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Enterprise Financing |
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| BisB in partnership with Tamkeen is here to help enterprises grow. In addition to comprehensive banking packages, BisB also provides expert business solutions, which means easier access to capital, as well as personalized guidance to help bring visions to life. |
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| What are the eligibility criteria for obtaining Enterprise Financing? |
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Any enterprise should comply with the following to be considered eligible for the finance scheme:
- Have a valid CR and all required valid licenses for conducting the business activities.
- Have an active CR status.
- Be established and conducting business in the Kingdom of Bahrain.
- Be in business for at least 2 years.
- Present Audited Financials.
- Enterprises and owners must have clean credit history and not be listed in the CBB abuser list.
- Comply with LMRA Bahrainization requirements and fees payment.
- Have acceptable turnover and financial ratios to BisB.
- The owner must be less than 65 years old upon the maturity of the finance.
- The following Enterprises are excluded:
- All real estate related enterprises
- All brokerage houses
- All financing companies
- Enterprises partially or fully owned by any of BisB’s or Tamkeen’s employees
- Any enterprise with non Shari’a compliant activity
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| What are the documents required to obtain Enterprise Financing? |
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- LMRA fees payment receipt.
- 1 year bank statement.
- LMRA Bahrainization report.
- Article and Memorandum of Association.
- Copy of CR.
- Company profile.
- 3 years Audited Financials.
- Board Resolution.
- 2 Valid IDs of owners
- A letter specifying the purpose of the finance.
- A copy of an electricity bill from the last 6 months.
- Filled finance application form with appropriate signatures.
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| What are the products offered by BisB under Enterprise Financing? |
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BisB offers two ways to help obtain the finance scheme:
- Direct Financing: which will offer three products
- Auto and Equipment Financing: (Murabaha)
- Working Capital Financing: (Tas’heel)
- Trade Finance Transactions: Letter of Credit (LC) and Letter of Guarantee (LG)
- Credit Line: With this product, BisB will approve a credit line limit for the customer with sub-limits based on the following:
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Sub-limit |
- Auto & Equipment Financing.
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60% of total approved limit |
- Working Capital Financing.
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40% of total approved limit |
- Trade Finance Transactions.
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100% of the approved limit |
- BisB Corporate Card
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5% of the approved limit |
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| How can I apply for BisB's Enterprise Financing? |
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The following steps can be followed to apply for BisB's Enterprise Financing:
- Download and print the BisB Enterprise Financing application form. Click here to download.
- Enter the details requested in the application form.
- Contact the BisB Enterprise Finance team on 17515151 to proceed with your application.
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| What are the features of each product offered by BisB under Enterprise Finance? |
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- Credit Line
- Minimum Limit: BD10,000
- Maximum Limit: BD250,000
- Issuing Fees: 1% of the approved limit, paid cash
- Limit Renewal Fees: Nil
- Limit Validity: 1 year
- Limit Renewal: After 1 year and subject to full review and obtaining updated documents
- Auto and Equipment Financing
- Minimum Limit: BD10,000
- Maximum Limit: BD250,000 subject to credit line sub-limit
- Profit Rate: 4% reducing
- Processing Charges: BD150 flat, paid cash by the customer
- Takaful Life Insurance: Individual policy covering the full amount and duration of finance
- Grace Period: 2 months
- Maximum Duration: 5 years
- Working Capital Financing
- Minimum Limit: BD10,000
- Maximum Limit: BD250,000 subject to credit line sub-limit
- Profit Rate: 4% reducing
- Processing Charges: BD150 flat, paid cash by the customer
- Takaful Life Insurance: Individual policy covering the full amount and duration of finance
- Grace Period: 2 months
- Maximum Duration: 5 years
- Trade Finance Transactions
- Minimum Limit: BD10,000
- Maximum Limit: BD250,000 subject to credit line sub-limit
- Processing Charges: BD150 flat, paid cash by the customer
- Takaful Life Insurance: Individual policy covering the full amount and duration of finance
- Grace Period: 2 months, from the date of disbursing the fund to the beneficiary
- Finance Duration: 2 years, subject to Bank’s approval
- BisB Corporate Card
- Minimum Limit per Card: BD2,000
- Maximum Limit: 5% of the approved Credit Line
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