A business model of SME Bank in partnership with local commercial banks.  A dedicated portfolio is created for the program in the partner bank. The Small and Medium Enterprises Bank and the partner bank deposit the allocated funds into the portfolio. The partner bank manages the portfolio and utilizes these funds directly to finance micro, small, and medium-sized enterprises.

Program Benefits

5 Years

Repayment period

15 million

Maximum financing limit

All

Sectors & economic activities

Microloan

Purpose Meet short & medium-term financing needs
Segment Micro - Accepts SMEs that have been active for more than 6 months
Tenor Repayment period of up to 36 months
Grace Period up to 3 months
Min Financing Amount     50,000
Max Financing Amount Up to     500,000
Audited Financial Statements Not required
Bank Statements Min of 6 months

*Terms and conditions apply

Working Capital Financing

Purpose Meet short-term financing needs
Segment Micro - Accepts SMEs that have been operating business for at least one year
Tenor Repayment period of up to 12 months
Grace Period N/A
Min Financing Amount     50,000
Max Financing Amount Up to     15,000,000
Audited Financial Statements Required for financing greater than     6,000,000
Bank Statements Min of 1 year

*Terms and conditions apply

Term Loan

Purpose Meet capital financing needs
Segment Micro - Accepts SMEs that have been active for at least two years
Tenor Repayment period of up to 60 months
Grace Period Up to 6 months
Min Financing Amount     50,000
Max Financing Amount Up to     15,000,000
Audited Financial Statements Required for financing greater than     6,000,000
Bank Statements Min of 1 year

*Terms and conditions apply

E-Commerce Loan

Purpose Meet medium-term financing needs
Segment All economic activities and sectors operating in e-commerce platforms - Accepts SMEs on e-commerce platforms that have been active for at least one year
Tenor Repayment period of up to 36 months
Grace Period Up to 3 months
Min Financing Amount     50,000
Max Financing Amount Up to     6,000,000
Audited Financial Statements Not required
Bank Statements Min of 1 year

*Terms and conditions apply

Revolving Limit Loan

Purpose Meet short-term financing needs with a revolving credit line that allows enterprises to reuse the financing after repayment, during the year
Segment Accepts start-ups that have been operating business for at least one year
Tenor Repayment period of up to 12 months
Grace Period N/A
Min Financing Amount     50,000
Max Financing Amount Up to     15,000,000
Audited Financial Statements Required for financing greater than     6,000,000
Bank Statements Min of 1 year

*Terms and conditions apply

What documents are required to apply for Financing?

 

Main Documents

  • Valid Commercial Registration (minimum 1 Year) - Ministry of Commerce
  • Social Insurance Certificate - The General Organization for Social Insurance" GOSI"
  • Nationalization Certificate - Qiwa Platform
  • Certificate of SME Size - The Small and Medium Enterprises General Authority “Monsha'at"
  • National Address - Saudi Post “SPL”
  • VAT Return Certificate - Zakat, Tax, and Customs Authority
  • Zakat/Tax Certificate - Zakat, Tax, and Customs Authority
  • Copy of Owner’s ID - ABSHER
  • Bank Statement (1 month for Micro, 1 year for small and medium enterprises) - Current Bank Account
  • Required gov. documents (licenses)
  • Financial Statement (if available) - Qawaem – Saudi Business Center / Internal

 

Additional Required Documents for Multi Owners Companies

  • Copy of Owner’s ID - ABSHER
  • Articles of Association - Ministry of Commerce
  • Partners Resolutions

 

Additional Required Documents for E-Commerce

  • Bank Statement for payment gateway of the last 12 months showing monthly transactions - Payment gateway
  • E-Commerce Authentication Certificate - Business platform – Saudi Business Center

How to Apply

 

Request a call or meeting

Fill info for call back

Customer Support

800 244 9090

email us

MSME_Sales_Team@BankAljazira.com

For more information

https://smebank.gov.sa/en/programs/co-financing-model