Small and medium-sized enterprises (SMEs) in Aruba, Curaçao, and Sint Maarten will now have better access to financing thanks to the newly launched BMKB ACS guarantee scheme, introduced this week.
The program is designed to help businesses that lack sufficient collateral to secure loans. By partially covering the lending risk, the government increases the likelihood that banks and other financial institutions will approve financing requests.
Modeled after the successful Dutch guarantee scheme, the BMKB ACS is managed by the Netherlands Enterprise Agency (RVO) on behalf of the Ministry of the Interior and Kingdom Relations. The initiative aims to strengthen the entrepreneurial climate in the Caribbean part of the Kingdom and reduce barriers for business investment.
The scheme is open to SMEs with up to 250 employees and will remain available until July 1, 2027. With this measure, entrepreneurs in diverse sectors across the islands will have greater opportunities to expand, invest, and contribute to sustainable economic growth.
Discussion about this post