A short term loan facility aimed at augmenting working capital to finance various business projects and bridge urgent cash flow needs of small and medium enterprises (SMEs) has been introduced by Stanbic IBTC Holdings Plc, a member of Standard Bank Group.
A statement from the lender explained that this pragmatic loan solution enables SMEs to take loans with ease and convenience. It also offers benefits which include repayment flexibility and limited documentation with no collateral.
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