Applications Financing
Jahez

An electronic product offered by the Social Development Bank, it aims to finance small and micro enterprises whose sales rely on Jahez electronic application devices. This is intended to support the project's operational cycle and capital expansion. Financing amounts range from180,000 ♦ to 10 million ♦ (with a maximum of 50% of total Jahez electronic application sales), without the need to visit bank branches.

Apply

The specifications of the Jahez e-applications product for financing small and micro enterprises are summarized in the following points:

  • Financing ceiling of up to 10 million ♦ (with a maximum of 50% of total Jahez e-applications sales).
  • Repayment period of up to 5 years.
  • Payments are made monthly.
  • Administrative fee of 7%.
  • Annual service fee of 7%.

To obtain financing for the Jahez e-application product, the following conditions must be met:

  • The facility must be operational for at least two years.
  • Use of Jahez e-application devices must be at least 12 months.
  • A minimum annual sales limit of 360,000 ♦ is required, and a maximum of 40 million ♦ is required.
  • If the financing amount is higher than 5 million ♦ , an audited budget for the last 12 months is required.
  • The project must be approved and meet the standards after the bank's initial project visit.

To obtain financing for the E-Apps product - Ready, the following requirements and documents must be provided:

  •  
  • Commercial register.
  • National address.
  • A copy of the applicant's national ID.
  • Nitaqat report.
  • Tax returns for the last 12 months.
  • Electronic payments statement - Ready for 12 months.
  • A declaration of no objection to an external inquiry on the owners and guarantors.
  • Audited balance sheet for the last 12 months (if the financing amount is greater than 5 million ♦ ).

If the legal entity of the establishment is "Company" requires the following additional files:

  • Copies of the national ID cards of partners and sponsors.
  • The articles of association.

  • A guarantee of damages and performance for a third party (if the facility is an institution or a sole proprietorship).
  • A guarantee of damages and performance for partners (if the facility's legal entity is a "company").
Apply
icon
Target group:
Establishments with revenues not exceeding 40 million ♦
icon
Beneficiaries:
1,109 beneficiaries
icon
Fees:
7% administrative fee
Annual service fee 7%
icon
Channels:
Sadad Bill
icon
Availability:
24/7
icon
SLA:
55 Working Day
icon
Channels:

   

icon
Language
Arabic
guides
User's Guide:
User's Guide: User Guide
icon
Start date:

2020 

FAQs
Click Here
Customer Service:
 Phone 
 920008002 
Email 
 care@sdb.gov.sa 
info
Internal strategic engagement

Financing the “point of sale” product intersects with one of the bank’s strategic objectives: Facilitating and providing financing and products to small and emerging enterprises

info
International strategic engagement

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

Product Features

Financing ceiling

Financing ceiling

10 million ♦ Maximum 50% of total e-app sales - Ready

financing period

Financing period

5 years

payment method

Payment method

Monthly

administrative fees

Administrative fees

7% administrative fee 7% annual service fee

grace period

grace period

-

Customer Journey

submit an application

Submit an application

eligibility check

Eligibility check

treatment

Treatment

exchange

Exchange

Any Question Banner
Do you have any questions?

If you have any questions about Jahez, please see the questions:

FAQs Contact Us

Related Products

Horizon Laon

Horizon Laon

Existing Facility

An electronic product offered by the Social Development Bank, specializing in financing existing companies and institutions aged 3 years or more, with annual sales between SAR 3 million and SAR 40 million. It aims to support these entities in achieving continued economic success without needing to visit the bank's branches.

ApplyDetails
Excellence financing for companies

Excellence financing for companies

Existing Facility

An electronic product provided by the Social Development Bank, aiming to finance micro-enterprises for capital expansion or operational cycles. It enhances the ability of these companies to improve their performance without the need to visit the bank's branches.

ApplyDetails
Liquidity financing

Liquidity financing

Existing Facility

An electronic product offered by the Social Development Bank to finance micro-enterprises for various financial needs swiftly, with a financing ceiling of SAR 300,000, provided that sales do not exceed SAR 40 million, without visiting the bank's branches.

ApplyDetails
POS Loan (Coming soon)

POS Loan (Coming soon)

Existing Facility

An electronic product provided by the Social Development Bank. It aims to finance small and micro-enterprises relying on sales through POS devices and electronic applications, supporting operational cycles and capital expansions. Financing starts from SAR 180,000 up to SAR 10 million (up to 50% of total POS and electronic application sales) without needing to visit the bank's branches.

Details

Comments

No Comments

Rating

0(from 0 rates)
Chat
Smart Assistant
Welcome to the Smart Assistant of the Social Development Bank .... We wish you a happy time and access to what you want.