Supreme Business Hub Inks MOU with JMMB Group SME Resource Centre

The Supreme Ventures Services Business Hub (SVS Business Hub) has inked a deal with JMMB Group SME Resource Centre,  that will give rise to a referral programme designed to allow small and medium-sized enterprises (SMEs) to grow, scale and expand by tapping in the range of services offered by SVS Business Hub.

Under the memorandum of understanding (MOU), SVS Business Hub will be listed as a Recommended Service Provider by JMMB Bank. Therefore, JMMB will refer clients seeking back-end office services such as payroll, accounting, marketing, graphic design, and technology services to the newly launched SVS Business Hub, based on the client’s best fit and needs. 

Dennis Chung, CEO of Supreme Ventures Services, a subsidiary of the Supreme Ventures Group under which the Business Hub operates, says the move is a testament to the potential of the Business Hub to make an indelible mark on the Jamaican economy (and even beyond) by supporting small and medium businesses in their growth quest.

“This move shows that other companies that are in the business of supporting small businesses recognize the potential of the SVS Business Hub. Through this partnership Jamaican entrepreneurs will be able to access the best in services from two of the largest commercial enterprises in Jamaica and give their businesses the best chance to grow and expand,” he said.

In describing this partnership as a win-win for clients, Shani Duncan-Falconer, senior corporate manager, JMMB Group SME Resource Centre shared, “We are happy to onboard SVS Business Hub as a recommended service provider, as it broadens the range of services that our SME clients will have access to, as we seek to support them in scaling and growing their businesses, especially in the current economic environment.” Further underscoring the partnership approach, she said, “We will remain with our clients throughout their entire journey, even as we assist them to access the range of support services, from our recommended service partners that best suit their unique business needs.”  

Clients in Jamaica and Trinidad and Tobago, where JMMB Group recently opened the doors of its SME unit, are set to benefit from the full range of services offered by SVS Business Hub. 

This agreement is in keeping with JMMB Group’s strategic thrust towards building out its focus on small and medium-sized enterprises (SMEs), in line with its financial inclusion and integrated financial partnership approach.   As part of its strategy, the JMMB Group intends to add value to its SME clients, through the provision of the financial partnership, resources, innovative financial solutions and a network, throughout these SMEs businesses’ life cycles; thereby, providing necessary support for the growth in the sector and filling the gaps that currently exist in the financial sector. 

The MOU has a lifespan of one year with an opportunity to reengage afterwards.