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Last Modified 23 March 2025
A product aimed at financing companies and micro-enterprises to finance capital expansions or the operational cycle.
- The facility’s operational age should not be less than 3 years
- The integrity of the credit record of the owner(s) of the facility and the company
- Provide the required guarantees
- Provides the required self-contribution
- The operational cycle reaches 700 thousand riyals
Capital expansions: 2 million riyals
Payment is made according to the case study as follows:
Monthly - quarterly - semi-annual - annual - end of the period
- A copy of the national ID of the owner of the establishment
- A copy of the commercial register and companies’ articles of incorporation
- Financial statements of at least one year for short-term financing
- Financial statements of no less than two years for long-term financing
- Other documents during the evaluation
- If the internal financial statements have something to support them, such as tax statements or a bank account statement, the request can be studied and a decision can be made regarding it.
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