- The commercial register must comply with the conditions throughout the period of studying the application until final approval.
- The entrepreneur (applicant) must be 100% owner of the project.
- Remote training courses are held in cooperation with partner agencies.
The sponsor may be rejected for one of the following reasons:
- Financial solvency is examined on sponsorship applications, and if the sponsor’s obligations, including the new obligation, exceed the permissible limit; The bail application is rejected.
- The sponsorship application may be rejected by the sponsor’s employer due to considerations related to the entity itself.
- Yes, another sponsor can be added if the sponsor refuses.
- In the entrepreneur product, it is required to upload a bank account belonging to the applicant, and the bank account information cannot be modified after saving the application.
- 5 to 7 days.
- You can choose the entity when submitting an application for financing entrepreneurs.
- The action plan within the training program is prepared in cooperation with partner agencies.
An existing project that has started operating and conducting business, and whose commercial registration is more than 6 months old and does not exceed 12 months.
A project that is based on the ground, has started to be established but has not started to conduct business, and whose commercial registration is more than 6 months old and does not exceed 12 months.
- It is financing aimed at supporting entrepreneurial projects and emerging projects, and the size of financing starts from 50 thousand and reaches 500 thousand Saudi riyals.
Entrepreneurs can get support for various fields, except for the following activities:
- Insurance and brokerage.
- Selling watches, jewelry, gold and precious products.
- Selling and raising livestock.
- Agricultural products.
- Illegal activities
- Speculation-based activities
- Any activities agreed upon with other government funds through approved agreements or any official correspondence.
A project that is in the idea study stage, or whose commercial registration is no more than 6 months old, regardless of the actual status of the project.
If the client states during the personal interview that the status of his project is "under establishment" or "start-up", the project will be visited by bank representatives, provided that the commercial registration of the project is more than 6 months old and does not exceed 12 months from the date of application.
- Yes, and you must pass a personal interview to complete the procedures.
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The client submits a request for the second payment, attaching documents proving the disbursement of the first payment according to the approved work plan, such as invoices, bank transfers, and the site lease agreement from the "Ejar" platform.The bank verifies the submitted documents against the project's specifications.The bank visits the project site to confirm the disbursement of the first payment to the funded project.
- Yes, it is a prerequisite for obtaining financing for entrepreneurs.
6 months from the date of disbursement of the first payment.
- Yes, more than one sponsor can be submitted for one application (a maximum of 2 sponsors).
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