Ihekuna, explained that, “the product is a loan program targeted at SMEs in specific health sub sectors such as: Hospital’s (including Dental and Optometry clinics), Pharmacies and Medical Laboratories / Diagnostic Centers, with a view to meeting their funding needs.

“The Polaris Health Sector Loan product offers a lot of benefits for SMEs in the identified sectors including getting tailor-made funding for their business, payment solutions for collections of fees, financial advisory services, capacity building programs and dedicated relationship management, to mention a few.” 

The bank recently introduced Polaris Salary Advance to provide a quick finance solution that enables customers to address spending needs such as: household bills; health expenses; repairs & replacements; unexpected travels and moving expense.

The Polaris Health Sector Loan is available as overdraft or term loan with extended tenors, depending on the unique funding needs which include working capital requirement for stock/consumable purchases, term loan for rent, renovation, remodeling or expansion, acquisition of operational vehicles, generators, air conditioners and refrigerators for storage. The product is available to existing and new customers looking to grow their businesses in this sector.

Polaris Bank is customer-centric and well positioned to deliver industry-defining products, services and platforms across all the key market segments of the Nigerian economy.

source: ThisDay