Connect with us

Hi, what are you looking for?

E-Financial

Polaris Bank Introduces Business Loan for SMEs

Polaris Bank has introduced a cashflow lending product for small and medium scale enterprises (SMEs) tagged: ‘Polaris Business Loan.’

The facility offers both existing and new SME customers of the bank the opportunity to access quick loans for stock replacement, equipment finance, working capital and business expansion to sustain and scale up in the business.

The bank explained in a statement that the initiative forms part of its continuous efforts to support the growth of small and medium scale businesses.

“The loans can be used for a wide range of purposes such as stock replacement and purchase of raw materials, renovation and expansion, asset acquisition etc.

“SMEs who take the business loans are also eligible to access free tailor-made capacity building trainings which is offered periodically by the Polaris Business Advisory Academy,” it added.

Mrs. Adebimpe Ihekuna, group head, Products & Market Development, was quoted to have said: “The difficulty which used to characterise one of the challenges faced by SMEs in accessing funding for their business is now a thing of the past,” adding that the bank do not only offer loans but financial advisory; as well as empowerment programs on business intelligence”

“To apply, existing and new customers of the bank should visit any Polaris Bank branch to complete the loan application process or send an email to designated email portal for assistance,” it added.

Click to comment

Leave a Reply

Your email address will not be published.

ad

You May Also Like

Politics

Sen. Ademola Adeleke of the Peoples Democratic Party (PDP), was on Sunday sworn in as the sixth Executive Governor of Osun, along with his...

Politics

Outoing governor of Osun, Alhaji Gboyega Oyetola, says he left N14 billion in the state’s coffers for his successor, Sen. Ademola Adeleke. In his...

News

Transformational personalities in the tech ecosystem were celebrated at the third edition of the CIO Awards, with the theme “Honouring Digital Eminence”. Edniesal Consulting...

Tech

Ahead of the auspicious commissioning of the Digital Industrial Park (DIP) project in Kano State, the Executive Vice Chairman of the Nigerian Communications Commission...