Seylan Bank Accelerates SME Credit Access with 3-Day Decisions 📈

Seylan Bank has streamlined its SME lending process to provide loan decisions within just three working days for facilities below Rs. 25 million, significantly reducing the traditional multi-week waiting period for entrepreneurs. • Efficiency Gains: The 3-day commitment applies to 'Atha Hitha', 'Dinana Aya', and specialized working capital schemes once documentation is submitted. • National Credit Guarantee (NCGIL): In partnership with the Government and ADB, Seylan is supporting MSMEs lacking collateral. Loans from LKR 500k to LKR 25Mn can now be secured with NCGIL guarantees covering up to 67% of the value. • Women’s Entrepreneurship: The LIYA SHAKTHI scheme provides enhanced guarantee coverage of up to 80% specifically for women-led MSMEs. • Sector Focus: The initiative targets growth in manufacturing, tourism, agriculture, IT, and exports to bolster national economic diversification. • Accessibility: Support is channeled through 171 branches and 13 dedicated SME hubs, featuring doorstep assistance for documentation and financial planning. This move aims to improve liquidity and business continuity for the MSME sector, which remains a backbone of employment in Sri Lanka.