From John Silas, Lagos
Access Bank Plc has launched a digital lending portal, ‘Cashflow Loans’, as part of its effort to provide access to finance for SMEs to grow and expand their businesses.
In a press statement, “Cashflow Loans” is a solution for business owners to access loans easily from the comfort of their homes via an online platform while staying safe. This new service is accessible to all Small and Medium Enterprise customers who have established sufficient cashflow records with the Bank.
Speaking at the launch of the digital lending portal, Victor Etuokwu, Executive Director, Retail Banking, Access Bank Plc, reiterated the Bank’s commitment to impact SMEs positively.
He said “In a period like this, when we need to be more present and relevant in the lives of our customers than ever, we have risen to the challenge to ensure business owners have easy access to funds to sustain and expand their businesses while keeping safe. We are committed to not only providing uninterrupted service but superior service to meet the needs of all our customer segments.
“To deliver on our promise to continually give our customers ‘MORE’, we have developed this efficient digital lending platform which will make loan application more convenient with flexible collateral, favourable interest rates, application tracking, robust customer service and much more. We have been focused on providing solutions targeted at boosting the economy because we believe it is our responsibility to contribute to the stimulation of economic growth. With the launch of Cashflow Loans by Access, we are renewing our commitment to providing the much needed financial support to SMEs” Victor concluded.
Access Bank Plc is recognized as one of the most innovative financial institutions in Africa. With over 40 million customers and 600 branches nationwide, it offers a range of products and services tailored to suit needs and lifestyle of its customers across multiple segments.
In line with NCDC recommendations, the bank’s management has continued to encourage its customers to remain safe by washing their hands regularly with soap and water or use of alcohol-based sanitizers and to ensure they wear masks to protect themselves and those around. Wearing face masks is a mandatory requirement to access public places including the bank premises.
