SME
Do you plan to grow your business?

EGBANK can assist you in acquiring new assets that will help in boosting your sales or greatly reduce your expenses.

Do you face challenges controlling your cash flow?

EGBANK can help in maintaining better cash flow by managing collection of cash sales or paying installments to suppliers.

Supporting SME

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.

If your business annual sales lie between EGP 1 million and EGP 200 million, you can benefit from EGBANK's 2 main SME tiers, offering different products and facilities suiting your business industry
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

European Investment Bank Funding for SME Loans in cooperation with EGbank

Through an agreement with the European Investment Bank (EIB; www.eib.org) we are supporting small and medium sized businesses (SMEs) by providing access to an invaluable source of lower cost finance and flexible repayment schedules.

What is EIB funding?

The EIB is strengthening its support for SMEs by helping this important sector to access vital new lines of credit. The loan term is of a minimum of 2 years (the actual length of the loan will depend on the economic and technical life of the project financed)

Who can apply for an EIB loan?

  • Local SMEs with less than 250 employees on a consolidated basis prior to the investment.
  • Most economic sectors are eligible with a few exceptions

What are the benefits for your Business?

  • You can receive beneficial interest rates or longer tenors compared to standard business lending conditions.

Fast Cash Program

  • Finance working investments needs.
  • Loan amount starting EGP 300k up to EGP 2MM.
  • Interest rate 5% for small companies as per CBE initiatives’ .

Special program designed to match the financing needs of construction companies & Supplying Companies

  • Loan amount starting EGP 1MM up to EGP 7MM.
  • Issuing all types if letter of Guarantees
  • Interest rate 5% for small companies as per CBE initiatives’.

Smart Receivables Program

  • Finance working investments needs.
  • Loan amount starting EGP 1MM up to EGP 7MM.
  • Interest rate 5% for small companies as per CBE initiatives’.

Main documents needed for an existing companies

  • 1.

    Audited Financials (Income statement, Balance sheet, Cash flows) for the last three years

  • 2.

    Copy of national ID of partners that contribute with more than 10%

  • 3.

    Copy from the contract of
    company formation

  • 4.

    Certified audited accountant certificate with taxation and insurance policy

  • 5.

    Copy form a valid Commercial register that doesn’t exceed three months

  • 6.

    Copy of taxation card

Main documents needed for start-ups

  • 02.

    Certified audited accountant certificate with taxation and insurance policy

  • 03.

    Copy of national ID of partners that contribute with more than 10%

  • 04.

    Copy form a valid Commercial register that doesn’t exceed three months

  • 05.

    Copy from the contract of
    company formation

  • 06.

    Copy of taxation card

  • 07.

    Copy of manufacturing license, copy from the approval of Industrial Development Authority

CBE initiative to support small
and medium enterprises (SMEs)

Small Businesses

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.

Medium Businesses

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.

Interested in SME
Banking?
Apply now