@lambo.242: The Bahamian banking system has more than $3 billion in excess liquid assets, so why do we still hear concerns about access to financing for local businesses? 🇧🇸 Economist Therese Turner-Jones recently argued that more financing could be directed toward start-ups, small businesses and local manufacturers. But Central Bank data adds an interesting layer: commercial loan applications increased 22.3% during the first half of 2026, and roughly 91% of applications were approved. So how can both things be true? A high approval rate only tells us what happened to businesses that actually made it to the formal application stage. Banks still want to see reliable financial records, cash flow, repayment capacity and a viable business model. The lesson for business owners is simple: Make your business as finance-ready as possible. Keep proper books. Separate business and personal finances. Know your numbers. And be able to explain how borrowed money will help the business grow and how it will be repaid. Because the issue isn’t simply whether money exists. It’s how we connect that money with viable Bahamian businesses that can actually use it to grow. And if you need help getting your business finances organized — or you’re an individual looking for one-on-one financial coaching — you can learn more through the link in my bio. #bahamastiktok #bahamiantiktok🇧🇸 #Entrepreneurship #FinancialLiteracy #lamontastwood
