Genie Financial Services to grant auto loans to COVID-hit SMEs

Loans are offered up to $50,000 per firm.

Auto-finance solutions provider Genie Financial Services will grant loans of up to 15 months to COVID-hit SMEs and full-time private hire drivers, according to a news release.

The firm will provide loans of up to $50,000 per company and plans to lend a total value of up to $5m with a 1.88% p.a. interest rate and without a processing fee.

Applications for the loans are on a first-come, first-served basis.

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