SCB's business instalment loans to aid SMEs

STANDARD Chartered Bank is offering Small and Medium Enterprises (SMEs) a special Business Instalment Loan promotion from now till April 2, 2010 that features 100 per cent waived processing fees.

Lim Yu Kwang, General Manager of SME at Standard Chartered Bank stated: "We understand the challenges that SMEs face such as growing financial needs whilst expanding operations or adjusting to changes in the economy and environment.

"Speed to market or the flexibility and ability to respond quickly and seize market opportunities remain important to the success of SMEs."

Standard Chartered Bank's Business Instalment Loan offers a range of benefits, tailored to meet each individual's business financial needs to achieve their business expansion plans and to grow their business.

In Brunei where 90 per cent of businesses are SMEs, Standard Chartered believes that it is important to understand what and how banking products such as this, can help a business find greater leverage for its operations.

"The Business Instalment Loan is just one of the many products and services that Standard Chartered Bank can offer to businesses, however it is important for businesses to understand the potential that such a product can bring to them.

"Apart from the usual interest rates and offers, SMEs should also realise how their relationship with their supporting Bank can make such a big difference.

"With dedicated SME consultants, more than 50 years experience of banking in Brunei and an international network spanning over 70 countries, Standard Chartered Bank is committed to being the right business partner to SMEs," Yu Kwang added further.

The Brunei Times