Dubai Islamic Bank's Al Islami Business Finance extends up to AED 1.5 million for businesses who think big. With a hassle-free approval process and business-friendly payment options, Al Islami Business Finance is the better way for all your business needs.
DIB Business Finance Features:
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Use our financing solutions to manage your cash flow, asset acquisition and expansion requirements for your business.
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Gulf Finance Small Business Loans Features:
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Aseel Business Finance provides financial solutions to SMEs. Whether it’s the day to day requirement of working capital or the SMEs wish to purchase any asset/service, Aseel's Business Finance solutions will help them solve their financing issues with additional benefits of free key-person protection, and faster turnaround time.
Introductory Offer:
Collateral-free financing
Aseel Business Finance Features:
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• Funding up to 90% • Flexible finance scheme for both new & used vehicles • Attractive interest rates • Extend loans to first time buyers as well as fleet operators • Insurance funding
Documents Required:
• Last 6 months (>250,000) of bank statements and Audited Financials (=> 1 MN) • Passport copy with valid Visa page of Business Owner / Director / Partner • List of vehicle fleet currently being used by the company • Copy of Trade License & Memorandum of Association • Power of Attorney
Features:
• Loans of up to AED 7 Million • Funding up to 85% • Available for rental company • Loans available to all segments of customers ranging from first time users to strategic customers • Insurance funding
Documents Required:
• Last 6 months (>250,000) of bank statements and Audited Financials (=> 1 MN) • Passport copy with valid Visa page of Business Owner / Director / Partner • List of vehicle fleet currently being used by the company • Copy of Trade License & Memorandum of Association • Power of Attorney
Features:
• Higher eligibility for businesses • Flexible tenor up to 48 months • Lower Interest Rates • Top-up facility within 6 months • POS terminals issued by any bank can be hypothecated
Documents Required:
• Passport copy with valid Visa page • Last 6 months bank statements • Copy of Trade License & Memorandum of Association • Power of Attorney • Audited Financials
The Government of Dubai, through its dedicated SME Bank, aims to foster entrepreneurial growth by offering specialized SME loans designed to meet the unique needs of emerging businesses. Recognizing the pivotal role small and medium enterprises (SMEs) play in the economic landscape, the Dubai SME Business Loan initiative provides financial support to new ventures seeking to establish themselves in the city's dynamic business environment. Dubai Asset Funding, in collaboration with SME Bank, offers specialized SME loans designed to fuel the growth of new businesses in Dubai. Designed to meet the unique needs of small and medium enterprises (SMEs), these loans help entrepreneurs looking to establish and expand their ventures. Dubai Asset Funding recognizes the pivotal role SMEs play in driving economic development and, as such, offers accessible and competitive SME business loans. With a commitment to fostering entrepreneurship, Dubai Asset Funding ensures that SMEs have the financial backing they need to thrive in the competitive business environment of the region.
The Dubai SME Asset Funding Loan is an interest-free product in which the Foundation lends up to 80% of the asset value and is paid back by the business owner in equal monthly installments.
To secure an SME loan for a new business, the following essential documents are required for the application process:
A copy of the national identification document.
A copy of a passport.
A copy of the Family Book.
Trade license
Copy of the memorandum of organization, office from Ejari, warehouse from Ejari (if any)
List of employees registered with the Ministry of Labor.
The bank statements (for 6 months)
The audited financial statements for the previous two years, and internal financial statements. All account statements are needed for an audit if various banks maintain several active business accounts.
Original price quote or invoice from a distributor, facility, or authorized supplier.
NOTE: The institution's credit team may request more evidence.
The criteria for eligibility to obtain a Small and Medium-sized Enterprise (SME) business loan are as follows:
There must be a UAE national as the recipient.
The business will be based in Dubai and be wholly owned and operated by a national or nationals of the United Arab Emirates.
The entrepreneur must be at least 21 years old.
A maximum of 300,000 dirhams can be used to fund assets.
The maximum grace period for asset financing is 1 year or 12 months,
No interest rate.
Ninety days is the expected time for service completion.
Connect with Dhanguard to secure an SME loan effortlessly for your new business venture. Our dedicated team is committed to simplifying the entire process for you. Let us handle all the necessary documentation, making the application process smooth and stress-free. With Dhanguard, accessing SME loans becomes a straightforward journey, supporting the growth and success of your new business.
