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Mashreq offers loan for small businesses.

Mashreq Qatar 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.

Niranjan Mendonca, head, retail banking, 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 tailor-made for SMEs are designed to reach a larger pool of small businesses in need of flexible funding. These businesses and SMEs 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," he added.

Gulf Times Newspaper 2012

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Publication:Gulf Times (Doha, Qatar)
Date:Oct 24, 2012
Words:172
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