Polaris Bank has introduced a new product called Polaris Health Sector Loan bundle as part of its measures to boost growth of SMEs in the Health Sector

The product is designed to meet the funding needs of healthcare service providers in the country.

The Group Head, Products and Market Development of Polaris Bank, Mrs. Adebimpe Ihekuna spoke on the benefits oof the new products. She said “Polaris Bank is passionate about the health sector in Nigeria and is willing to support the private sector to drive the most desired growth needed for its transformation.”

Mrs. Ihekuna threw more light on the programme “ the product is targeted at meeting the funding needs of SMEs in specific health sub-sectors like: Hospitals (including Dental and Optometry clinics), pharmacies and medical laboratories / diagnostic centers ”

She added that “The Polaris Health Sector Loan product will deliver so much benefits to SMEs in the specified sectors. This will include getting delivering tailor-made funding for their business, payment solutions for collections of fees, financial advisory services, capacity building programs and dedicated relationship management, to mention  few ”

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. Existing and new customers looking to grow their businesses in this sector can access this loan product.