Definition:
This program is dedicated to finance industrial projects of all types, serviceable sectors of companies' customers, small and medium projects, whether new or in process.
Beneficiaries:
Individuals, sole proprietorship companies, limited partnership, limited liability companies, which are registered and licensed to practice its business.
Interest Rate:
Interest rate that is applicable at the bank on the granting date.
Financing Ceiling:
Up to (1000000 JD)
Percentage of Financing:
The borrower has to contribute by at least 25% of financed project cost.
Loan Term:
Repayment period is up to eight years including grace period up to a maximum of 12 months.
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:
Financing the working capital, fixed assets, repairs and maintenance works, expansion works of factor buildings or contributing in part of the factor costs. Further, there is a possibility to finance consultation expenses and services relating to respective project at maximum limit of 15% of such expenses.
