Stanbic IBTC Bank Offers Funding Support to Healthcare SMEs in Nigeria

By Modupe Gbadeyanka In a bid to guarantee the delivery of quality healthcare services and retain skilled professionals, Stanbic IBTC Bank has provided a range of financial products to Small and Medium Enterprises (SMEs) in Nigeria. The lender, a subsidiary of Stanbic IBTC Holdings Plc, made this possible through a partnership with Tillit MSME Microservices. The bank is providing funding packages to healthcare SMEs in Nigeria through short-term loans of up to N10 million; overdraft facilities of up to N2 billion; and term loans of up to N5 billion. The funds can be used for crucial purposes including stocking medication,