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Sunday, 20 March 2011

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Softlogic Finance introduces simplified business loans

Softlogic Finance PLC is on an aggressive growth strategy, introducing new services including loan facilities similar to those offered by banks.

It has introduced business loans through its corporate lending arm to support medium scale businesses seeking additional funding for expansion. Under this initiative, customers could obtain financing for working capital, trade finance, bridging loans, capital investments and project financing.

Softlogic Finance, previously known as Capital Reach Leasing PLC, was relaunched under the banner of its new parent company, the Softlogic Group, following its acquisition late last year.

The company has seen significant growth and stability since the takeover, prompting it to push forward with new products. "At Softlogic Finance, our approach is innovative," said Director Nalin Wijekoon. "We adopt a practical view to the evaluation of business proposals and base our decisions on the merits of each case."

The most important factor for loan applicants is that the company will give them a response within three days and disbursements are done immediately on approval.

Softlogic Finance PLC has eight branches in provincial towns and has plans to expand its network.

 

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