Many citizens seek to establish their own projects, and banks offer programs for them To finance small and medium enterprisesThis allows entrepreneurs and company owners to obtain financing and cover the needs of their projects, including financing suppliers, purchasing equipment, operating expenses, and others.
Financing small and medium enterprises, Emirates NBD Bank, Egypt
In granting financing, Emirates NBD Egypt relies on the Central Bank of Egypt’s definition of project categories, which includes:
– Micro companies
Sales less than one million pounds.
Capital of less than 50 thousand pounds.
Number of employees less than 10 people.
– Small companies
Sales between one million and 50 million pounds.
Capital from 50 thousand to 5 million pounds for industrial establishments, and less than 3 million for non-industrial establishments.
The number of employees is less than 200 employees.
-Medium companies
Sales between 50 and 200 million pounds.
The number of employees is less than 200 employees.
Capital between 5 and 15 million pounds for industrial establishments, and from 3 to 5 million for non-industrial establishments.
Loan programs and facilities available
-Rapid financing for small and medium enterprises
Financing in Egyptian pounds up to 12 million pounds.
Simplified procedures and fewer documentary requirements.
Competitive interest rate.
Fixed installments extending up to 5 years.
Sales start from 20 million to 200 million pounds.
-Credit facilities for companies
Financing working capital through short-term current accounts with various guarantees.
Medium-term loans to finance the purchase of machinery, equipment, production lines and transportation vehicles.
Opening documentary credits and issuing letters of guarantee.
-Specialized financing programs
Provides quick solutions to meet companies’ needs, including:
Working capital financing.
Financing suppliers and exporters.
Financing the purchase of machinery and equipment.
Advanced digital services from Emirates NBD Egypt
BusinessONLINE platform
A comprehensive global cash management system that allows companies to:
-Implementing transfers and salaries.
-Request check books.
-Issuing bank checks, as the system provides a complete digital experience that facilitates the management of accounts and daily transactions.
SmartTrade application
Digital solutions for foreign trade, allowing services to be implemented without visiting the branch, such as:
-Issuing letters of guarantee.
-Issuing documentary credits.
-Dealing with collection documents electronically.
My Project Program – Your Project for financing small projects from Banque Misr
The program aims to support existing projects with sales ranging between one million and 50 million pounds, and to support expansion and development by providing financing at competitive rates of return:
Advantages of the Mashrooi program – Your Project from Banque Misr
-5% simple diminishing return for industrial and service activities and liberal professions according to the Central Bank initiative.
-Finance of up to 8 million pounds for existing and new projects.
It covers industrial, commercial, service and medical activities, in addition to clean energy projects.
-Short, medium and long-term loans for working capital, machinery, equipment and means of transportation.
The loan period ranges from one to five years, including a grace period.
Financing ratios
-80% for machinery and equipment.
-80% for cars.
-100% for working capital.
Documents required to obtain financing
-A recent extract from the commercial register.
-A copy of the tax card.
– License to practice the activity (final, temporary, or evidence of continuing the licensing procedures).
-Tax and insurance positions.
-Ownership document or lease contract for the project headquarters.
-The last three approved budgets for existing companies.
-The company’s articles of incorporation and its amendments for companies.
-Approved feasibility study for newly established projects.
