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Wema Bank inaugurates Quick Loan for businesses

Wema has launched Quick Loan to assist entrepreneurs, startups and corporate customers scale their businesses.

The feature, which is hosted on ALAT for Business, its corporate internet banking platform, will help small/medium-scale enterprises (SME) and corporate customers access loans of between N100,000 and N10 million.

Quick Loan will enable ALAT for Business users to access loan services from any location without the need to locate a branch.

Product Manager ALAT for Business, Samuel Robson, highlighted the pivotal role that SMES play in the economic, employment and export growth in Nigeria.

He said: “Despite the significant contribution of SMEs to the Nigerian economy, challenges persist that hinder the growth and development of the sector.’’

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In his statement, he stressed: “Loan access has been one of the most challenging factors faced by this sector and we understand the need to support SMEs by providing easy access to the loans they seek.”

“Hence the launch of Quick Loan on ALAT for Business, a platform that serves our corporate customers and SME owners.

“We believe this extra feature will help to mitigate some hassles entrepreneurs and businesses experience.’’

The ALAT for Business Quick Loan is open to customers on that platform and does not require cumbersome paperwork.

ALAT for Business is the internet banking platform designed to help corporate customers and entrepreneurs manage their business accounts optimally and stay on top of their finances from anywhere and anytime.

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