Deputy Prime Minister and Minister of Finance stated that last week the
Small Business Development Centre (SBDC) rolled out the Government’s $20
million COVID-19 response, targeted to provide loans to small
businesses, ranging from $5,000 to $300,000.  Approved loans will have a
payment grace period of four months.

Partnering financial
institutions will facilitate the actual loan processing– to include the
vetting of the required information, the approvals, the issuing of
funds, and the collection of payments after the four-month moratorium,
DPM Turnquest explained as he announced an update on the Government’s
stimulus measures…
Source: https://www.thebahamasweekly.com