SME Development Fund has tailored a set of products specially designed to provide SMEs with flexible funding to meet their needs with loan amount of R.O 50,000/- up to R.O 500,000/-, at a subsidized interest rate of 2.15% flat (4% IRR). Below are the various products provided by SMEF.
Assets financing for acquiring new assets; replacement of existing asset, expansion of capacity or modification.
Asset financing includes Vehicles, Heavy Vehicles, machineries, plant and equipment.
Equated monthly installments to suit your cash flow.
Flexible repayment period of 1 to 5 years.
Facility offer to enhance cash flow and relieve you from the receivable management.
Financing against the accepted and certified Invoice, up to 75% of the invoice value.
Follow up of debts
Maintenance of sales ledger, monitoring and receivables management.
Facility to improve your working capital and cash flow position.
Discounting Sales bills certified and accepted for payment, up to 80% of invoice value.
Against Assignment of Receivables.
Complete package of financial facility is against a particular project; up to maximum of 75% of the project value; against the Assignment of receivables.
Financing includes, Asset financing, Factoring or bills discounting, working capital term loan and non-fund based facilities such as Advance payment Guarantee and Performance Guarantee.