Access Bank announces N50 billion interest-free loan for small businesses

Access Bank has announced N50 billion in support of Nigerians through interest-free loans and grants to support communities, the youths as well as micro, small and medium-sized businesses.

The bank disclosed this through its official LinkedIn page.

It said the move was to support businesses following the crippling COVID-19 lockdown as well as the looting and arson that trailed the #ENDSARS protests.

According to the bank; “Now more than ever, we remain committed to our purpose of impacting lives positively.

” In light of the recent occurrences, we will be supporting Nigerian businesses with N50 billion interest-free loans and grants. Watch this space for more information.”

The support by Access Bank is expected to help business owners and entreprenuers alleviate and stimulate economic activities, as well as produce many positive multiplier effects on the economy.

“As a way of supporting SMEs and the working class of the country following the recent damage of properties and livelihoods experienced across the nation, @myaccessbank has rolled out interest free loans of up to N50 billion.

“The fund is expected to serve as a kickstart to these affected communities, people and businesses. #AccessCares #All4One,” the bank added.