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(Press Release) Basseterre, St. Kitts – August 28, 2024 – The National Bank of Anguilla (SKNANB) of St. Kitts and Nevis is pleased to announce the launch of a transformative new initiative, the Small Business Bank, aimed at empowering local entrepreneurs and promoting economic growth.
The program is led by the bank’s Small Business Center and focuses on supporting small businesses through two main products: the Business Start-up Loan and the Business Flex Loan.
“The SKNANB Board of Directors recognizes the critical role small businesses play in our nation’s economic landscape,” said Carol Boddie, Chair of the Board of Directors.
This plan is designed to have a ripple effect that strengthens the entire economy. By supporting small businesses, we are investing in the future of our communities and ensuring our economy remains vibrant and resilient.”
Managing Director Terrence Crossman highlights the practical benefits, saying: “Our Business Startup Loans and Business Resilience Loans are tailored to meet the unique needs of emerging and growing businesses. We understand the challenges entrepreneurs face and we provide not only financial assistance but also the guidance and support needed to successfully navigate those challenges. Our goal is to build long-term partnerships that contribute to the sustainable development of communities.”
CEO Anthony Galloway highlighted the bank’s commitment to the local business community, saying: “Small businesses are the lifeblood of our local economy. Through Small Business Banking, we provide entrepreneurs with the financial resources and support they need to thrive. This program is more than just a financial product; it’s a commitment to the growth and success of small businesses in our community.”
Project highlights:
• Business Start-up Loans: Tailor-made financing solutions designed to help entrepreneurs start their businesses with confidence.
• Business Flex Loan: A flexible loan option that adapts to the changing needs of a growing business.
• Comprehensive Support: Access to the Small Business Center’s expert guidance to ensure entrepreneurs have the resources they need to succeed.
The Bank for Small Business initiative underscores the Bank’s commitment to fostering a thriving business environment in St. Kitts and Nevis. Entrepreneurs and small business owners are encouraged to contact the Bank’s Small Business Centre to learn how they can benefit from this ground-breaking initiative.
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