BLC Bank has moved to strengthen its position as the go-to bank for Small & Medium Enterprises (SMEs) in Lebanon, revealing its full range of Financial and Non-Financial Solutions for business customers.
Already established as a leader in the field of financial services for SMEs, BLC Bank has raised the funding limit to the amount of half a million dollars for small enterprises with a maximum of 50 employees, and to more than 4 million dollars for medium enterprises with 50 to 150 employees. On the other hand, BLC Bank have broadened their scope to reach out to a larger number of SMEs through NGOs and associations all over Lebanon.
BLC Bank has redoubled its commitment to that crucial sector of the economy by building a major offering of services and products to help entrepreneurs with the myriad challenges of growing their businesses. Entrepreneurs can now benefit from a support program that helps them build successful companies in three ways; through Learning and Development, giving them access to technical training, workshops and roadshows; through Market Exposure, allowing them to participate in networking events and conferences; and through Information and Guidance by sharing in the bank's expertise and experience via the SME Toolkit (http://lebanon.smetoolkit.org) and the WE Initiative (http://we-initiative.com), as well as financial advisory services. Nonetheless, the Bank launched the Brilliant Lebanese Awards to honor entrepreneurs, men and women, who have achieved a significant success in the region.
Mr. Youssef Eid, Assistant General Manager -Head of Retail Banking Group at BLC Bank, said: "BLC's aim is to be more than just a lender. Instead we want to become a true partner in the story of our customers' success. That means going beyond the traditional services and really focusing on what our clients need to thrive such as mentoring, advisory services and technical trainings. It's important to us as a Bank and it's crucial for the economy too, given that SMEs contribute more to the economy and employ more people than any other category of business."
The challenges facing SMEs are many and varied, going beyond the simple need for traditional business banking. With its unparalleled range of Non-Financial Services, BLC is determined to do everything possible to help Lebanese SMEs flourish. Of course, the Bank also offers a full range of financial products and services including accounts, loans and insurance cover as well as comprehensive retail, corporate, private and investment banking services.
