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.
Benefits
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Additional source of capital
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Improve cash conversion cycle
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Shorter time to revenue
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Shorter days' sales outstanding
Purpose of facility
• Finance working capital needs
Key Product Features
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Max. Finance amount: up to SAR 3 million
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Max. 80% financing against each invoice
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Facility valid for one year with annual renewal
Eligibility
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Any business – establishment, general partnership or limited liability company which has been in business for more than 3 years
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Business turnover between SAR 1 million and SAR 30 million
Bank terms and conditions apply.
Next Steps
Please contact our SME Centers to fix a convenient appointment with our sales staff who will be pleased to visit you at your office.