Some small businesses will not meet bank loan criteria

President of the Georgetown Chamber of Commerce and Industry (GCCI) Lance Hinds wants small business aspirants to come to terms with the reality that some of their business proposals will fall short of the requirements for commercial bank loans and that, accordingly, realistic alternative ways must be sought to finance their ventures.

“Not all startups and emerging businesses can go to the banks to borrow funds,” Hinds told Stabroek Business in an interview just over a week ago, part of which was published in last Friday’s edition. Simultaneously, the GCCI Head said that some grant schemes, “while extremely helpful, are sometimes tied to a series