Working Capital 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 Short-Term Financing needs: & to cover short-term expenses including the following:
1. Operating expenses including Rent, Utilities, Salaries to employees (Full-time/Part-time), Transportation, and other short-term liabilities
2. Raw Material and finished goods purchases.
Main Features
- All sectors inclusive
- minimum of 1 year for Active CR
- Financing up to 15 million SAR
- Financing tenor up to 12 months
* Terms and conditions apply
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