Partnership gives more SMEs access to non-collateral business loans
In adherence to their unwavering commitment to advancing financial inclusivity, GCash and its affiliate, FUSE Lending, have entered into a significant Memorandum of Agreement (MOA) with Esquire Financing. This partnership aims to facilitate unsecured business loans for small and medium enterprises (SMEs), marking a noteworthy step towards enhancing credit accessibility.
This collaborative accord stands as a pivotal achievement in bolstering the scalability prospects of enterprising individuals with commendable creditworthiness. By teaming up with Esquire Financing, GCash extends its capacity to furnish deserving SMEs with much-needed credit support.
Within the GCash portfolio of lending solutions are the following offerings: GCredit, which extends a revolving credit line; GGives, an avenue for users to conveniently divide payments into manageable installment plans; and GLoan, providing versatile cash loans based on the user’s credit evaluation. Through the strategic alliance with Esquire, the horizons of SMEs are anticipated to expand, fostering business growth.
This synergistic partnership underpins the shared aspiration of “Finance for All” held by GCash, FUSE Lending, and Esquire Financing. Together, they’re unifying their efforts to eliminate impediments to SME progress, ensuring seamless access to crucial capital resources.
Tony Isidro, CEO of FUSE Lending, expressed enthusiasm for the forthcoming collaboration, stating, “The prospect of collaborating with Esquire Financing was met with great excitement. This union promises to harness the strengths of both parties in delivering an effortless credit access experience for entrepreneurs.”
With its inception in 2011, Esquire Financing has emerged as a prominent non-bank lender within the SME landscape. It has introduced non-collateral business loans tailored to suit the distinctive requirements of each creditworthy SME, spanning from P100,000 to P10 million.
Rajan Uttamchandani, Chairman and CEO of Esquire Financing, conveyed his satisfaction regarding the partnership with FUSE Lending and GCash, envisioning a future dominated by mobile disbursements and collections. Uttamchandani proclaimed, “The collaboration with GCash and FUSE holds immense potential in unlocking accessible avenues for business proprietors to access indispensable funds.”
Leveraging the expansive user base and user-friendly interface of GCash, coupled with FUSE’s proficiency in retail lending and Esquire Financing’s SME lending expertise, this alliance has the potential to empower countless entrepreneurs nationwide, revolutionizing their route to essential capital resources.
For additional details, please visit: https://www.gcash.com.
