Features and Benefits

• Customised short-term financing solution available for periods of up to 12 months
• Modest collateral requirements to secure the financing
• A dedicated Overdraft account with active operations and acceptable turn over to the Bank
• Straightforward documentation

Eligibility

• UAE-registered business entities that have been in operation for at least 4 years
• Annual sales turnover must be in excess of AED 10,000,000
• All applicants will be required to comply with UAE Central Bank regulations

Documents Required

• Application for credit facilities in Bank's standard application form
• A copy of your Trade License or Commercial Registration
• Account opening forms
• For LLC or partnership companies, Memorandum of Association, and any subsequent amendments or Registered Power of Attorney(POA)
• A Board Resolution in the Bank's standard format for borrowing, with a list of authorized signatories for approving borrowing and operating the account
• Passport Copies of all Partners including Residence Visa page and copy of Emirates ID for authorized signatories
  
• Audited balance sheet for last three years and interim financial report
• Bank statement (on a case by case basis)
• A feasibility study and a valuation report
• Other documents at the discretion of the Bank

Please submit the details below and a dedicated Relationship Manager will contact you

1. Name of Company (as per trade license) :
2. Nature of business:
3. Annual Turnover:
4. Name of contact person:
5. Contact No.: Email ID:

Terms & Conditions Apply