SME DEFINITIONS
NCB SMEs are segmented based on this.
What is "turnover on deposit accounts for the 1-year period?"
This is a type of deposit account available to NCB SME customers.
What is "Business Current Account" / "Business Savings Account" / "Business Electronic Transactional Account?"
"Merchant Advance", "Quick Biz" and "SME Boost" are all examples of this?
What are SME Lending Solutions / Unsecured Loans / Loan Products?"
This defines a customer in the micro SME segment in relation to turnover.
What is "turnover less than $15M?"
This account type provides SME customers with access to overdraft services.
What is "Business Current Account?"
This facility enables SME merchants to use their future debit and credit card receivables and E-Commerce flows to access affordable financing on an unsecured basis.
What is "The Merchant Advance Facility?"
This defines a customer in the small SME segment in relation to turnover.
What is "turnover between $15M and $75M?"
The "Start-up Package" and " Business Premium Plan" are examples of these.
What are "SME Product Packages?"
This product was designed to provide unsecured financing to existing MSME customers for short-term business needs.
What is "The Quick Loan Product?"
This turnover defines a customer in the medium SME segment.
What is "turnover between $75M and $475M?"
Under this facility SME customers access up to J$100M or the US$ equivalent funding for any legitimate business purpose.
What is "The Business Grow Loan Facility?"
This turnover defines a customer in the large SME segment.
What is "turnover between $475M and $600M?"
Under this facility SME customers can access up to J$250M in funding for productive purposes.
What is "The SME Boost Facility?"