SME's

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?

EGcan 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	Paid in capital of industrial enterprises ranging between EGP 50K to less than EGP 5 M. Paid-in capital of non- industrial enterprises ranging between EGP 50K to less than EGP 3 M.	Paid in capital of industrial enterprises ranging between EGP 5 M to less than EGP15 M. Paid-in capital of non- industrial enterprises ranging between 3 M to less than EGP 5 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.

Small Business Loan

The Small Business Loan provides multi-purpose financing solutions that support clients in achieving their various goals and ambitions. The Bank provides a wide range of financing purposes that meet most of the needs of customers, including the industrial and non-industrial sectors, companies, the medical services sector, petroleum and other commercial and industrial activities of all kinds

Loan Amount up to 7 million Egyptian pounds
Repayment period of up to 60 months
Available for companies with annual sales turn over between 1 million up to less than 50 million Egyptian pounds within a year
Competitive financing rate
Possibility to increase the loan amount after one year of financing (Top-Up)
Quick and simple procedure
24/7 customer service center

Working Capital Finance
( Short Term )

Short term loans to Financing inventory
Contracting Finance
Trade Finance
A/Rs Finance
SME Financing programs

Medium Term

Asset Acquisition
SME programs to finance purchasing machines and tools
Renewable Energy Finance

Working Capital Finance
( Short Term )

Short term loans to Financing inventory
Contracting Finance
Trade Finance
A/Rs Finance
SME Financing programs

Medium Term

Asset Acquisition
SME programs to finance purchasing machines and tools
Renewable Energy Finance

Main documents needed

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
7.
Copy of manufacturing license, copy from the approval of Industrial Development Authority
7.
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.(Industrial, agricultural and renewable)

The initiative offers fund for Small Enterprises at 5% simple diminishing interest rate to finance operating cycle and fixed assets.

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.

The initiative offers fund for (Industrial, agricultural and residential building contracting) medium Enterprises at 8% interest to finance new equipment, machines, production lines and working capital.

Supporting SME