Business Hilights
Tracking Nigeria's Headline Business News Online

Revealed: Why Access Bank floated digital lending portal, ‘Cashflow Loans’

Renewed zeal to fast-forward Small and Medium Enterprise (SMEs) in growing and expanding their businesses across the country, leading tier one financial giant, Access Bank has floated on-the-go digital lending portal, christened ‘Cashflow Loans’.

Business Hilights gathered that the scheme is a solution for budding 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 SME customers who have established sufficient cashflow records with the Bank.

Giving insights at the launch of the digital lending portal, the Executive Director, Retail Banking, Access Bank Plc, Victor Etuokwu, reiterated the Bank’s commitment to impact SMEs positively. “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.

Continuing, Etuokwu averred that “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.

Business Hilights recalls that Access Bank Plc had been one of the most innovative financial institutions in Africa, grossing with over 40 million customers and 600 branches nationwide, offering a range of products and services tailored to suit needs and lifestyle of its customers across multiple segments.