Overview
Suez Canal Bank provides a bundle of financial and non-financial services specially tailored for the SME sector:
Medium/Long Term Finance:
- o Aims to finance machinery, equipment, and investment expansions with financing up to EGP 5 million and a tenor up to 5 years.
Short Term Finance:
- o Aims to finance the purchase of goods or inventory with financing up to EGP 5 million and a tenor up to 2 years.
Indirect Financing:
- o Letters of Guarantee.
- o Letters of Credit.
Required Documents
Essential documents:
- o Commercial register
- o Tax card
- o National ID card (for the owner of the establishment and partners in the case of partnerships)
- o Financial statements
- o Tax & social insurance position
Additional documents:
- o Maybe requested based on your business type or specific financing needs
CBE Initiative
As part of the Central Bank's initiatives and in accordance with its policies and protocols signed with other parties, aimed at encouraging the development and financing of businesses, at an exceptional interest rate of 5% (declining balance):
Small enterprises:
(With annual sales ranging from EGP 1 million to less than EGP 50 million).
Including industrial and service activities.
Including sole proprietorships and partnerships.
medium-term financing up to 5 years & All types of short-term facilities.