SERVICE
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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.
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Individuals,
Citizen
Target audience
90.0 Days(s)
Service duration
Arabic and English
Service provided in
2000.0
Service cost
Frequently Asked Questions
Customer support
Phone
Related applications
Service launch date: Dec 31, 2018, 8:00:00 PM GMT
- 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.
- There are no requirements.
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