NCB Cap Market STRATUS aiming to be 'sweet spot' for small businesses

NCB Cap Market STRATUS aiming to be 'sweet spot' for small businesses

BY DURRANT PATE
Observer business writer

Friday, December 04, 2020

Print this page Email A Friend!


NCB Capital Market through its just launched STRATUS suite of alternative funding is aiming to become the “sweet spot” for small business financing throughout the Caribbean.

STRATUS, which is based in Barbados but has a Caribbean reach, is geared at providing a broad range of alternative investment solutions for financing in the Caribbean. In describing STRATUS as a “sweet spot” for small businesses, NCB Cap Market Chief Executive Officer (CEO) Steven Gooden is inviting those in need of capital but who do not have access to the traditional means of financing to come in and benefit from STRATUS.

Speaking at a recent Jamaica Observer Business Forum, Gooden declared that there is a place for small businesses in the various suites of alternative business solutions being rolled out by NCB Cap Market through its STRATUS platform of alternative financing.

STRATUS REGIONAL INITIATIVE

He pointed out that while STRATUS was established in Barbados, it is a regional initiative to provide alternative financial support to the region's small businesses desirous of much-needed capital to grow their enterprises as well as regional governments, which need capital for the provision of goods and services for their people.

Gooden made mention of the infrastructure fund, established under STRATUS, which was recently seeded from a US$10-million private placement last month. This fund, he argued, could be used to provide well-needed infrastructure financing in the event of infrastructure damage caused by a natural disaster.

The NCB Cap Market CEO also referred to the recent disclosure that it would cost upwards of one trillion dollars to repair Jamaica's road network, intimating that funding for such a venture could be accessed through STRATUS Infrastructure fund through public-private partnership arrangements without the Government having to take out massive debts to execute such infrastructure projects.

BARBADOS PREFERRED JURISDICTION

When asked why Barbados was opted as the home base for STRATUS, NCB Cap Market assistanct vice-president for Alternative Investment and Fund Management, Simone Hudson Bernard, sought to explain.

She contended that Barbados was selected based on the fact that the jurisdiction offered the latitude and flexibility needed for the broad range of alternative investment solutions STRATUS is seeking to roll out across in the Caribbean.

Hudson Bernard told The Business Forum that already there is much traction for STRATUS in the local marketplace pointing out that NCB Cap Market has got a lot of enquiries from businesses, looking at these types of alternative financing being rolled out by STRATUS. Hudson Bernard indicated that investors are also calling enquiring about how they can participate and benefit from the funds prodivided by STRATUS.

She explained that there was a soft launch for STRATUS on social media with a more elaborate one to scheduled in the coming weeks.


Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaper-login


ADVERTISEMENT




POST A COMMENT

HOUSE RULES

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT

Poll

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT