Frequently asked questions
- Capital Expansion Financing: Used to finance expansion activities and operational assets only.
- Working Capital Financing: A financing product dedicated to covering operational expenses.
- Micro Enterprises: From SAR 150,000 up to SAR 1,000,000
- Small Enterprises: From SAR 500,000 up to SAR 10,000,000
- Non-Profit Sector: From SAR 500,000 up to SAR 10,000,000
Up to a maximum of 12 months.
All types of guarantees are accepted. However, a joint and several guarantee from the owner or partners is mandatory. Additional guarantees may be provided, provided that the joint and several guarantee from partners is included.
Yes, this is allowed, provided there is a good repayment history, no defaults record in SIMAH, and sufficient financial capacity to cover both loans.
Micro and small enterprises, in addition to the non-profit sector.
Important links
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