Small and Micro Business Owners, Professionals, Artisans as well as independent workers whether (new clients or forfeiting) for the purposes of covering operation costs or financing working capital or paying expenses to assist business continuity in light of the economic challenges due to COVID-19

Small home business and professionals

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1000-3000  JD

Up to 42 months with a grace period up to 12 months max. refer to business loan product loan amounts

9% annually(0.75% monthly)
that is (5% annually with declining interest due from the client and 4% with declining interest max. due by the government of Jordan)

Less than 5 employees (micro and small business)

% DBR calculated by dividing total repayments due by income

By Cheque to supplier according to quotation or bill both stamped for authenticity. For loans less than 3000 it is possible to ask for 30% in cash

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• 2 guarantors
• Proof of income for one of the guarantors, whether the customer is new or returning.
• Basic Paper work (Customer ID, family book, proof of residence)
• Business Registration and lease
• License
• Bank statements for 6 months
• Financial Overview (Project budget, payroll, working capital)
• Guarantors’ information (identities, commercial records, financial information)
• Suppliers information (A copy of the supplier’s identity, profession license, commercial register
• Possible mortgage of vehicle or machinery

• Description of Client
• Financial Hierarchy
• Latest improvements to the business
• Simple Work Plan
• Financial Analysis (liquidity, activity and growth, profitability, indebtedness, cash flow)
• Risk Assessment
• Recommendation