3 Simple steps to finance
- Apply now by contacting us.
- Your business is credit assessed.
- Get your funds.
Fast Finance for Micro and Small Enterprises in Saudi Arabia
A strategic cooperation between SDB and GIB, this new digital financing platform provides swift and efficient access to finance for micro and small enterprises in Saudi Arabia, using Beehive's modern financial technology solutions.
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Fast financing with competitive fees
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No securities required
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Loan period between 6 to 36 months
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Simple process
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Shariah compliant
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No fees for early repayment
Minimum Criteria
- SAR2 Million revenue p.a.
- At least 2 years in operation
- Saudi registered company
- Majority owned by a Saudi national
- At least 80% of revenue via bank statement
The rate may vary depending on amount, loan period and risk criteria for each client.
| Product Name | Annual Percentage Rate | Annual Fees |
|---|---|---|
| Term Finance | 4%-10% | 3% |
| Short Term Financing ( less than 1 year) | 10% | 1%-2% (Upon utilization of facility) |
قد يختلف معدل النسبة السنوى بإختلاف المبلغ وفترة الاستحقاق ودرجة الأتمان لكل عميل.
| اسم المنتج | معدل النسبة المئوية | الرسوم الإدارية |
|---|---|---|
| تمويل لأجل | ٤%-١٠% | ٣% |
| تمويل قصير الأجل (أقل من سنة) | ١٠% | ١%-٢% (عند إستخدام التسهيلات) |
Frequently Asked Questions
Currently, we are able to offer financing between SAR100,000 and SAR 1,500,000 on terms up to 36 months.
Your MSME must be an established KSA-based business (at least two years of trading) with an annual revenue in excess of SAR2 million, a growth track record and be either profitable or be able to demonstrate a path to profitability. All business applications go through a detailed credit assessment covering the above and more.
All businesses applying for finance requests with Digital Lending for MSMEs need to provide the necessary financial and business documentation in order that a full risk assessment can be completed.
Currently we only accept applications from KSA-based businesses.
All MSMEs receive their finance into their new GIB current account, which they can access via GIB ebanking. Repayments are debited from the account on a monthly basis throughout the loan term until it is fully repaid.