LOLC Finance Factoring powers business growth

LOLC Finance PLC, the largest non-banking financial institution in Sri Lanka, brings to light the significant role of its factoring business unit in providing indispensable financial solutions to businesses across the country.

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LOLC Finance Head of Factoring Deepamalie Abhayawardane

With a robust network of over 200 branches, LOLC Finance Factoring offers distinctive support to enterprises, ranging from small-scale entrepreneurs to corporate giants.

In light of the recent economic challenges, LOLC Finance Factoring emerged as a lifeline for most businesses, ensuring continuous liquidity to navigate through turbulent times. By facilitating seamless transactions through online platforms and expediting payments, the company played a pivotal role in sustaining essential services, including supermarkets and pharmaceuticals.

LOLC Finance Head of Factoring Deepamalie Abhaywardane emphasised the increasing relevance of factoring in today’s economy.