Contracting Finance Product for Micro, Small & Medium Enterprises - anb
Contracting Finance product for Micro, small & medium enterprises
Contract financing from anb allows contracting and construction sector to be granted a combination of financing limits for client’s projects including: performance guarantee, Advance payment guarantee, progress proceeds finance and mobilization loan.
Product Features
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Financing up to 5 million riyals
![](/documents/55607/0/web+icons+-+new+_anb+loan+-+competitive+profit.png/d27e8a14-b6cd-d858-644d-54c09a787ef7?t=1663510713471)
Competitive rates and fees
![](/documents/55607/0/web+icons+-+new+_anb+loan-+terms+%2C+fees.png/f1bcc728-04cd-c5f1-b95b-edaf0a1f93f0?t=1663508902808)
Flexible and simplified terms & conditions for granting the product
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No financial statements required
![](/documents/55607/0/web+icons+-+new+_why+anb+loans+-+easy+process.png/22220837-58a0-62ac-219c-1631a40075e3?t=1663523263202)
Fast approvals
Product limits
- Maximum limit up to 5 million riyals.
- One off performance guarantees up to 5%
- One off advance payment guarantees up to 20%
- Progress proceeds / Invoices finance up to 60%
- One off mobilization loan up to 10%
Product Period
- One off performance guarantees up to 36 months
- Progress proceeds / Invoices finance up to 180 days
- One off mobilization loan up to 24 months
Terms and requirements
- 3 years operations is a minimum requirement (from the issue date of CR).
- Only accredited list governmental and semi-governmental projects are accepted.
- Past and ongoing project schedule.
- Assignment and endorsement of the legitimate assignment of the letter of guarantee.