Term Loan
Description:
This type of financing is targeting Micro, Small, and medium enterprises [whose annual revenues do not exceed SAR 200 million and the number of employees not exceeding 250].
Loan Purpose: to fulfilling Medium-Term Financing & The purpose of Term Loans is to provide medium-term financing for SMEs, including fixed assets purchases and business expansion.
Main Features
● All sectors inclusive
● Minimum of 2 years for Active CR
● Financing up to 15 million SAR
● Financing tenor up to 36 months
● Grace period up to 6 months
* Terms and conditions apply
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