Tag Archives: Small Business

Fund Access for Success

  The quantum of deposits that you see in Credit Unions and Commercial banks are not capital. They may at best be described as savings, maybe money, BUT NOT CAPITAL. These institutions are Financial Intermediaries, that may, according to their risk preference, transform them into loan capital. I note that one other high profile commentator makes the same mistake –

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The Adrian Loveridge Column – Opportunities for Small Business to Grow EXIST!

Despite all the challenges, impediments and red tape currently associated with the growth of small businesses and start-ups, I still see a world of possibilities out there for those persons really determined to be their own boss, especially in the tourism sector. A recent case in point was a small farm offering free range eggs with complimentary delivery on what

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The Adrian Loveridge Column – Entrepreneurs and Bank Managers Live On a Parallel Planet

This week’s column is a very personal one for which I make no apologies as I sincerely believe this country is at a critical crossroads with very limited decision choices. While not professing for a second to have any special financial skills, the mere fact that I have been in essence, an entrepreneur since the age of 13 for more

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‘Home Drum Beat First’ -The Sale of Barbados National Bank by Owen Arthur

For many one of the enduring memories from the Owen Arthur Barbados Labour Party (BLP) tenure is the sale of the Barbados National Bank (BNB) to the Trinidad based Republic Bank Limited. Arthur continues to defend his decision by offering that the BNB was a loss making entity hamstrung by a high level of government bureaucracy and non performing loans.

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Government Needs to Protect Small Businesses

Perhaps more than many, I can empathise with individuals who have recently seen their business either fail or brought dangerously close to insolvency. In 47 years it has happened to me twice and in both cases, they were largely external forces which caused near personal financial catastrophe. Of course, it is easy to attribute the blame to others but in

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Usury Interest Rates?

A couple of days ago we approached our bank about rates for a commercial mortgage and were quoted rates of between 11.5 and 14.5 percent interest. Yet only recently I saw an article where the banks were attempting to pressurize the Central Bank to lower the interest rate paid to depositors from the current minimum of 2.5 per cent. How

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Government Must Not Kill The Golden Goose – Small Hotel Suffers 50 Percent Hike In Land Tax Valuation

Just when you were beginning to think that it was almost impossible to absorb anymore increased operational costs and stay in business, out of the blue comes yet another surprise. This time for us, its a 50 per cent hike in our Land Tax Valuation. The number of hotels that have closed over the last 16 years now exceeds thirty

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