This program is dedicated for financing new and existing projects (including expansion, improvement and development) customers in small and medium enterprises, in productive and income generating economic sectors, including industrial and agricultural services and projects, craftsmen projects, domestic trade projects, as well as projects in other services such as Doctors, Engineers, Lawyers and Consultants.
Beneficiaries:
Those include registered and licensed individuals and sole corporations, joints liability companies, commandite companies and limited liability companies.
Interest Rate:
Interest rate shall be applied and calculated in accordance with that applicable by the bank, on loan granting date.
Financing Ceiling/Limit:
The financing limit shall be up to JD 100 thousand (Hundred Thousand Jordanian Dinar).
Financing Percentage
The borrower shall contribute in not less than 25% of the project costs to be funded, if the project is new.
Loan Term:
Repayment period up to six years, inclusive a maximum twelve-month grace period.
Guarantees:
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.
Financed Objectives
Objectives to be financed shall include funding operational capital, fixed assets, raw materials for industrial and agricultural services and projects, craftsmen projects as well as other services projects such as Doctors, Engineers, and Lawyers, transport and tourism sector and operations of trade sectors.
