LendTech Initiative
An initiative that aims to enable beneficiary companies to obtain financing with concessional conditions that are suitable for technology companies that banks and financial institutions do not accept to provide support for, with a total capital of SR 360 million
Targeted groups
Micro-small technology companies
Small-size technology COMPANIES
Medium-size technology COMPANIES
Initiative Goal
To support the quick access of tech MSMEs (Micro, small and medium enterprises) to capital that facilitates the start-up and expansion of their businesses
Eligibility criteria
Companies of all types must meet the following requirement
To be a technology company
To be incorporated in Saudi Arabia
To have a valid business registration certificate
To have a minimum of 6 months of work experience based on the company size
Initiative Privileges
Financing with concessional conditions
Affordable Murabaha prices
A grace period of up to three months
The maximum funding available to micro-tech enterprises is SR 900,000.
Small tech enterprises are only eligible for SR 2.5 million in funding.
Medium tech enterprises can only receive SR8.5 million in funding.
Beneficiary journey
The beneficiary company will submit the application via the website, choose the appropriate loan, and upload the necessary files to complete the registration.
The program will review the application and give preliminary approval.
The financial position of the beneficiary will be assessed.
The beneficiary will receive final financing approval.
The beneficiary will repay the loan within the time frame agreed upon.