Revolving Limit 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] with a revolving Credit limit that is re-initiated and set once the entire loan part has been paid.
Loan Purpose: to fulfilling short-term financing needs & to cover the business operating expenses of Micro, Small, and medium enterprises with flexible loan withdrawals within the pre-approved credit limit.
Main Features
• All industries are inclusive
• Financing up to 8 million SAR
• Financing tenor up to 12 months
• Minimum of 1 year for Active CR
* Terms and conditions apply
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