Abu Dhabi Government has announced they will expand the SME Credit Guarantee scheme to prioritise and increase SME’s access to financing in the Emirate.
First Abu Dhabi Bank is one of the key strategic partners and participating banks to collaborate with Abu Dhabi Government to provide easy financing options to SMEs, improving their ability to withstand market fluctuations.
SME Growth Loan benefits
- Working capital facility for three months duration
- Term loans of up to 4 years duration
- Competitive interest rates - below the average market rate
- Easy documentation
- Quick turnaround time
SME scheme beneficiaries
- All SMEs registered as LLC, FZEs, Sole Proprietorship, Partnerships & Branches of foreign companies, and operating in Abu Dhabi (onshore and offshore)
- Small and medium enterprises in trading, manufacturing and services
- Those meeting FABs terms and conditions for minimum length of business, annual turnover and audited financial criteria