|SME Credit and Loans|
Access credit and loans: the Banking Window programme
Are you eligible? Check if your company / project meet the following criteria
• Applying under the form of an existing or to be created (start-up) legal entity.
• A service enterprise established in Jordan.
• Registered at the Companies Control Department or line ministries.
• Currently employing 5 to 250 employees (exceptions).
• 100% privately owned.
• Enjoying a minimum paid-in capital of JD5,000.
Evaluate your needs
Service 1 Prepare your company to raise competitive financing
Service 2 Access to competitive bank financing
Service 3 Better manage your guarantees and collaterals
Service 1. Increase your company’s readiness to access competitive financing
This service is designed to:
• Improve your company’s readiness to raise financing.
• Optimize the use of its financial resources.
You can assess your company’s readiness for raising financing on good terms with the following checklist:
• My company operates efficient financial systems
• The staff is well trained on financial issues
• Management in full command of cash-flows
• Financial reports issued on regular basis
• Financial costs and revenues are optimized
• Financial statements are audited
• A full business plan is available
If you think that one of the above items can be improved, Jordan Enterprise Development Corporation (JEDCO) may assist you by:
• Carrying out a full diagnosis.
• Designing a tailored support plan.
• Mobilizing JSMP resources, internal or external, to implement the plan.
• Improving the terms of your financial conditions through our network of banks and financial institutions.
Service 2. Access to competitive Bank Financing
A company’s growth often requires raising a term loan, new credit lines or undertaking a review of existing financing.
JSMP can help you access a loan to:
• Start your business (start up).
• Fix financial problems (financial restructuring).
• Meet an increase in materials costs.
• Meet specific changes in your business environment.
• Meet the change of payment conditions to suppliers and/or the collection conditions from your customers.
JSMP can further assist you by:
• Determining the best financings for your needs.
• Supporting you in the production of a complete loan/credit application dossier.
• Producing a credit report in line with the banks’ international standards.
• Accompanying you in the search and negotiation of the best credit/loan terms available.
Service 3. Better access to, and management of, new collateral
A rational management of assets based on modern financial techniques may result in:
• Obtaining better conditions for existing financings.
• Accessing additional financing against the same amount of guarantees. The best use of existing or new collateral and guarantees is therefore key to optimizing the use of your company’s patrimony.
JSMP may assist your company in improving the management of mortgages in relation to:
• Bank policies.
• Granted facilities amount.
• Client’s risk.
• Renegotiating existing financing with banks.
JSMP may assist you in this respect by:
• Carrying out a full diagnosis.
• Advising on collateral management policy.
• Improving the collateral terms of your existing financings (financial restructuring).
• Supporting you in discussing with banks.
• Mobilizing external collateral.
1. Increase your company readiness to access finance
• Producing reliable financial reporting.
• Efficient management of cash-flows.
• Optimization of financial profit.
• Business plans preparation.
• Introduction to a network of SME banks.
2. Accessing adapted and competitive financing
• Raising funds for starting your enterprise.
• Assistance in meeting evolving financial needs.
• Applying for new loans, increasing loans scope.
• Restructuring conditions of existing facilities.
• Managing and accessing collaterals.
• Direct assistance in managing current collaterals.
• Accessing new collaterals.
• Improving financial terms accordingly.