Abu Dhabi Finance & Beehive Enter Landmark Lending Partnership
The ground-breaking partnership, which provides vehicle finance lending for RTA-registered assets to SMEs, aims to further support SMEs, aligning with the Government’s vision.
As part of the collaboration, which allows both companies to expand their product ranges and provide new lending options to customers, ADF and Beehive will issue their loans based on asset values, with ADF securing loans through its existing mortgage process. This combined offering will enable SME borrowers to potentially leverage more against vehicle purchase values. Beehive investors, on the other hand, will be able to invest in these new loans on the online marketplace in the same way that they currently do for unsecured business finance, with the additional benefit of having the security on these assets held by a robust regulated finance institution such as ADF.