How much funding is available for the Royal Caribbean Programme?

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• What is the Royal Caribbean Programme?

  The Access Accelerator has partnered with Royal Caribbean Group to provide funding and training opportunities for micro, small and medium-sized enterprises (MSMEs) in the tourism sector. This programme is open for entrepreneurs on New Providence, ...

• Who is reviewing Royal Caribbean Programme applications?

  Applications that pass the initial screening process will be forwarded to the Royal Caribbean Programme Committee ("Committee") comprising of representatives from Access Accelerator, Bahamas Agriculture and Industrial Corporation; Bahamas Chamber of ...

• What is the Funding Structure of the Royal Caribbean Programme?

  Existing small businesses can apply for up to $15,000 in combined grants and loans based on their size and annual sales. The funding structure is 50% grant and 50% loan to be paid over a term of 5 years. The budget for this programme is $500,000 and ...

• What are the eligible purchases for the Royal Caribbean Programme?

  Under the Royal Caribbean Programme, applications will be approved to cover business costs related to: Inventory Supplies Packaging Uniforms Marketing (including branding and advertising) Public Liability Insurance Coverage Permits and Licenses ...

• I applied for the Royal Caribbean Programme, when will I be notified regarding my application’s status?

  The Royal Caribbean Programme Committee will meet to review applications mainly on the basis of business viability, management expertise and creditworthiness. The approval cycle is bi-monthly. Businesses that are approved by the Committee will ...