Definition:
This program is dedicated to finance new registered projects in all economical sectors; Agricultural, industrial and serviceable projects; i.e. IT, tour sector, educational sector, domestic industry support projects, save trade sector, that started its activities since not exceeding 3 years.
Beneficiaries:
Start-up small and medium enterprises.
Interest Rate:
Interest rate is equivalent 6 months US$ LIBOR
Rate + margin to be defined by the Bank, or interest rate to be applied in
accordance with applicable rates by the bank in loan granting date
Financing Ceiling:
Up to (100,000.00 JD)
Percentage of Financing:
The borrower has to contribute by at least 20% of project cost.
Loan Term:
Repayment period is up to six years.
Guarantees:
The bank may ask for any collateral guarantees in light of its evaluation of the creditworthiness of customers, in addition to the guarantee by the Jordanian Loans Guarantee Company
Financing Objectives:
- Buying fixed assets.
- Financing the working capital (sales and purchases).
