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Manila Bulletin devider Technews devider Grab gives assistance to merchant partners with its Quick Cash program

Grab gives assistance to merchant partners with its Quick Cash program

Published May 19, 2022 10:22 am

Managing a new business can be quite a struggle and running into unexpected cash flow issues, which generally for small businesses only gets harder given limited access to traditional financing. Good thing Grab, through its SEC-licensed lending arm Grab Financial Services, paves a way for financial inclusion through its new loan service program known as Quick Cash.

Grab reinforces commitment to financial inclusion, rolls out Quick Cash for merchant-partners

Quick Cash is available to all Filipinos, especially for Grab's merchant-partners. With it, 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.

Unlike other loan programs that are long and tedious, with Quick Cash, merchants will only have to confirm their merchant details with Grab. No additional requirements are needed. In less than 7 days, everything is all set with merchants ready to receive their needed capital and financial support. The whole process is shorter and hassle free. The platform can also personalize loans for each business. This is to ensure they are able to afford their loan safely making Quick Cash accessible and affordable.

Quick Cash is one of the many programs Grab has in place, this time to support them with innovative financial services and be with them every step of the way in making their business grow.

“Many of our budding MSME merchant-partners are in need of access to financial solutions - especially in the first few steps of their business which they have worked very hard to bring into fruition, and we are fully-committed to supporting them every step of the way. Our new loan service program will provide many of our MSME merchant-partners the very push that they need to scale their enterprise and grow their business on the Grab platform,” says Martha Borja, Head for Grab Financial Philippines.

Interested merchant-partners may view more details about Quick Cash through https://www.grab.com/ph/merchant/finance/hub/products/ to keep up-to-date on the latest offerings by GrabFinance.

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