Monshaat 

Arab National Bank recognizes the important role  of micro and small enter[rises sector in economic development. In support of the Sector and in orde to increase its contribution to the Gross Domestic Production according to Vision 2030, ANB designed, with the corporation of the General Authority for Small and Medium Enterprises and Kafalah Program,  banking solutions to support this Sector and meet its financing needs.

 

Emerging Business “Early Stage” Financing

Features

  • Short term tawaruq finance up to SR 600,000 to support working capital, or 
  • Medium term tawaruq finance up to SR 600,000 to finance 80% of capital expenditures (e.g. purchase new fixed assets, finance business expansion or meet other capital expenditures).
  • Repayment tenor up to 12 months for short term finance and 36 months for medium term finance. 
  • Monthly or quarterly instalments. 
  • Competitive profit margin and no administrative fees. 

Eligibility

  • Enterprise age is 3 months up to 3 years. 
  • Owner manages the business. 
  • Owner is 21-65 years old. 
  • Bank statement from the business start date  or the last 12 months. 

 
Small Enterprises Point of sale financing

Features

  • Short term tawaruq finance up to SR 500,000 to support working capital, or 
  • Medium term tawaruq finance up to SR 500,000 to finance 70% of capital expenditures (e.g. purchase new assets, finance business expansion or meet other capital expenditures). 
  • Repayment tenor up to 12 months for short term finance and 36 months for medium term finance. 
  • Monthly or quarterly instalments. 
  • Competitive profit margin without administrative fees. 

Eligibility

  • Enterprise age is 3 years & more. 
  • Small enterprise (annual sales not more than SR 40,000,000). 
  • Owner manages the business.
  • Owner is 23-65 years old.
  • Availability of enterprise financials statements or bank statement. 
  • Installation and utilization of ANB supplied POS terminals. 

 

Working Capital Financing for Hajj & Umrah business operators

Features

  • Short term tawaruq working capital finance up to SR 1M. 
  • 6 months repayment tenor with monthly or quarterly instalments. 
  • Competitive profit margin. 

Eligibility

  • Enterprise age is 3 years & more.
  • Small enterprise (annual sales not more than SR 40,000,000) as Hajj or Umrah Business Operator.
  • Owner manages the business.
  • Owner is 23-65 years old.
  • Availability of enterprise financial statements or bank statement.
  • Provide evidence of customer engagement in Hajj & Umrah business activity (copy of contracts, invoices or purchase orders).

 

APPLY NOW    CONTACT ME 

IMPORTANT LINKS

  • For inquiries please call 8001244141
  • To view SME centers addresses click here
  • To view the prices, terms and conditions click here.
  • ANB terms and conditions apply.