Contract Finance
Power your projects with instant access to funds
backed by your contracts!
Contract Finance
Turn your active contracts into instant liquidity with alrajhi bank’s Contract Finance. Skip the lengthy paperwork this solution provides upfront access to your expected revenues, ensuring timely payments to your team and vendors. It also protects against project delays and payment lags, backed by our long standing experience in funding contract based businesses.
Features
Funding Your Business
Finance is available for a variety of contracts awarded by government agencies and private organizations operating in different sectors. Contract Finance acts as a financial safety net by advancing funds against your contractual billing, so when you want to pay your staff and suppliers, there’s no need to wait for your customers' payment to get started.
Customized Financing
Our finance team appreciates that every company has particular financial concerns and needs. That is why we customize our financing to fit the individual nature of your company. You’re in good hands with our reputable financial professionals.
Need Funds Fast
Companies that are presented with an unexpected contract or opportunity can use Contract Financing to secure new business. Reduced approval time lines allow for faster access to the short-term capital needed to secure a new project or complete an existing one.
Working together
Our dedicated relationship managers will work with you to structure your shariah compliant term loan finance based on your business needs. We offer fast loan processing, multiple finance options and competitive pricing with facilities up to SAR 40 Million.
Eligibility:
- Copy of the Commercial Registration and operating license.
- Audited financial statements of the business.
- Wide range of acceptable collateral.
- Clean credit report approved by Bayan Credit Bureau.
Required Documents:
- Valid copy of the Commercial Registration / Industrial License.
- Copy of National ID / Residence permit of the owner of the sole proprietor, and for all partners in case of a company.
- Audited financial statements of the business for the past three fiscal years.
- Copy of a valid Social Insurance Certificate.
- Company Memorandum of Association / Founding Partners’ Resolutions.
- Copy of valid Nitaqat (Labor Office) Certificate.
- Copy of valid Certificate from the Zakat, Tax and Customs Authority.
- Business Profile / Company Overview.
How to apply
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