To enable SMEs in the Middle East to access working capital easily, UAE-headquartered Mashreq bank has introduced a new initiative called the ‘Supplier Finance’ program. It leverages the creditworthiness of larger buyers to offer a more cost-effective early payment to their smaller suppliers, which will reduce the overall cost of financing the supply chain. The program complements the bank’s existing receivable solutions that provide its clients with a one-stop, end-to-end supply chain finance facility. It will also ensure ready and uninterrupted access to adequate capital for SME owners so that they can thrive and make a positive impact on their ecosystem.
