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Ascend, the California-based insurance payments platform, has announced a $250-million lending commitment to finance insurance premium loans through its platform facilitated by Hudson Structured Capital Management Ltd, doing its re/insurance business...

Financing for a controversial solar project at the National Sports Centre was approved by the NSC’s Board of Trustees in May, the sport minister reiterated at the Senate. In response to questions Ernest Peets, the Minister of Youth, Culture and Port,...

Study loans of about $15,000 to trainee teachers to tackle staff shortages in public schools are to be set up, the education minister announced today. Diallo Rabain said the teacher’s certification bonded loan scheme would help ease the cost burden ...

The construction company hired to lead the failed Caroline Bay luxury hotel project has been accused of transferring funds meant for local subcontractors out of Bermuda, in breach of an agreement. A written complaint was made to the Bermuda Police S...

Seniors and people with disabilities were today encouraged to apply for an interest free loan available since January last year following a lack of take up. The loan to fund renovations to make homes more accessible, were implemented through a partne...

The Cabinet Office has refused to release records about a loan of $800,000 to an exempt entertainment company because of a police investigation. Marc Telemaque, the Cabinet Secretary, wrote to The Royal Gazette yesterday to say there would be no dis...

Information Commissioner Gitanjali Gutierrez has ordered the Cabinet Office to make a decision on whether to release records about an entertainment company which was lent $800,000 from the public purse. The Royal Gazette requested the documents ...

Entrepreneurs looking for loans could have less red tape to overcome after a partnership between the Bermuda Economic Development Corporation and the Bermuda Credit Union was announced yesterday. David Burt, the Premier, said that the link-up would h...

The owner of a natural deodorant business said yesterday she did not think her firm would have survived without the backing of the Bermuda Economic Development Corporation. Surlena Smith, who runs PondaPits, said sales went into a major slump after t...

A $24 million stimulation package from the Business Economic Development Corporation will have little impact on small businesses in North East Hamilton, some entrepreneurs predicted yesterday. Business owners Charles O’Brien, Jenefer Brimmer and Carm...

Desperation could lead people to get in over their heads with fast-cash lenders, an MP has warned. Leah Scott, the deputy Opposition leader, said that people who were struggling financially were attracted by personal loans that might become difficult...

Court summons were issued for 26 people on a single day after they racked up thousands of dollars worth of debts to an unlicensed fast-cash lender. Lawyers for Caribcash Bermuda filed a string of writs against people who it was claimed had defaulted ...