are still troubled by what they say is the culture of late payments among businesses

Member of Parliament for North West St James Dr Horace Chang launched a small business development project in his constituency.