The JMMB Group will launch its small and medi­um en­ter­prise unit this month to pro­vide busi­ness plan­ning, fi­nan­cial ad­vice, and tar­get­ed so­lu­tions to fa­cil­i­tate the growth and ex­pan­sion of small and medi­um en­ter­pris­es (SMEs).

In a state­ment the com­pa­ny said the unit is cross-re­gion­al, with sup­port from its Ja­maican coun­ter­part, and will pro­vide so­lu­tions de­signed around spe­cif­ic client busi­ness goals.

These so­lu­tions in­clude con­ve­nient and ef­fi­cient means of re­ceiv­ing and pay­ing bills, ef­fec­tive cash man­age­ment, term and un­se­cured loans, and the in­vest­ment of dis­cre­tionary in­come where ap­plic­a­ble, as well as fi­nan­cial ad­vice from SME ex­perts, it not­ed.

SME spe­cial­ist man­ag­er Tim­o­thy Gyan said this of­fer­ing from JMMB could not have come at a more apt time.

“JMMB recog­nis­es just how hard the lo­cal SME com­mu­ni­ty has been hit as a re­sult of the im­pact of COVID-19. As we move in­to the post-pan­dem­ic pe­ri­od and the coun­try awak­ens from the stay at home or­der, SMEs will be as­sess­ing the fi­nan­cial im­pact of the virus on their busi­ness­es, if they have not al­ready done so,” the com­pa­ny said.

It not­ed that the busi­ness plans they may have en­vi­sioned for 2020 and be­yond no longer ap­ply in this new nor­mal, adding that the JMMB SME unit is well-po­si­tioned to pro­vide fi­nan­cial ad­vice and ed­u­ca­tion that can as­sist them in mov­ing for­ward with their goals.

In ad­di­tion to the crit­i­cal ser­vices pro­vid­ed by the SME unit, JMMB clients will have the added ben­e­fit of ac­cess to the JMMB SME re­source cen­tre.

The cen­tre is sup­port­ed by in-house and ex­ter­nal ex­perts who con­duct needs as­sess­ment analy­sis and pro­vide ac­cess to busi­ness de­vel­op­ment tools and tem­plates, among oth­er ser­vices.

The JMMB team will al­so host a vi­sion board­ing ex­er­cise for SME clients next Wednes­day.

This on­line event will pro­vide at­ten­dees with guid­ance as to how they can set their short, medi­um and long terms goals with­in the new eco­nom­ic en­vi­ron­ment.

A fol­low-up ses­sion will be held on June 4 and will in­clude a step by step train­ing on how to de­vel­op a com­pre­hen­sive busi­ness plan.