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Financing Emerging Projects

Social Development Bank

An e-service provided by the Social Development Bank, which enables citizens ,who have a desire, to practice self-employment through owning their business, and to finance the start-up entrepreneurs whose investment cost does not exceed 300,000 riyals.

Person
Citizen
Target audience
Clock
90.0 Days(s)
Service duration
Price
2000.0
Service cost
  • Apply on the sponsors website.
  • Conduct a personal interview with the sponsor.
  • Submit the application to the banks website through the sponsor.
  • Sign the financing contract.
  • Attend a training course.
  • Should not combine two funding requests from the banks financing programs. Applicants must be at least 21 years old and not over 55 years old.
  • The applicant for funding of medical and educational projects should not have been convicted for dishonesty or breach of honor unless being reinstated. Working full time in the business.
  • Having the appropriate experience or qualification to work on the business and its management. For medical business, priority is given to those with a medical qualification.
  • Fulfilling financial and credit capability requirements to obtain funding, Added value to the national economy.
  • Should be part of the projects financed by the bank. Borrower should be a Saudi and meet the application conditions.
  • Having at least one year of experience in the same activity to be financed or a certificate of specialization in the same field. The experience has to be documented in social insurance.
  • For more: the Service User Manual.

Last Modified Date: 16/11/2021 - 1:57 PM Saudi Arabia Time

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