Pan Asia Bank launches ‘SME Re- Energizer’ loan for SMEs

Pan Asia Bank has introduced its new ‘SME Re-Energizer’ loan, in partnership with the Sri Lankan Government, designed to provide essential financial assistance to SMEs and MSMEs across 
Sri Lanka. 
The ‘SME Re-Energizer’ offers investment loans up to Rs. 15 million per SME client with a valid business registration, available at a highly competitive interest rate of 7 percent per annum. 
This scheme targets key sectors, including manufacturing, construction, exports, tourism, apparel, fisheries, animal husbandry, agriculture, and agro-based industries. With flexible repayments, the scheme aims to provide long-term financial solutions tailored to the specific needs of each 
business entity. 
The scope of the SME Re-Energizer loan includes purchase of assets such as machinery, equipment, or furniture for business expansion. The scheme also covers cost reduction initiatives such as solar installations and productivity improvements, vehicle purchases for the tourism sector, business expansion through the introduction of new or advanced technologies, and new constructions, expansions, or refurbishments of factories, buildings, or warehouses and tourism sector 
related locations.