The Managing Director of Rosabon Financial Services, Chukwuma Ochonogor has restated the firm’s commitment to ensuring that businesses remain afloat throughout this uncertain Coronavirus period, through continuous availability of the firm’s various loan packages.
Ochonogor, in a statement made available to BusinessDay, said as part of the measures for this period, eligible business owners and corporate organizations can access loans of up to N200 million with their vehicles as collateral.
This offer, he said, is available to both new and existing clients, corporate organizations and business owners.
Rosabon’s measures come amid the lockdown announced in Rivers State which has seen many businesses and corporate organizations struggling to stay afloat and raise enough money to meet their business demands.
According to Ochonogor, “As Nigerian businesses battle with the growing health and economic challenges of COVID-19, our priority is to ensure that essential service providers and other corporations have access to funds required to meet their rising business demands.
The lifeline offered by Rosabon is expected to help businesses improve cash flow and increase business efficiency, especially for essential service providers in various sectors.
“With our Asset Cash Loans, Corporate entities and SMEs can make use of their vehicles as collateral to access loans up to N200 million within 48 hours at an affordable interest rate and a flexible repayment tenor of up to 24 months. Also, access to top-up is available from as early as the sixth repayment.
“The goal is to deploy our loan offerings and expertise needed by the business community to help navigate the burdens they are faced with while ensuring essential service providers have the funds they need to meet their rising demands.”
Speaking further, Ochonogor said: “We have worked hand-in-hand with Entrepreneurs, Corporate heads in Rivers State and other States in the Federation to support the growth of their businesses for over two decades, recognizing that they are essential to the continued success of our economy.
The hope is that “our loan facilities will help corporate organizations and businesses free up funds currently tied down in their assets to support their business needs and provide the much-needed succour to weather this crisis.”
