At Mashreq, we have made significant efforts to understand all of your financial needs. The result of these efforts is an integrated offer by Mashreq to take over the following processes currently handled by your organisation.
In today’s challenging business environment, Mashreq is keen to have a partnership relation by offering our Small Business Loan (SBL) to your company.
The SBL was created by Mashreq to help Business Banking and SMEs (Small and medium-sized enterprises) by financing their business needs with loans that enable their companies to pay their suppliers, expand their business and invest in different solutions to strengthen their financial position.
Features & Benefits
5% loans for Small companies according to CBE initiative
Collateral free loans up to 8m EGP and 10m EGP in case of renewal
Simple documentation and quick approval process
Flexible repayment period up to 48 months
Cash in account after 5 working days
Dedicated Relationship Manager
Small Business Loan FAQ's
A loan with equally monthly installments designed to meet the business working capital requirements and or any other business needs.
Following entities are eligible to apply for a Mashreq Business Loan:
Sole proprietorship
Partnership
Limited liability
Free zone companies
Joint stock companies
The required documents:
Valid Commercial Register (3 Months or later)
Valid Taxation Card
Valid Partners IDs (All Partners)
Company Contracts or Board of Resolution in case of Joint Stock Companies
Last 3 Audited Financial Statements
Auditor ID & Ministry of Finance Registration Certificate
List of Customers and Suppliers
Last 6 Months Stamped Bank Statements for all current accounts and all currencies except Over Draft Accounts
Company Premises Ownership or Rental Contract
Samples of selling and purchasing invoices
The minimum loan amount is EGP 200,000 - up to EGP 10 Million.
The minimum tenor is 6 months up to 4 years.
The repayment mode is through direct debit from the company's account at Mashreq.
After 12 months of satisfactory instalments re-payments.
Yes.
This option is not currently available.
Yes. The company has to maintain a business current account (in case it does not have one already) for the loan amount to be credited to that account and for the company to enjoy a host of other benefits. *Terms and Conditions Apply