UAE-based Gulf Finance Corporation, a leading provider of finance to SME and micro businesses, launched its new business deposit solution, offering improved returns on short to medium term funds.

“SMEs have a wide range of financial needs on both sides of the balance sheet. There is clearly a need to maximize returns on their surplus liquidity through higher small and medium term deposit rates over and above what banks can offer,” explained David Hunt, CEO of Gulf Finance.

“Because of this, we are confident that our rate of interest will strike the perfect cord for such small companies that have surplus cash to deploy and want to maximize their returns.”

The company is offering business deposit rates of 3.25 per cent per annum on three-month deposits valued from Dh1 million to Dh5 million and up to 4.625 per cent on deposits over Dh5 million for two or more years.

Gulf Finance recently relocated to larger premises in Sharjah to accommodate its expanding sales force for small business loans, vehicle finance and working capital facilities.

Gulf Finance Corporation is a wholly-owned subsidiary of Shuaa Capital, a leading financial services firm.  It has office presence in Dubai, Sharjah and Abu Dhabi and serves customers across the UAE. – TradeArabia News Service