The alliance between UnionBank, ADI, and LBC Express marks a significant development in the realm of bank financing for small businesses in the Philippines.
With this agreement, LBC clients gain access to UnionBank’s small business financing solutions, serving the surging demand among businesses involved in “social selling” activities.
Enrique V. Rey Jr., the CFO of LBC Express, views this partnership as an extraordinary opportunity for LBC clients to secure vital funding that can propel their businesses to new heights.
By harnessing the resources and expertise of UnionBank and ADI, small businesses will have the chance to obtain the financial support they need to thrive in a dynamic market landscape.
To ensure a seamless loan application process, interested LBC clients will undergo a thorough evaluation conducted by ADI’s AI-powered scoring service. This innovative approach streamlines the assessment procedure and provides a fair and efficient means of determining loan eligibility.
Roberto Abastillas, EVP of UnionBank, said the collaboration aligns with the bank’s commitment to fostering economic growth and empowering aspiring business owners.