An electronic service for applying to the Excellence financing for companies product financing solution tailored to support the growth and expansion of micro-enterprises in Saudi Arabia. This product aims to empower these companies through funding for capital expansions or providing liquidity for operational cycles, enhancing their performance and contribution to the national economy—all without visiting the bank branches
- About The Product
- Conditions
- Requirements
- Capital expansions with financing amounting to 2 million riyals
- Operational cycle financing up to 700 thousand riyals
- Short-term financing for one year or long-term financing for 5 years, including a grace period
- Payment method: monthly, quarterly, semi-annually, annually, at the end of the term
- Administrative fees are 7%
- Annual service fee 1%
Target Category
Micro-enterprises and enterprisesBeneficiaries
NewFees
Administrative fees: 7%
Annual service fees: 1%Payment Channels
Payment billAvailability
24/7
SLA
53 Working DaysService Start Date
2020
Language
ArabicFAQs
Click Here920008007
920008007care@sdb.gov.sa
care@sdb.gov.saProduct features
Financing ceiling
Capital expansions with financing amounting to 2 million riyals The operational cycle includes financing of up to 700 thousand riyals
Financing period
Up to 5 years
Payment method
Monthly, quarterly, semi-annually, annually, end of period
Administrative fees
Administrative fees 7% Annual service fee 1%
The grace period
One year for long-term financing
Customer journey
Apply
Eligibility check
Processing
Exchange
Related Products
This service has been rated ()Evaluation (0)
Was this page helpful?