This program is dedicated for financing various new or existing industrial projects and service sectors for small and medium companies and enterprises.
Beneficiaries of this program include registered and licensed individuals and sole corporations, Joints Liability companies, commandite companies, and limited liability companies.
Interest rate shall be applied and calculated in accordance with that applicable by the bank, on loan granting date.
The financing limit shall be up to JD 550 Thousand (Five Hundred Fifty Thousand Jordanian Dinars).
The borrower shall contribute in not less than 25% of the project costs to be funded, if the project is new.
Repayment period up to (8) eight years, inclusive a maximum twelve-month grace period.
The bank may ask for any collateral guarantees in the light of its evaluation of the creditworthiness of the customer, in addition to the guarantee by the Jordanian Loans Guarantee company.
Objectives to be financed shall include purchase of fixed assets, operational capital, repair and maintenance operations, expansion works in the plant facilities and buildings, or partial contribution in the plant cost, as well as funding maximum 15% of the expenses and costs of consultants and services related to the project to be financed.