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Mashreq Bahrain, one of the leading financial institutions in the region, has launched its ‘small business loan’, a product that is specifically-designed to meet the lending needs of small businesses in Bahrain. The product will offer customers tailored-financial solutions to grow their businesses.
Small enterprises with a minimum annual turnover of BD150,000 and a three-year record can now apply for a loan of up to BD30,000 offering flexible repayment terms up to 48-months with no collateral requirements, all with a quick turnaround time.
The new facility also comes bundled with a full suite of current account to meet the Small and Medium Enterprises (SMEs) need for accessibility. Iqbal Hasan Khanyari, country head, Mashreq Bahrain, said: “Mashreq Bahrain is committed to delivering convenient products to our customer based on their financial requirements.”
The latest product offering aimed at SME customers is in line with the Bahrain Government’s initiatives to support the growing needs of the SME segment.
