SME Invoice Financing is a Sharia compliant post-shipment, short-term finance proposition specifically developed for SMEs to support their working capital finance. This program allows SMEs to receive cash against their sales invoices before their customers/ buyers have actually paid.
Additional source of capital
Improve cash conversion cycle
Shorter time to revenue
Shorter days' sales outstanding
Purpose of facility
• Finance working capital needs
Key Product Features
Max. Finance amount: up to SAR 3 million
Max. 80% financing against each invoice
Facility valid for one year with annual renewal
Bank terms and conditions apply.
Any business – establishment, general partnership or limited liability company which has been in business for more than 3 years
Business turnover between SAR 1 million and SAR 30 million
Please contact our SME Centers to fix a convenient appointment with our sales staff who will be pleased to visit you at your office.