Mashreq sets no limit on capital for clients

Dubai Mashreq has upgraded its trade and working capital facility for small and mid-sized business clients.

The revamped product can be tailored to the needs of individual clients and sets no limits on the size of the transactions.

This is specifically for customers requiring support on their working capital and for the import and export of goods or services.

What the upgrade has done is allow clients to place less collateral and comes with faster turnaround times.

"There is a constant need to extend financial solutions parallel to the increased requirements of this segment to ensure its development," said Rohit Garg, head of business banking at Mashreq.

"Our focus lies in offering tailor-made products that will serve the business objectives of our SMEs."

The bank earlier introduced its Majestic SME Finance, which offers solutions through a business loan or trade finance.

They come with flexible financing, a free business current account with no minimum balance, free business credit card, platinum business debit card and free access to MashreqBusiness Online.