Thousands of SMEs successfully expanded their business thanks to MB's unsecured loan package

SMEs and the problem of capital access in the digital age

According to a World Bank report, by 2030, Vietnam will have about 2.4 million Small and Medium Enterprises (SMEs), accounting for more than 98% of the total number of enterprises in the country. Although contributing more than 40% to the total GDP, most SMEs have difficulty accessing capital due to barriers in collateral and complicated loan procedures. For SMEs, interest rates are not the biggest obstacle, but how can businesses access capital easily and quickly to develop their business activities.

Understanding this need, Military Commercial Joint Stock Bank (MB) has developed an Online Overdraft Credit solution for SMEs on the MISA Lending Loan Connection platform, with a limit of up to 3 billion VND and an automatic approval process based on e-invoice sales.

MB launches quick and easy capital access solutions for SMEs

Thousands of SME businesses receive unsecured capital from MB…

The online Overdraft Credit Solution from MB on the MISA Lending platform is optimally designed for the working capital needs of SME businesses, with many outstanding advantages. The completely digitalized loan process helps businesses take only 2 minutes to complete the application and 5 minutes to receive the preliminary approval results. In particular, businesses can be granted a loan limit of up to 3 billion VND without collateral, thanks to the automatic approval mechanism based on electronic invoice sales. The approval rate is also 10 times higher than the traditional method, providing ease and speed in accessing capital. When having a credit limit at MB, businesses can flexibly disburse online in the form of overdraft; in particular, interest is only calculated upon disbursement and there is no charge for early repayment.

…To write successful business stories

Thanks to these advantages, MB's Overdraft Credit product has become one of the most highly rated solutions on MISA Lending, both in terms of efficiency and user experience.

Happy Agrico Co., Ltd. is a typical example of receiving maximum unsecured capital and optimizing the use of capital for business development. Ms. Tran Thanh Ngan, Director of Happy Agrico, was particularly impressed by the quick and completely online loan process. From the time of loan registration to the time of disbursement, the business only took 1 week, depending on the time the business prepared the online application. During the entire process, loan information was provided transparently and accurately; the application processing progress was also continuously updated.

Thousands of Micro SME businesses successfully disbursed Overdraft Credit from MB

Similar to Happy Agrico, ABA Logistics Company Limited was also impressed with the product because of its approval speed - the credit limit of 3 billion VND was successfully approved on the same day. Mr. Truong Linh An - Director of ABA shared: “If we only use 3 words to describe it, it would be Fast - Convenient - Good. "Fast" is that businesses are approved for the limit after 5 minutes, when registering for a loan, MB staff will immediately support, so they can complete the application and receive loan approval very quickly - on the same day. "Convenient" is that the cooperation program is simple and easy to understand, the approval process, application submission and registration are done entirely online. "Good" is demonstrated through the transparency in the process of granting the limit and processing loan applications by MB. The limit value and interest rate of MB for businesses are also better than similar loan packages on the market".

Ms. Pham Linh Trang, Director of Backstage Joint Stock Company, was particularly impressed with the product's disbursement method: "I find the overdraft disbursement of the product more practical than other loan packages. Thanks to the overdraft, I can proactively pay the suppliers without having to prepare documents at the time of disbursement, and can conveniently supplement the documents later."

After experiencing MB's loan package on the MISA Lending platform, SME businesses are satisfied and willing to share and introduce this product to other businesses; thereby, widely spreading the solution of accessing unsecured capital quickly and easily.

MB's Overdraft Credit is a product that receives many 5-star reviews and has the highest limit approval rate on the MISA Lending platform. Get advice on funding solutions that satisfy thousands of businesses now: https://mbbiz.onelink.me/6ezO/MISA16

Source: https://baodautu.vn/hang-nghin-sme-thanh-cong-mo-rong-kinh-doanh-nho-goi-vay-tin-chap-mb-d289982.html