Purpose of Financing: This program aims to provide funding for Craftsmen and professionals It involves a diminishing loan structure that offers a wide range of financing options for small and medium-sized (SMEs) institutions/companies. The funding can be directed towards either fixed assets or working capital and operational expenses.
Targeted Sector: Service and Industrial Sector.
Loan Amount: The maximum loan amount is JOD 250,000.
Working Capital and Purchases Financing: Up to 36 months, depending on cash flows and operational cycle of the activity.
FIXED ASSETS (Offices, Building, Cars, Machines…ETC): UP TO 72 MONTHS
Grace Period: maximum of 6 months, with servicing the debt during this period. included in the overall repayment period.
Interest Rate and Commission: 9.25% interest rate and 1% commission annually.
Financing Percentage: Financing can reach up to 100% of the client's needs.
Financing Conditions:
*For individual enterprises and small businesses, 1% commission is deducted upon grant only