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Last Modified 23 March 2025

Entrepreneurs
Loan

An electronic product offered by the Social Development Bank. It is a long-term financing product designed to support the assets and operational costs of entrepreneurial and startup projects. The financing amount starts from 50,000 and goes up to 500,000 ♦ , without the need to visit the bank’s branches.

The specifications and features of the entrepreneur financing product are summarized in the following points:

  • A financing ceiling of up to  500,000 ♦ .
  • The repayment period is up to 9 years (including the grace period).
  • The financing is disbursed in two installments: (first installment: 75%), (second installment: 25%).
  • Payment is made monthly.
  • Administrative fee: 7%.
  • Annual service fee: 1%.

To obtain support for entrepreneurs, the following conditions must be met:

  • The applicant must be of Saudi nationality.
  • The applicant’s age must not be less than 21 years and not more than 65 years.
  • The applicant’s academic qualification must not be less than an intermediate certificate.
  • The applicant must own the project 100%.
  • The commercial registration must not exceed 6 months from the date of submission.
  • The scope of the project must be on the list of activities supported by the Bank.
  • The applicant must be fully employed before signing the financing contract.
  • Passing the training course from one of the partner agencies.
  • Passing the personal interview.

To obtain support for entrepreneurs, the following requirements and files must be provided:

  • A copy of the academic qualification.
  • Personal bank account number (IBAN).
  • A copy of the commercial register (its issuance date does not exceed 6 months).
  • Identity copies of sponsors (maximum 4 sponsors).
  • A document identifying the sponsor’s salary.

  • 100% salary deduction guarantee.

 

 

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Target:
Citizens, male and female
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Beneficiaries:
New
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Fees:
Administrative fee 7%
Annual service fee 1%
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Payment Channels
SADAD Service
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Availability:
24/7
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SLA:
35 working days
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Channels:

   

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Language
Arabic
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Service start date

2016 

Customer Service:
 Phone 
 920008002 
Email 
 care@sdb.gov.sa 
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Internal strategic engagement

Financing the entrepreneurs’ product intersects with the fourth strategic goal of the Social Development Bank. Providing value-added financing for small and emerging projects.

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International strategic engagement

Financing the product of entrepreneurs intersects with Goal 9 of the United Nations Sustainable Development Goals. It can be viewed here here

Product features


Financing ceiling

Financing ceiling

Up to 500,000 ♦

financing period

Financing period

9 years

payment method

Payment method

On a monthly basis

administrative fees

Administrative fees

Administrative fee 7%
Annual service fee 1%

the grace period

The grace period

Up to 12 months

Customer journey


apply

Apply

eligibility check

Eligibility check

processing

Processing

exchange

Exchange

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Do you have any questions?

If you have any questions about family finance, please see the questions:

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