Updated: Mar 21, 2020
The HANSE OIL Group and HANSE Bank Asia, jointly with 'The Oil Club International' are stepping forward to help its accredited and licensed partners (broker and trader), especially smaller ones, tide over the disruption caused by the coronavirus outbreak.
The biggest relief package was announced by the HANSE OIL Board on Saturday (8th of March). HANSE said it has syndicated an amount for its affected accredited clients, particular the small and medium-sized enterprises (SMEs), to have more flexibility in their cash-flow management.
Mr. Ronald C. Schweitzer, CEO said: "We at HANSE OIL want to play our part in our commitment to caring for our partner. For most companies, especially the SMEs, cash flow and financing are key to them sustaining their business. As their long-term group partner, we believe our added support can help alleviate the business disruption and pressure from the ripple effect of the epidemic." Loans for up to a period of 6 to 18 months at a preferential monthly interest rate of 0.25% p.a. and extend working capital financing by up to $25 M.
It may be approved within 48 hours, upon completion of documents, efficiently and quickly.