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    August 08

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DLP queries status of Trust Loan Fund

RACHELLE AGARD, rachelleagard@nationnews.com

Added 17 July 2020

ryan-walters

Democratic Labour Party (DLP) spokesman on small business, Ryan Walters. (FILE)

Democratic Labour Party (DLP) spokesman on small business, Ryan Walters, is calling on Minister of Small Business Dwight Sutherland to explain why the much touted Trust Loan Fund has been halted.

He said it had been drawn to the party’s attention that the $5 000 loan, aimed at assisting entrepreneurs and helping them to start a business, was no longer taking on new applicants or further disbursing any funds.

Walters said there was $40 million for the Trust Loan Fund, $20 million for the Wage Fund and further support from the National Insurance Scheme for self-employed people.

“We cannot continue to allow people to be sent home every week and we have support that is untapped. It’s not like they put $20 million and asked you to put another $100 million,” he stated. (RA)

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