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
Bank of Saint Lucia recognizes the real challenges that SMEs face and has devised a strategy to assist them with one of their most pressing issues – access to finance. The Bank’s SME staff are equipped to handle lending as well as other product and service needs of SME clients.
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