Program Definition
A program dedicated to financing small, medium, and large private sector companies in cooperation with the European Bank for Reconstruction and Development (EBRD), aimed at enabling them to obtain the necessary funding to conduct their business activities.
Eligible Beneficiaries
All private sector clients who meet the definition of small and medium-sized enterprises (SMEs) according to European Union standards, as outlined below:
Number of employees | Sales | Assets | ||
Less than 250 employees | And | ≤ EUR 50 million or equivalent | Or | ≤ EUR 43 million or equivalent |
Interest Rate
The interest rate is applied according to the rates in effect at the bank at the time of granting the loan.
Financing Ceiling
Up to USD 2 million or its equivalent in Jordanian Dinar per client.
Type of Financing
Only direct facilities are financed: Term loan / Revolving loan / Overdraft.
Financing Currency
Jordanian Dinar or US Dollar *
*Subject to foreign currency lending regulations
Loan Duration
Guarantees
The bank may ask for any collateral guarantees in light of its evaluation of the client’s creditworthiness.
Purposes of Financing
All economic sectors except the following:
Other Conditions
The EBRD reserves the right to request all data, information, and reports related to projects financed through this program. It may also monitor the status of these projects, communicate with the beneficiaries, and access all records and documents related to them.