Business Banking

Financial relief measures for Small Businesses

Last updated 16/06/20

Loan Relief Options

Loan Relief Options

We are working on measures to support you and your business during this uncertain time. Together we will find a solution that meets your unique needs.  

For details on options that are available, please see FAQs below.

Night Deposits

All of our branches are equipped with a night safe chute to accept business banking customers’ deposits.

Bank with us OnLine

Sign up for Scotia OnLine for Business and gain access to Cash Management Services. View current balances, get detailed transaction reports, and perform a range of other essential banking services, all without ever having to step a foot into the branch.

Go to Scotia OnLine for Business

Frequently Asked Questions

I have questions about financial implications to my business because of COVID-19.

 

We have all been adjusting to the effect of the COVID-19 pandemic. Small business owners are among those hardest hit and we continue to work on measures to support you and your business during this uncertain time. We recognise that having available cash flow is important, and as such, if your business continues to be financially impacted by the pandemic and you are unable to resume your regular payments, please contact your Business Banking Officer or email: businessbankingTT@scotiabank.com to discuss your options. Our support team is ready to provide you with further assistance such as combining your debt to give you more flexibility.

Relief options are generally available to customers in good standing with the Bank – which means facilities less than 90 days past due. However, qualification will be assessed on a case by case basis for all customers. Please contact us at businessbankingTT@scotiabank.com to discuss your options.

For loans secured by real estate, proof of up to date property insurance will be requested. Other information needed will be advised by our Call Centre/ your Business Banking Advisor based on the individual circumstances of your business and your request.

I have questions about how and where I should bank right now.

You can complete your Business Banking needs with the following options available:

Access to Scotia Online for Business allows businesses of all sizes to:

·       View detailed balance and transaction reports

·       Customize access according to your employees’ needs

·       Transfer funds, pay employees, bills and government taxes

·       Send and receive wire payments around the world

·       Deposit cheques and view Cheque Image Statements

·       Upload and download payment files

Yes, you can. 

View FAQs for the SME Stimulus Loan Facility.