Eligibility is subject to the outcome of the credit assessment and financial study.
• Micro Enterprises: From SAR 50,000 up to SAR 300,000.
• Small Enterprises: From SAR 50,000 up to SAR 1.5 Million.
• Non-Profit Sector: From SAR 150,000 up to SAR 1 Million.
The maximum tenure is 12 months.
- No, there is no grace period for this product.
It refers to the scheduled period during which the financing installments will be repaid.
A verified report from the Ejar Platform covering a minimum of one rental year.
The financing covers a maximum of 6 months of rent or 7.5% of the total revenue from the last four (4) VAT returns, whichever is lower.
The amount is disbursed as a single lump-sum payment.
All forms of collateral are acceptable. However, a Joint & Several Guarantee (Partners’ Guarantee) is mandatory, meaning the business owner or one of the partners must personally guarantee the facility. Additional guarantees may be added, provided the Partners' Guarantee is included.
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