The head of the Trust Loan Fund said they are focused on refinancing loans of existing clients who may have been pushed to the brink of closure by the COVID-19 pandemic.
“What we have recognised is that during the COVID period, a lot of businesses were seriously impacted,” general manager Jerry Amos said yesterday after the opening of a series of workshops entitled: Money And Debt Management For Small Businesses, at Christ Church Parish Church.
“When we took trips into The City, we realised a lot of our businesses are no longer in their stores, but that does not mean the businesses were closed. The persons could have moved home, so we have to do some surveys to find out the status and see how we can help.
“But we have decided we are going to concentrate fully on helping our existing clients so they can survive. We’ve attempted to give them additional financing on top of what they already have. So we are refinancing loans for clients who are in desperate need of a life stream,” Amos said.