Access Bank Unveils Digital Cashflow Loans For SMEs

Access Bank Plc has unveiled a digital lending portal. This portal allows business owners to get Access Bank loans to grow and expand their business from the comfort of their homes, while staying safe. This digital lending portal is also known as ‘Cashflow Loans by Access’. It gives a seamless access to a digital platform for small and medium enterprises to apply, process and receive loans from the comfort of their safe zone.

The Executive Director, Retail Banking, Access Bank Plc, Victor Etuokwu, said the bank is aimed at ensuring that businesses access loans to sustain continuity. This is against the backdrop of the lockdown and restrictions amidst the COVID-19 pandemic. 

Mr. Etuokwu, at the launch of the digital lending portal, 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.

Access bank developed the digital lending platform to make the loan application more convenient with flexible collateral, favourable interest rates. Applicants can as well track their applications via the portal which offers robust customer service.

According to the Director, “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 cash flow loans by Access, we are renewing our commitment to providing the much needed financial support to SMEs”.

This is a welcome development in the entrepreneurship space by Access bank. It further reignites its responsibility to contribute to the stimulation and boosting of economic growth. Also, this is the latest of the bank’s efforts to support and encourage its customers to adhere to the guidelines of the Nigeria Centre for Disease Control (NCDC). 

What To Know About Access Bank

Access Bank is recognised 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 the needs and lifestyle of its customers across multiple segments.

Recall, that earlier this month, in a bid to strengthen the capacity of players in the Nigerian healthcare sector, Access Bank, under the auspices of the Central Bank of Nigeria, issued loans, worth up to N100bn.

The loan scheme was a part of a six-point palliative by the Central Bank of Nigeria (CBN), of which Access Bank was a Participating Financial Institute (PFI). It was developed to provide funding to indigenous pharmaceutical companies and other organizations in the healthcare value chain. These loans enabled them to increase capacity and meet the increasing demand for healthcare arising from the pandemic.

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