Stanbic IBTC offers Simple Loans for SMEs – Blueprint Newspapers Limited

Stanbic IBTC Bank Plc has implemented a business-specific facility to help small and medium-sized businesses cope with the expected customer growth over the Christmas season.

It stated that the short-term loans from N50,000 to N10 million naira of registered SMEs are available and can be requested easily and conveniently through the Stanbic IBTC Mobile Super App, while offering tremendous benefits such as: B. Refund flexibility, limited documentation and zero security requirement.

In support of the product, Remilekun Ishola, Team Leader Digital and Enablement, Enterprise Business Development, Stanbic IBTC said the SME loan was introduced to cushion the impact of the current volatile economy on SMEs.

She said the loan facility provides fast, solid funding to entrepreneurs in dire need of funding to meet their commercial needs during the holidays of the year.

The features and benefits of the SME Instant Loan Facility were discussed in a virtual session on “SME Loans: Meet Your Short Term Needs This Festive Season”.

According to Ishola, the bank has decided to make the product available to SMEs so that they can replenish their goods due to the expected increase in customer numbers due to various discounts available to customers over the Christmas period.

“What is remarkable is the easy accessibility of the loan as it solves one of the key problems faced by small and medium-sized businesses in Nigeria. Access to adequate finance over the Christmas period is a major concern for most businesses and we are sure that the SME loan will help small businesses cope with the influx of customers who will need their services, ”added Ishola .

No tags for this post.

Comments are closed.