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Mashreq unveils new solution to enable SMEs to access working capital

Dubai-headquartered Mashreq bank has launched the Supplier Finance initiative to enable SMEs in the region to access working capital easily. This new program leverages the creditworthiness of larger buyers to offer early payment to their smaller suppliers in a more cost-effective manner. This, in turn, will reduce the overall cost of financing the supply chain. According to Mashreq, the newly-launched Supplier Finance initiative complements its existing receivable financing solutions that address supply chain finance needs. It will positively impact the SME ecosystem as it will provide a one-stop and end-to-end facility to clients and thereby ensure ready and uninterrupted access to adequate capital.

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