SME Banking Overview

At Bank of Saint Lucia, we recognize the real challenges that SMEs face in accessing finance. Our SME team understands that every business is unique and we are committed to designing customized solutions for your business enterprise and for you. Whether its growth or expansion, BOSL is here to help. We have a vested interest in seeing your business thrive!

What is an SME? 

  • The term SME Lending refers to lending to businesses with total exposures (direct and indirect) of up to $1 Million
  • Small businesses are those with loans/lending facilities up to $200,000
  • Medium-sized businesses are those with loans/lending facilities above EC$200,000 but no higher than EC$1M

Small and medium-sized enterprises (SMEs), are the foundation of our Saint Lucian economy. According to Saint Lucia’s Ministry of Commerce and Industry, over 80% of businesses on the island are SMEs, a statistical testament to the critical role that these businesses play in the economy. SMEs are a major source of employment, and therefore are vital to the alleviation of poverty as well as the social and economic stability of the island. They span a wide and diverse range of sectors such as hospitality, cosmetology, construction, transportation, manufacturing and agriculture, to name a few.