Consumer Affairs Unit

The Consumer Affairs Unit is charged with the responsibility for dealing with consumer related matters.  The unit advises consumers on their rights and responsibilities, monitors commercial activities to determine adverse trade practices while identifying issues affecting consumers, receives and investigates consumer complaints and conduct continuous field research into consumer needs/preferences as they relate to goods, services and prices.

10th European Development Fund (EDF) for the Overseas countries and territories in the Caribbean region

The overall objective of the Caribbean OCTs SME Programme is to contribute to OCTs Economic Diversification and Prosperity by improving SME competitiveness.

Power Move Academy Entrepreneurship Training

The PMAC training series focuses on the development of business from ideas and raw materials into ownership, operation and management in various industries. It emphasizes foundational concepts, quality management and finance management in developing a seamless customer-centered business. The challenge of providing a world-class business is addressed through sections on principles of business, problem solving, automation systems, inventory management, customer fulfillment and service delivery.

NBB Loan Guarantee Programme (LGP)

The National Business Bureau Loan Guarantee Programme (NBB LGP) is a joint initiative of the Government of the Virgin Islandsand the National Bank of the Virgin Islands.  The National Business Bureau Loan Programme encourages and supports community economic development by making loan funds available at the community level to small startup or existing businesses.  The program is used to provide help to entrepreneurs who otherwise might not get started.

Who may apply?

National Business Bureau

Overview:  The National Business Bureau (NBB) was established specifically for the development of the MSME sector.  Its general mandate is to create a nurturing business environment whereby a network of businesses, agencies and organisations can partner with the Government in order to revitalise and sustain economic growth.  NBB’s efforts to assist entrepreneurs and small business owners are especially critical during these difficult economic times.

Loans shall be granted at a preferential fixed interest rate of five percent (5%) for the first year. thereafter, Prime + one and three quarter percentage points, with a floor rate of five percent (5%)

You probably won't get the money all at once.  Please note that the bank will require that you send in purchase orders or invoices before releasing any part of the funds. It is imperative that monies borrowed are used for the purposes for which they were granted.