Since Saudi Arabia has prioritized entrepreneurship and small businesses, making an increased contribution from the latter

to national income one of the goals of Vision 2030, and since access to finance is one of the toughest challenges

تواجه رواد الأعمال entrepreneurs face, especially at the outset, it was essential to build a financial and banking ecosystem that helps address this challenge. We highlight

in this article the main banks that offer loans to businesses in the Kingdom:

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The National Commercial Bank

The National Bank provides financing facilities to small business owners, as part of its ongoing efforts to achieve the Kingdom’s vision

to support and develop the small and medium-sized enterprise sector, in line with the bank’s vision of supporting sectors vital to the Saudi economy.

The bank previously launched a campaign to support small and medium-sized enterprises, aimed at raising business owners’ awareness

of the various forms of support the bank provides to help them develop and grow their businesses, including:

Various facilities to help business owners expand their activities, and training and development to build their capabilities in management

Their businesses, with e-banking solutions to automate these organizations’ day-to-day operations.

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Read also:The Concept of Loans and Their Types

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بنك الجزيرة

The bank offers several Islamic financing products for small and medium-sized enterprises, including Murabaha

financing and Tawarruq financing, which is used to fund working capital.

To qualify for financing, the bank—which is among the banks that provide loans to projects in the Kingdom—requires the business to have a legal entity,

and to be economically, financially, technically, and administratively viable. Annual sales must be at least SAR 5 million and must not

exceed SAR 5 million.

The bank also requires the business to have been established at least three years ago, and for Saudi nationals to own no less than

عن 50%.

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بنك الرياض

The bank offers financing loans and helps assess a project’s readiness and viability through specialist trainers who provide clients with

professional advice, business tool programs, and accounting resources.

Riyad Bank offers a comprehensive range of Islamic and conventional banking services and products. It also seeks to leverage

its strong capital base and extensive experience to play a leading role in financing.

Riyad Bank has emerged as a leading bank, organizing and participating in numerous syndicated financing deals across sectors operating in the industries of

Oil and gas, petrochemicals, and some of the Kingdom of Saudi Arabia’s most prominent infrastructure projects.

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Read also:Loan benefits: When are loans the best option?

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مصرف الراجحي

Al Rajhi Bank offers a range of financing solutions to help small businesses fund their various activities, whether through

direct financing, which provides customers with the liquidity they need to run their businesses, purchase fixed assets, or finance working capital,

or indirect financing, such as letters of guarantee and other services.

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Social Development Bank

The Social Development Bank is one of the Kingdom’s leading providers of loans for projects. It is also the largest and most accessible financing gateway

for individuals and emerging and small businesses, offering a range of products and services that have benefited more than

3 million citizens since its establishment in 1391 AH, with total support and financing exceeding SAR 107 billion.

The Bank is committed to supporting startups and small businesses to strengthen their contribution to the national economy by offering support programs

for entrepreneurs, enabling them to launch their businesses and keep their operations running through unexpected crises.

This forms part of its efforts to foster an environment that supports entrepreneurship and help create jobs for citizens through businesses financed

by the Bank.

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Read also:What You Don’t Know About Loans

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بنك البلاد

Bank Albilad offers a wide range of financing solutions for all types of businesses, which can be tailored to

for its financing requirements.

The bank previously launched a financing program for micro, small, and medium-sized enterprises, designed to meet

customers’ diverse financing needs, with repayment terms of up to 36 months.

The program offers financing of up to SAR 15,750,000, a six-month repayment grace period, and financing terms of up to

three years, with no administrative fees.

These are some of the main banks in the Kingdom that offer loans to businesses, which you can approach to request financing for your project.

...and, in turn, enter the vast world of entrepreneurship.