Launching the "Your Financing in Two Days" Initiative as Part of Financing Week Activities

 

Sunday, 6 August 2023

The SME Bank announced the launch of "Your Financing in Two Days" initiative, in partnership with several financing institutions, including: Bank Albilad, Arab National Bank, and Alawwal Bank.
The launch of this initiative coincides with the activities of "Enterprises Week," organized by Monsha'at, at the Enterprise Support Center headquarters in the capital, Riyadh, on August 7–8. During this event, the bank’s representatives will be present at the Enterprise Support Center to answer all questions and inquiries from entrepreneurs. 
The initiative launched by SME Bank aims to expedite the approval process for financing applications, obtain credit approvals, and familiarize enterprises and center visitors with SME Bank’s various financing products and co-financing programs.
The SME Bank’s initiative is part of its efforts to increase financial support for SMEs sector by enhancing the contributions of financial institutions to provide innovative financing solutions, developing the financial and operational capabilities of this sector, and empowering it to contribute to development and the achievement of a prosperous national economy, in line with the objectives of the Kingdom’s Vision 2030.
It is worth mentioning that SME Bank was established by Council of Ministers Resolution No. (376), dated 04/07/1442 AH, as one of the development funds and banks affiliated with the National Development Fund, which aims to increase financing for SMEs sector, bridge the financing gap, enhance the contributions of financial institutions in providing innovative financing solutions, and achieve financial stability for this vital sector, positioning it as a key pillar of economic development in the Kingdom and as an enabler for achieving Vision 2030.