It is a program that facilitates financing for small and medium enterprises

• Cover its financing needs for the purpose of financing operating expenses and working capital
• Covering its various operating expenses and continuing its activity.
• Enabling these economic sectors to keep their business running
• Pay the salaries of its employees

Beneficiaries

The program covers the financing provided to professionals, craftsmen, individual institutions and small and medium enterprises that meet the following conditions and restrictions:

• Total assets value does not exceed (5) million JODs, or their total annual sales volume do not exceed (5) million JODs.
• Employees there in are less than (200).

According to the sectors as follows:

 
Interest rate

2% without commission

 Loan Term

Repayment period up to (54) months, including grace period up to (12) months as a maximum.

 Guarantees

Promissory Note payable endorsed to the favor of CBJ which the loan requested represents 85% of the promissory note, in addition to any other extra guarantees from the customer on the light of assessing the client's credit worthiness.


 Terms & Conditions

• Interest rate 2%
• Minimum loan tenor 54 months, including grace period up to 12 months
• Promissory note payable endorsed for the benefit of the CBJ, which the loan requested represents 85% of the promissory note in addition to any other acceptable guarantees
• Maximum LTV is 80%
• Maximum loan tenor for financing fixed assets is 60 months