SME
EGBANK can assist you in acquiring new assets that will help in boosting your sales or greatly reduce your expenses.
EGBANK can help in maintaining better cash flow by managing collection of cash sales or paying installments to suppliers.
As a major aspect of the EGBANK’s technique to build its support to SMEs and in acknowledgment of their positive effect on the Egyptian economy, Our SME department is distinctive with highly qualified and specialized RMs, Credit analysts and specialists who are experienced in consulting the financial needs of SME's. Such team is appropriated all through EGBANK’s system augmented everywhere throughout the country and devoted to offer and select the best banking practices.
| Small | Medium | |
|---|---|---|
|
Existing Business |
EGP 1 M to EGP 50 M | EGP 50 M to EGP 200 M |
|
Start-Up Business |
EGP 50 K to EGP 5 M | EGP 5 M to EGP 10 M |
Audited Financials (Income statement, Balance sheet, Cash flows) for the last three years
Copy of national ID of partners that contribute with more than 10%
Copy from the contract of
company formation
Certified audited accountant certificate with taxation and insurance policy
Copy form a valid Commercial register that doesn’t exceed three months
Copy of taxation card
Copy of manufacturing license, copy from the approval of Industrial Development Authority
Feasibility study
Certified audited accountant certificate with taxation and insurance policy
Copy of national ID of partners that contribute with more than 10%
Copy form a valid Commercial register that doesn’t exceed three months
Copy from the contract of
company formation
Copy of taxation card
Copy of manufacturing license, copy from the approval of Industrial Development Authority
According to the CBE initiative, small businesses are those with sales turnover ranging between EGP 1 Million up to less EGP 50 Million for sole proprietorship or companies either new or existing in various sectors. Small businesses can apply for any credit facility with 5% flat interest rate, to finance all investment and all operational costs.
According to the CBE initiative all medium businesses are those with sales turnover ranging between EGP 50 Million up to less EGP 200 Million for sole proprietorship or companies either new or existing in various sectors. Medium Businesses can apply for credit facilities with 12% flat interest rate, to finance all investment or 7% flat interest rate in case of financing equipment, machinery and new production lines.
