DOHA MASHREQ Qatar, a leading financial institution in the region, has expanded its bouquet of financial solutions to facilitate small business owners and self-employed individuals.
With the launch of the ‘Small Business Owner Loan’, self-employed small business owners can apply for loans to cover their personal expenses.
Speaking about the new offer, Head of Retail Banking at Mashreq-Qatar Niranjan Mendonca said, “Mashreq understands the needs of many small business owners who need to occasionally invest in personal events without compromising their business cash-flow. Running a small business can be challenging, and by offering the personal loan option, we are providing flexibility and peace of mind for successful business owners to balance their personal and professional expenses in one simple step.” “Our business banking solutions specifically tailormade for SME’s are designed to reach a larger number of small businesses in need of flexible funding. These businesses and SME’s form the backbone of Qatar’s economy and we believe that providing accessible credit facilities will enable these companies to grow, open new markets and deliver higher returns,” Mendonca added.
Mashreq business banking aims to develop the community of small businesses by offering a full suite of financial solutions that include a business current account, trade working capital facilities, built-in pre-approved credit lines and small business loans.
Business owners can transact with Mashreq’s award winning online business banking platform and can also avail themselves of wealth management and insurance solutions through certified financial professionals.
Mashreq is one of the UAE’s leading financial institutions in the region.
Founded in 1967 as Bank of Oman, the bank has played a pioneering role in the industry, particularly in retail banking. Among its many firsts, it was the first to launch such products as travellers’ cheques, credit cards and ATMs.
Mashreq has received numerous international awards such as the Best Bank in the UAE in 2008 from Euro money and various awards particularly for quality management.
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