Asialink gets P120-M credit line to boost lending to MSMEs - BusinessWorld Online

LCUWP secures operating line of credit - Lowndes Signal

The Lowndes County Unincorporated Wastewater Program secured necessary operating funds recently, ending the organization’s dilemma of how to provide services without working capital. The organization’s president Carmelita Arnold said First Citizen’s Bank agreed to extend the board a line of credit against its $1.5 million American Rescue Plan Act (ARPA) grant award.  “We have been approved for working capital,” Arnold said. “[Lowndes County Comm…

Asialink gets P120-M credit line to boost lending to MSMEs - BusinessWorld Online

ASIALINK Finance Corp. has secured a P120-million credit line from Taiwan’s Mega International Commercial Bank Co. Ltd. (Mega ICBC) to boost lending to small businesses. The partnership will help expand micro, small, and medium enterprises’ (MSMEs) access to financing, Asialink said in a statement. “Our partnership with Mega ICBC is a meaningful step in widening our capacity to serve more MSMEs across the country. At the heart of this collaborat…

SBI Factors adopts MonetaGo fraud prevention solutions as India pushes MSME lending

SBI Factors, India’s largest factoring company, has partnered with fraud prevention specialist MonetaGo to strengthen security measures across its domestic and cross-border lending operations, as the country’s nascent factoring market shows signs of gradual expansion. SBI Factors, a wholly-owned subsidiary of State Bank of India (SBI) and regulated by the Reserve Bank of India (RBI), began operations in April 1991 as India’s first factoring comp…