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Citibank UAE $1m SME credit

Citibank is offering a credit facility of up to $1m for SME owners in the UAE. The facility, called Property Power, will be secured against freehold properties owned by customers in projects by Emaar, Nakheel and Dubai Properties. Terms are up to ten years and it carries an overdraft. (ameinfo.com)

A commendable initiative which might be very useful for young entrepreneurs. But just wondering if an SME owner young or old has the power to buy a propoerty why wouldn't he or she invest it into the business himself?

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posted by bizzwhizz at 12:08 PM

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