Polaris Bank offers business loan to SMEs

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Chuks Udo Okonta

Polaris Bank has introduced a cash flow lending product for Small and Medium Enterprises (SMEs) tagged; Polaris Business Loan.

A statement issued by the Bank, the Group Head, Products & Market Development, Mrs. Adebimpe Ihekuna, said the facility offers both existing and new SME customers of the Bank the opportunity to access quick loans for stock replacement, equipment finance, working capital and business expansion to sustain and scale up in the business. This forms part of the lender’s continuous efforts to support the growth of small and medium scale businesses.

The loans, she noted can be used for a wide range of purposes such as stock replacement and purchase of raw materials, renovation and expansion, Asset acquisition etc. SMEs who take the business loans are also eligible to access free tailor-made capacity building trainings which is offered periodically by the Polaris Business Advisory Academy.

Mrs. Adebimpe Ihekuna, said: “The difficulty which used to characterize one of the challenges faced by SMEs in accessing funding for their business is now a thing of the past, adding that the Bank do not only offer loans but financial advisory; as well as empowerment programs on business intelligence”

To apply, existing and new customers of the Bank should visit any Polaris Bank branch to complete the loan application process or send an email to for assistance.

For additional information on Polaris Bank’s products and services, please contact Polaris Bank’s Yes Centre on 0700-POLARIS (0700-767-2747) or via email at

Polaris Bank is a future-determining Bank committed to delivering industry-defining products, and services, across all sectors of the Nigerian economy.

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