This program is dedicated for providing appropriate financing for customer segment of small and medium enterprises and companies, within multiple financing alternatives, on the level of various economic sectors, in order to meet and fulfill the needs and requirements of this sector, in the form of decreasing loans to be repaid by monthly, quarterly, half yearly installments consistent with customers cash flows.
Beneficiaries of this program include small and medium enterprises within various economic sectors, according to the following determinants (2 determinants must be met at least) :-
- Employees shall not exceed 300.
- Total assets shall not be more than US $ 15 million or its equivalent in Jordanian Dinars.
- Total annual sales shall not exceed US $ 15 million or its equivalent in Jordanian Dinars.
Interest rate shall be applied and calculated in accordance with those applicable by the bank on loan granting date.
The financing limit shall be in the range from US $ (25) twenty five to (750) seven hundred fifty thousand, or its equivalent in Jordanian Dinars. The maximum financing limit may be increased provided to obtain OPIC's approvals.
Repayment period ranges from (1) one to (7) seven years. Financing period may be increased and extended, provided to obtain OPIC's approval, up to maximum (8) years term.
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 OPIC.
Finance all objectives within various and versatile economic activities such as (funding the purchase of fixed assets, expansion and maintenance, and purchase of goods....etc.)