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(EBRD) Program for Supporting SMEs (EBRD) Program for Supporting SMEs

(EBRD) Program for Supporting SMEs

A program dedicated to financing small, medium, and large private sector companies

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 employeesSalesAssets
Less than 250 employeesAnd≤ EUR 50 million or equivalentOr≤ 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

  • Term Loans: Repayment period up to 5 years, including a grace period.
  • Revolving & Overdraft Loans: One year, with renewal subject to the bank’s internal procedures.

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:

  • Real estate investment loans.
  • Land purchase and financing loans.
  • Public and government sector projects.
  • Armament products.
  • Financial companies and financial services.
  • Insurance companies.
  • Alcoholic beverage industry.
  • Tobacco industry.
  • Trade of tobacco or alcoholic beverage products.
  • Gambling halls.
  • Single-use consumer plastic manufacturing (e.g., forks, spoons, plates, straws, cups, plastic utensils for eating).
  • Any activity listed under the EBRD’s excluded activities list.

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.