While setting up a new business is a big achievement for many, the whole journey is never easy. A major struggle starting a business is running into unexpected cash flow issues, which generally for small businesses only gets harder given limited access to traditional financing.
This is all about to change for small businesses as Grab, through its lending arm, Grab Financial Services Philippines, Inc., launches its Quick Cash loan service program.
With Quick Cash’s fast disbursal and easy application process, merchants can easily acquire a business loan that is tailored to their current needs, with no collateral required, and a flexible repayment term from 6 to 12 months.
Whereas loan service programs have historically required tedious efforts in acquiring capital, Quick Cash aims to shorten the process to make everything easier.
Interested merchants will only have to confirm their merchant details with Grab with no additional requirements needed, and they are already all set to receive their needed capital and financial support—all in less than seven days.
Quick Cash also aims to make loans more accessible and affordable. With Grab using data acquired from merchants such as their earnings to deduce the best loan amount, the platform is able to personalize loans for each business to ensure they are able to afford their loan safely.
Daily and automatic micro-deduction are also put in place by the program to help make repayments more convenient and hassle-free.
Interested merchant-partners may view more details about Quick Cash here.