What are you looking for?
Top ten most popular FAQs
Who are we?
The AASBDC is a government sponsored collaboration with the Chamber of Commerce and University of The Bahamas to boost small businesses (Macro, Small and Micro Enterprises, or MSMEs) in The Bahamas to help boost the economy. As a quasi government facility, we fall under the Ministry of Finance.
Currently, we provide services in startup training (mandatory for all startups) and advisory services for existing business. In the future, we are working toward accessing financial capital for all of our clients. We currently have services in New Providence, Exuma and Grand Bahama.
The Executive Director of the AASBDC is Ms. Davinia Blair. There are two Senior Business Development Specialists: Nicholas Higgs, based in Nassau, and Yvette Oconno, based in Freeport.
Our Board of Directors are Geoffrey Andrews, Dr. Olivia Saunders, Merrit Storr; Ellison Delva, Clifford Johnson, Hank Ferguson, Tyrina Neely, Gina McKenzie, Remelda Moxey, Kristie Powell, Christian Sawyer, and Pedro Rolle.
What are the services we provide?
The MSME sector is the backbone of the Bahamian economy, and when MSMEs succeed, the community benefits. The Access Accelerator Small Business Development Centre offers the following services to facilitate that success:
Business Advisory Services: Our Business Development Specialists will provide clients with confidential, one-on-one advising.
Training & Entrepreneurial Programming: The Access Accelerator and its partners will host training seminars and events to equip and inspire Bahamian entrepreneurs.
Mentorship & Incubation: A mentor will be assigned to each Access Accelerator client. Some clients will be provided incubation opportunities for enhanced results.
Advocacy: The Access Accelerator will provide advocacy on behalf of the MSME sector as a whole or on behalf of clusters of companies. The day-to-day advisory and mentorship interactions will present a steady stream of opportunities to enhance policies, legislation and regulations that govern the sector.
Access to Capital: While the Access Accelerator is not a direct provider of capital, we will ensure the seamless facilitation of access to capital for our clients.
Where are our locations?
Our main office in New Providence is found at the Gladstone Freight Terminal (Fire Trail Road West). Our other locations in New Providence are at Incudesk (Chesapeake Road and Jerome Avenue), and Venture Coworking (Palmdale, across from the Aliv store). In Grand Bahama, we are located at the Harold DeGregory Complex at the Office of The Prime Minister.
What is the process to apply?
- Log on to our website: www.sbdcbahamas.com
- (Type directly into the URL. If you google it, it will take you to the WRONG website www.sbdcglobal.com/bahamas).
- Once you are on our website, fill in your information under “Request An Appointment”.
- Stay on the page and it will redirect you to calendar website to make appointments.
- If you have a start up business, it will be for a
MANDATORY two week, three day (Monday, Wednesday, Friday) two hour training course. Classes are held at the Gladstone Freight Terminal. The times are at 10am, 2pm and 6pm.
- If you have an existing business, you will meet with an advisor at the next available date on the website.
Does funding come in the form of a grant or a loan?
We have three types of funding:
- Grants – Grants will be awarded to entrepreneurs under the age of 40 and who are underprivileged. The maximum grant will be $20,000.
- Loans – Your advisor would work with you to build the best plan possible and option for loans or equity for your unique business. Interest rates on loans will be specific to business plans. This is a government guarantee loan which means that we will work to get you the best interest rate.
- Equity – Your advisor would work with you to build the best plan possible and option for loans or equity for your unique business. This would be when you would offer a percentage of your business to an investor in exchange for capital.
I have a startup business idea, what do I do?
Sign up on our website and you will have to undergo the MANDATORY two week, three day (Monday, Wednesday, Friday) two hour training course.
How do I list my company in the directory?
Click the Directory Resources Submission Form and fill out the form.
I have a business but no business license (Just started). What do I do?
- In order to be considered an existing business, you must have a business license for up to one year. Until them, you will be considered a start-up.
- Sign up on our website and you will have to undergo the MANDATORY two week, three day (Monday, Wednesday, Friday) two hour training course as you would be considered a start-up.
- You can then register for a business license at vat.revenue.gov.bs or inlandrevenue.finance.gov.bs.
How much does the program cost?
Should I expect to see an email after I sign up?
You will receive an email before your appointment/class date.
I googled the website, but it doesn’t seem right. Can you help me?
Type sbdcbahamas.com directly into the URL. If you google it, it will take you to the WRONG website: www.sbdcglobal.com/bahamas
What is your contact information?
I just finished the start up training course, when will I receive information on my advisor?
There is a wait period. Please wait on an email from firstname.lastname@example.org to continue. (Check your spam mail)