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APS lends IGY Marinas USD 16 million for expansion

By   /  January 29, 2021  /  Finance, Local News, Tourism  /  Comments Off on APS lends IGY Marinas USD 16 million for expansion

CAYHILL — Algemeen Pensioenfonds Sint Maarten (APS) and IGY Marinas agreed on the terms of a loan for the Yacht Club at Isle de Sol (IDS) in Simpson Bay. The loan will enable IDS to increase their clientele, complete the restaurant enhancement project in the marina, and refinance existing agreements to more favorable conditions. It […]

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INTRODUCTION OF NEW CONDITIONS FOR THE CONTINUED FINANCING OF BUSINESS PAYROLL SUPPORT

By   /  June 24, 2020  /  Business, Economy, Finance  /  Comments Off on INTRODUCTION OF NEW CONDITIONS FOR THE CONTINUED FINANCING OF BUSINESS PAYROLL SUPPORT

The Sint Maarten Stimulus Support and Relief Program (SSRP) will be following new regulations starting June 1st, 2020. On May 13th the Netherlands sent conditions for receiving liquidity support for COVID-19. This included adjustments in the current SSRP structure and execution. The Payroll Support Plan will subsidize a maximum of 60% of wages at SZV […]

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