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Entrepreneur secures $200k funding through SBDC – photos

The Access Accelerator, Small Business Development Centre has assisted Cheryl’s Bahamas Taxi & Tours in accessing $230,000 in debt financing from the Royal Bank of Canada. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Tuesday, August 6, 2019
Tuesday, August 6, 2019

The Access Accelerator, Small Business Development Centre (SBDC) has assisted Cheryl’s Bahamas Taxi & Tours in accessing $230,000 in debt financing from the Royal Bank of Canada.

Cheryl Cambridge, owner of Cheryl’s Bahamas Taxi & Tours began her taxi business in Grand Bahama in the early 1980s.


Since buying her first car in New Providence, Cambridge presently has a fleet of 12 cars and two tour buses. Now, with the funding acquired through the SBDC, the entrepreneur hopes to add four more cars to her company.

The SBDC is the product of a tripartite arrangement between the government, through the Ministry of Finance, University of The Bahamas (UB) and the Bahamas Chamber of Commerce and Employer’s Confederation (BCCEC).

The centre will work to guide the development, funding, growth, and evolution of micro, small and medium-sized enterprises in The Bahamas.

Entrepreneur secures $200k funding through SBDC - photos

Entrepreneur secures $200k funding through SBDC - photos

(BIS Photos/Unattributed)

Minister of Financial Services, Trade & Industry and Immigration Elsworth Johnson, met with the Secretary of the United Nations Commission on International Trade Law and the US Charge d'Affaires in Nassau earlier this week.

The Ministry of Finance announced last week that Bahamas Government Registered Stocks have been approved for listing on the Bahamas International Securities Exchange.

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