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Your email address will not be published.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

ad

You May Also Like

News

House of Representatives has resolved to probe the alleged unremitted N1.8 trillion and $342 million tax revenue owed to the federation by Multichoice Group....

News

Last year was the safest ever for commercial air travel, despite a massive rebound in passenger flights, an airline industry group said Wednesday. The...

Tech

Chukwuemeka Fred Agbata, CFA, MD/CEO of Anambra State ICT Agency, has championed a transformative approach to innovation in the civil service. His insights, shared...

Tech

National Communication Commission (NCC) has directed telecom operators in Nigeria to disconnect telephone subscribers who have not linked their National Identification Numbers (NIN) by...