Cascador, Sterling Bank Launch $200m Backstop for SME Loans

• • 1 min read
Cascador, Sterling Bank Launch $200m Backstop for SME Loans

LAGOS — Cascador and Sterling Bank have announced a $200 million credit-risk backstop fund that could support up to $1 billion of loans to small and medium-sized businesses. Borrowers will be recommended by venture capital funds and start-up studios. Cascador Chief Executive Trish Thomas and Sterling Group Executive Obinna Ukachukwu presented the scheme.

◉ 5,524 Views

Sorry, this whatsapp community is filled.