Covid-19: Access Bank Launches Cashflow Loans to Support SMEs
Access Bank Plc has launched Cashflow Loans by Access, a digital lending portal which allows business owners to access loans to grow and expand their business from the comfort of their homes, while staying safe. Cashflow Loans by Access is an online loan platform accessible to Small and Medium Enterprises seeking to expand their businesses without the usual processes of loan application as prospective customers can apply, process and receive their loans from the comfort of their homes.
Victor Etuokwu, the Executive Director, Retail Banking, Access Bank Plc during the launch said the Cashflow loan is aimed at ensuring that businesses access loans to sustain continuity; even in the prevailing pandemic-induced restrictions on movement. He further stated that Access More means that businesses can receive more services and benefits from the bank. “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,” he said.
Etuokwu reiterated that the newly launched digital lending platform “will make loan application more convenient with flexible collateral, favourable interest rates, application tracking, robust customer service and much more.”
He added that Access bank considers it its responsibility to contribute to the stimulation and boosting 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.
This development is only the latest of the bank’s efforts to support and encourage its customers to adhere to the Nigeria Centre for Disease Control (NCDC) recommendations
With over 40 million customers and 600 branches nationwide, Access Bank has continued to roll out customer friendly services and products to encourage the growth of businesses in the country.