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.

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    E-Financial

    Polaris Bank, Nigeria’s leading digital retail, and commercial bank, on Tuesday hosted corporate customers in the non-oil sector at its Global Trade Forum. The...

    News

    Bill Gates, Chair of the Bill & Melinda Gates Foundation, has called on global leaders to make bold choices that could save millions of...

    News

    President Bola Tinubu has declared Nigeria’s ambition to host the 2030 Commonwealth Games a “dream” that must be realised, urging the international sporting body...

    News

    South Korea has opened a criminal trial for Kim Keon Hee, the wife of impeached former president Yoon Suk Yeol, marking the first time...