Small and Medium Enterprise Financing.
We offer new and simplified procedures to finance small and medium enterprises (SMEs) that would generate income but lacs the needed funds. We provide the finance required for expanding existing enterprises, investing operating capital, purchasing equipment, fixed assets, and machines, which help increase the productivity of the ventures that seek to expand and have prominent marketing prospects.
The Bank offers an overdraft account up to a certain amount for a designated period, renewable with the consent of the clients and the Bank. The client is allowed to withdraw from the overdraft account after signing the facilities contract.
Granting the client an overdraft account for their businesses with ongoing cash flows to increase the business, industrial, or service according to the limits and specific guarantees agreed between them and the Bank. The advantages of an Overdraft are that a client may deposit funds into the account to reduce the balance and the interest incurred on it.
The account should be renewed annually by mutual consent, based on the client’s activity and the account. The interest should be calculated based on the highest daily debit balance and charged to the client’s account every month.
Revolving loans for financing working capitals (raw materials and operating expenses).
The Bank offers letters of credit to clients to finance their costs for imported goods. Under letters of credit or bills of collection, payments can be made in installments over a specified period.
The Bank offers loans to clients to finance their exports of manufactured goods in Jordan. These loans are usually offset by import letters of credit from clients. They can be given in local or foreign currency as required or instructed by the Central Bank of Jordan.
Loans are granted to multiple targets to develop real estate, commercial and housing projects, or purchase land. The usual terms of these loans are for a medium-or long-term period between 3-7 years.
At the client’s request, loans are given to contractors or suppliers responsible for the construction, maintenance, or supply of equipment and services.
Finances are given to clients looking to grow their assets related to work, such as cars, equipment, and production lines for their factories. These loans hold a maximum term of 7 years with an appropriate grace period.
Applicants must provide one of the following collaterals which are accepted by CAB such as:
All these guarantees are subject to the terms and conditions of the Bank.
For more information, please contact this number: 065007700