Monshaat

anb recognizes the important role of micro and small enterprises sector in economic development. In support of the Sector and in order to increase its contribution to the Gross Domestic Production according to Vision 2030, anb designed, with the corporation of the General Authority for Small and Medium Enterprises and Kafalah Program, banking solutions to support this Sector and meet its financing needs.

Emerging business "early stage" financing emerging
Features
  • Short term tawaruq finance up to SR 600,000 to support working capital, or 
  • Medium term tawaruq finance up to SR 600,000 to finance 80% of capital expenditures (e.g. purchase new fixed assets, finance business expansion or meet other capital expenditures).
  • Repayment tenor up to 12 months for short term finance and 36 months for medium term finance. 
  • Monthly or quarterly instalments. 
  • Competitive profit margin and no administrative fees. 
Eligibility
  • Enterprise age is 3 months up to 3 years. 
  • Owner manages the business. 
  • Owner is 21-65 years old. 
  • Bank statement from the business start date  or the last 12 months. 
Small enterprises point of sale financing Features
Features

  • Medium and short term tawaruq finance up to SR 18,000,000 (capital expenditures or Working Capital requirements)
  • Repayment tenor from to 12 months and up to 60 months.
  • Competitive profit margin and administrative fees. 
Eligibility
  • Enterprise age is 3 years & more. 
  • Small enterprise (annual sales not more than SR 200,000,000). 
  • Owner manages the business.
  • Owner is 23-65 years old.
  • Availability of enterprise financials statements or bank statement. 
  • Installation and utilization of anb supplied POS terminals. 
Working capital financing for Hajj & Umrah business operations Features
Features
  • Short term tawaruq working capital finance up to SR 1M. 
  • 6 months repayment tenor with monthly or quarterly instalments. 
  • Competitive profit margin. 
Eligibility
  • Enterprise age is 3 years & more.
  • Small enterprise (annual sales not more than SR 40,000,000) as Hajj or Umrah Business Operator.
  • Owner manages the business.
  • Owner is 23-65 years old.
  • Availability of enterprise financial statements or bank statement.
  • Provide evidence of customer engagement in Hajj & Umrah business activity (copy of contracts, invoices or purchase orders).
IMPORTANT LINKS
  • For inquiries please call 8001244141
  • To view SME centers addresses click here
  • To view the prices, terms and conditions click here.
  • ANB terms and conditions apply.