Comprehensive Saudi SME Financing Comparison

1. Short-Term Working Capital Solutions

Institution	Product Details	Rate Structure	Terms & Limits	Requirements & Documents
ANB Short Term Tawaruq	Product Features: Once-off facility Monthly repayment option Available for multiple sectors Shariah-compliant structure Example Scenarios: For 1M SAR: Monthly installment: SAR 88,500 (6% APR) Monthly installment: SAR 86,777 (4% APR) Monthly installment: SAR 93,666 (12% APR)	APR: 4% to 15% Management Fees: 0% to 5% No cap on management fees Rate Variations: Lower rates for existing clients Premium rates for new businesses Sector-specific adjustments	Financing Amounts: Standard: Up to SAR 1,000,000 Tenure Options: Minimum: 1 month Maximum: 12 months Flexible payment schedules Payment Methods: Monthly installments Quarterly payments Bullet payment option	Basic Requirements: CR age: 2+ years Minimum annual revenue: SAR 3M Valid commercial registration Audited financials for 2 years Documents Needed: Bank statements (12 months) Valid commercial registration Articles of association Tax & Zakat certificates GOSI certificate
SNB Short-Term Loan	Product Features: Quick processing time Multiple disbursement options Revolving facility available Linked to business account Example Calculations: For 500,000 SAR: 3 months: SAR 168,057.48 monthly 6 months: SAR 84,797.73 monthly 9 months: SAR 57,432.81 monthly	APR: 4% - 8% Administrative Fees: 1.5% - 3% Rate Factors: Business sector influence Relationship pricing available Credit history impact	Amount Range: SAR 500,000 - 7,500,000 Tenure Options: Minimum: 3 months Maximum: 12 months Custom schedules available Repayment Structure: Monthly installments Quarterly options Balloon payment possibility	Eligibility Criteria: Business age: 3+ years Minimum turnover: SAR 5M Clean credit history Profitable for last 2 years Required Documents: 2 years financial statements 6 months bank statements Business plan Cash flow projections Collateral documents

Institution	Product Structure	Rates & Fees	Example Calculations	Requirements
SAB POS Cash Flow Finance	Financing Limits: Minimum: SAR 100,000 Maximum: SAR 18.75 million Tenor Options: Minimum: 12 months Maximum: 60 months 6 months grace period available Key Features: Based on POS performance Flexible repayment structure No additional collateral required Early settlement option	Base Rate: SIBOR + 6% Management Fees: Minimum 3% Fee Breakdown: Processing fee: 1% Documentation fee: 1% Annual maintenance: 1% Other Charges: Early settlement: 1% of outstanding Late payment: 2% above financing rate	Sample Calculation (1M SAR): Current SIBOR: 1.57243% Rate to Customer: 6.57243% 1 Month Profit: SAR 5,477.03 Total Payoff: SAR 1,005,477.30 6-Month Example: Rate to Customer: 7.57243% Total Profit: SAR 37,862.15 Total Payoff: SAR 1,037,862.15	Business Requirements: 24 months operational history Minimum monthly POS sales: SAR 100,000 Valid commercial registration Clean credit history Documentation: Last 12 months POS statements Bank statements (12 months) Financial statements SIMAH report Business profile Processing Time: Initial approval: 3-5 working days Final approval: 7-10 working days Disbursement: 2-3 working days
Alraedah POS Financing	Program Structure: Range: SAR 100,000 - 7,500,000 Kafalah program support Flexible tenor options Special Features: Quick approval process Digital application No physical collateral Automated repayment	Starting APR: 10.5% (with Kafalah) Administrative Fee: 1.5% of financed amount Minimum fee: SAR 5,000 Rates may vary based on: Business sector Credit score POS volume	Financing Examples: For SAR 500,000: Admin Fee: SAR 7,500 Monthly Payment: SAR 46,250 Total Cost: SAR 555,000 For SAR 1,000,000: Admin Fee: SAR 15,000 Monthly Payment: SAR 92,500 Total Cost: SAR 1,110,000	Eligibility: 6+ months POS history Saudi-registered business Minimum monthly POS: SAR 50,000 Required Documents: Commercial Registration VAT Registration POS statements Bank statements Owner ID Processing Time: Initial approval: 24-48 hours Final approval: 3-5 working days

Institution

Product Structure

Rates & Fees

Example Calculations

Requirements

SAB POS Cash Flow Finance

Financing Limits:

Minimum: SAR 100,000
Maximum: SAR 18.75 million

Tenor Options:

Minimum: 12 months
Maximum: 60 months
6 months grace period available

Key Features:

Based on POS performance
Flexible repayment structure
No additional collateral required
Early settlement option

Base Rate: SIBOR + 6%

Management Fees: Minimum 3%

Fee Breakdown:

Processing fee: 1%
Documentation fee: 1%
Annual maintenance: 1%

Other Charges:

Early settlement: 1% of outstanding
Late payment: 2% above financing rate

Sample Calculation (1M SAR):

Current SIBOR: 1.57243%

Rate to Customer: 6.57243%
1 Month Profit: SAR 5,477.03
Total Payoff: SAR 1,005,477.30

6-Month Example:

Rate to Customer: 7.57243%
Total Profit: SAR 37,862.15
Total Payoff: SAR 1,037,862.15

Business Requirements:

24 months operational history
Minimum monthly POS sales: SAR 100,000
Valid commercial registration
Clean credit history

Documentation:

Last 12 months POS statements
Bank statements (12 months)
Financial statements
SIMAH report
Business profile

Processing Time:

Initial approval: 3-5 working days
Final approval: 7-10 working days
Disbursement: 2-3 working days

Alraedah POS Financing

Program Structure:

Range: SAR 100,000 - 7,500,000
Kafalah program support
Flexible tenor options

Special Features:

Quick approval process
Digital application
No physical collateral
Automated repayment

Starting APR: 10.5% (with Kafalah)

Administrative Fee:

1.5% of financed amount
Minimum fee: SAR 5,000

Rates may vary based on:

Business sector
Credit score
POS volume

Financing Examples:

For SAR 500,000:

Admin Fee: SAR 7,500
Monthly Payment: SAR 46,250
Total Cost: SAR 555,000

For SAR 1,000,000:

Admin Fee: SAR 15,000
Monthly Payment: SAR 92,500
Total Cost: SAR 1,110,000

Eligibility:

6+ months POS history
Saudi-registered business
Minimum monthly POS: SAR 50,000

Required Documents:

Commercial Registration
VAT Registration
POS statements
Bank statements
Owner ID

Processing Time:

Initial approval: 24-48 hours
Final approval: 3-5 working days

Institution & Product	Terms & Structure	Rates & Fees	Payment Examples	Requirements & Process
ANB Medium Term Tawaruq	Product Features: Term: 18-36 months Amount: Up to SAR 1,000,000 Multiple disbursement options Grace period available Financing Structure: Islamic Tawaruq basis Monthly repayment schedule Bullet payment option Early settlement allowed	APR Range: 4-15% Fee Structure: Management Fees: 0-5% Processing Fee: Up to 1% Documentation: SAR 1,000 Actual rates based on: Business profile Financial strength Collateral offered	Example 1: 18 Months Principal: SAR 1,000,000 APR: 10% Management Fee: 2% (SAR 20,000) Monthly Payment: SAR 64,166 Example 2: 24 Months Principal: SAR 1,000,000 APR: 7% Management Fee: 3% (SAR 30,000) Monthly Payment: SAR 47,694 Example 3: 36 Months Principal: SAR 1,000,000 APR: 8% Management Fee: 4% (SAR 40,000) Monthly Payment: SAR 34,666	Basic Requirements: 3+ years in business Profitable for last 2 years Annual revenue > SAR 3M Clean credit history Documentation Required: Audited financials (2 years) Bank statements (12 months) Business projections CR & licenses Collateral documents Process Timeline: Initial review: 5-7 days Credit approval: 10-15 days Documentation: 5-7 days Disbursement: 2-3 days
BSF Medium/Long Term	Available Products: Tawaruq facility Murabaha financing Term up to 60 months Key Features: Flexible repayment options Grace period available Multiple drawdown facility Revolving option available	Profit Rate: 3% to 11.5% Fee Structure: Administrative Fees: 1.5% to 5% Documentation: Variable Early Settlement: 1% Rate Variations: Based on facility type Term length impact Security provided	Sample Calculations: 2-Year Term: Amount: SAR 1,000,000 Rate: 5% Monthly: SAR 43,871 5-Year Term: Amount: SAR 1,000,000 Rate: 7% Monthly: SAR 19,808	Eligibility: 2+ years operations Positive net worth Debt service ratio > 1.25x Required Documents: Financial statements Tax declarations Business plan Feasibility study Security documents

Institution & Product

Terms & Structure

Rates & Fees

Payment Examples

Requirements & Process

ANB Medium Term Tawaruq

Product Features:

Term: 18-36 months
Amount: Up to SAR 1,000,000
Multiple disbursement options
Grace period available

Financing Structure:

Islamic Tawaruq basis
Monthly repayment schedule
Bullet payment option
Early settlement allowed

APR Range: 4-15%

Fee Structure:

Management Fees: 0-5%
Processing Fee: Up to 1%
Documentation: SAR 1,000

Actual rates based on:

Business profile
Financial strength
Collateral offered

Example 1: 18 Months

Principal: SAR 1,000,000
APR: 10%
Management Fee: 2% (SAR 20,000)
Monthly Payment: SAR 64,166

Example 2: 24 Months

Principal: SAR 1,000,000
APR: 7%
Management Fee: 3% (SAR 30,000)
Monthly Payment: SAR 47,694

Example 3: 36 Months

Principal: SAR 1,000,000
APR: 8%
Management Fee: 4% (SAR 40,000)
Monthly Payment: SAR 34,666

Basic Requirements:

3+ years in business
Profitable for last 2 years
Annual revenue > SAR 3M
Clean credit history

Documentation Required:

Audited financials (2 years)
Bank statements (12 months)
Business projections
CR & licenses
Collateral documents

Process Timeline:

Initial review: 5-7 days
Credit approval: 10-15 days
Documentation: 5-7 days
Disbursement: 2-3 days

BSF Medium/Long Term

Available Products:

Tawaruq facility
Murabaha financing
Term up to 60 months

Key Features:

Flexible repayment options
Grace period available
Multiple drawdown facility
Revolving option available

Profit Rate: 3% to 11.5%

Fee Structure:

Administrative Fees: 1.5% to 5%
Documentation: Variable
Early Settlement: 1%

Rate Variations:

Based on facility type
Term length impact
Security provided

Sample Calculations:

2-Year Term:

Amount: SAR 1,000,000
Rate: 5%
Monthly: SAR 43,871

5-Year Term:

Amount: SAR 1,000,000
Rate: 7%
Monthly: SAR 19,808

Eligibility:

2+ years operations
Positive net worth
Debt service ratio > 1.25x

Required Documents:

Financial statements
Tax declarations
Business plan
Feasibility study
Security documents

Program Type	Terms & Structure	Rates & Fees	Example Calculations	Requirements
Medium Enterprise Financing	Program Features: Financing up to SAR 18.75 million Term up to 84 months Kafalah program eligible Multiple drawdown options Payment Structure: Monthly installments Quarterly options available Grace period possible Early settlement allowed	Fixed Rate Structure: Annual rate: 5% to 7% Administrative fees: 1.5% to 3% Fee Breakdown: Processing: 0.5% Documentation: 0.5% Annual maintenance: 0.5%	5-Year Term Example: Amount: SAR 10,000,000 Rate: 6% annual Admin fee: 2% (SAR 200,000) Monthly payment: SAR 193,333 Total profit: SAR 1,600,000 7-Year Term Example: Amount: SAR 15,000,000 Rate: 7% annual Admin fee: 3% (SAR 450,000) Monthly payment: SAR 242,857 Total profit: SAR 4,400,000	Basic Requirements: 3+ years operations Annual revenue > SAR 40M Positive EBITDA Clean credit history Required Documents: 3 years audited financials 6 months bank statements Business plan Collateral documents Management CVs
Micro & Small Enterprise Financing	Program Features: Up to SAR 6.25 million Term up to 84 months Flexible security options Shariah-compliant structure Special Features: Seasonal payment options Step-up payments available Grace period up to 6 months	Rate Structure: Fixed rate: 6% to 8% annual Admin fees: 1.5% to 3% Additional Fees: Insurance: 0.5% Documentation: SAR 5,000 Annual review: SAR 2,500	3-Year Term Example: Amount: SAR 3,000,000 Rate: 6.5% annual Admin fee: 2% (SAR 60,000) Monthly payment: SAR 92,167 Total profit: SAR 318,012 5-Year Term Example: Amount: SAR 5,000,000 Rate: 7.5% annual Admin fee: 2.5% (SAR 125,000) Monthly payment: SAR 100,417 Total profit: SAR 1,025,020	Eligibility: 2+ years operations Annual revenue > SAR 3M Profitable operation Valid sector licenses Documentation: 2 years financial statements 6 months bank statements Tax certificates Business projections Personal guarantee

Program Type

Terms & Structure

Rates & Fees

Example Calculations

Requirements

Medium Enterprise Financing

Program Features:

Financing up to SAR 18.75 million
Term up to 84 months
Kafalah program eligible
Multiple drawdown options

Payment Structure:

Monthly installments
Quarterly options available
Grace period possible
Early settlement allowed

Fixed Rate Structure:

Annual rate: 5% to 7%
Administrative fees: 1.5% to 3%

                                Fee Breakdown:
                                Processing: 0.5%
Documentation: 0.5%
Annual maintenance: 0.5%

                            

5-Year Term Example:

Amount: SAR 10,000,000

Rate: 6% annual
Admin fee: 2% (SAR 200,000)
Monthly payment: SAR 193,333
Total profit: SAR 1,600,000

7-Year Term Example:

Amount: SAR 15,000,000

Rate: 7% annual
Admin fee: 3% (SAR 450,000)
Monthly payment: SAR 242,857
Total profit: SAR 4,400,000

Basic Requirements:

3+ years operations
Annual revenue > SAR 40M
Positive EBITDA
Clean credit history

Required Documents:

3 years audited financials
6 months bank statements
Business plan
Collateral documents
Management CVs

Micro & Small Enterprise Financing

Program Features:

Up to SAR 6.25 million
Term up to 84 months
Flexible security options
Shariah-compliant structure

Special Features:

Seasonal payment options
Step-up payments available
Grace period up to 6 months

Rate Structure:

Fixed rate: 6% to 8% annual
Admin fees: 1.5% to 3%

                                Additional Fees:
                                Insurance: 0.5%
Documentation: SAR 5,000
Annual review: SAR 2,500

                            

3-Year Term Example:

Amount: SAR 3,000,000

Rate: 6.5% annual
Admin fee: 2% (SAR 60,000)
Monthly payment: SAR 92,167
Total profit: SAR 318,012

5-Year Term Example:

Amount: SAR 5,000,000

Rate: 7.5% annual
Admin fee: 2.5% (SAR 125,000)
Monthly payment: SAR 100,417
Total profit: SAR 1,025,020

Eligibility:

2+ years operations
Annual revenue > SAR 3M
Profitable operation
Valid sector licenses

Documentation:

2 years financial statements
6 months bank statements
Tax certificates
Business projections
Personal guarantee

Product Type	Lowest Rate	Average Rate	Highest Rate
Short Term	3% (BSF)	8.5%	15% (ANB)
Medium Term	5% (Alinma)	9%	13.31% (ARB)
POS-Based	10.5% (Alraedah)	17%	25.05% (ARB)

Product Type

Lowest Rate

Average Rate

Highest Rate

Short Term

3% (BSF)

8.5%

15% (ANB)

Medium Term

5% (Alinma)

13.31% (ARB)

POS-Based

10.5% (Alraedah)

17%

25.05% (ARB)

Amount

APR

Monthly Payment

500,000

14.01%

11,675

1,000,000

16.50%

24,750

5,000,000

20.40%

127,500

Loan Amount

Term

APR

Admin Fee

500,000

24mo

25.34%

2.5%

2,000,000

36mo

24.43%

2.5%

5,000,000

60mo

22.98%

2.5%

Product Type

APR

Term

Kafalah

13%

4 years

Standard

15%

4 years

Microloan

16%

1 year

Product

Management Fees

Annual ROI

Invoice Financing

2% - 3%

11% - 24%

SME Bank Financing

9.9%

Culture Fund

4% - 6%

1% - 3%

Business Size/Type	Best Options	Expected Rates	Required Documentation	Processing Time
Large SMEs (>50M SAR revenue)	Alinma Medium Enterprise (5-7%) SNB Long-Term (4-9%) BSF Medium Term (3-11.5%)	APR: 3-11.5% Admin: 1.5-3%	3 years audited financials Bank statements Business plan Collateral documents Cash flow projections	20-30 days
Medium SMEs (10-50M SAR)	SAB POS Finance (SIBOR+6%) ARB POS Finance (14-25%) Alraedah (from 10.5%)	APR: 10.5-25% Admin: 1.5-5%	2 years financials 6 months bank statements POS statements Tax certificates	10-15 days
Small SMEs (<10M SAR)	Quara Finance (14-20.4%) Lendo Invoice (11-24%) SFCO (22.98-25.34%)	APR: 14-25.34% Admin: 2-6%	1 year financials 3 months bank statements Business registration Owner ID	3-7 days

Business Size/Type

Best Options

Expected Rates

Required Documentation

Processing Time

Large SMEs (>50M SAR revenue)

Alinma Medium Enterprise (5-7%)
SNB Long-Term (4-9%)
BSF Medium Term (3-11.5%)

APR: 3-11.5%

Admin: 1.5-3%

3 years audited financials
Bank statements
Business plan
Collateral documents
Cash flow projections

20-30 days

Medium SMEs (10-50M SAR)

SAB POS Finance (SIBOR+6%)
ARB POS Finance (14-25%)
Alraedah (from 10.5%)

APR: 10.5-25%

Admin: 1.5-5%

2 years financials
6 months bank statements
POS statements
Tax certificates

10-15 days

Small SMEs (<10M SAR)

Quara Finance (14-20.4%)
Lendo Invoice (11-24%)
SFCO (22.98-25.34%)

APR: 14-25.34%

Admin: 2-6%

1 year financials
3 months bank statements
Business registration
Owner ID

3-7 days

Provider Type	Application	Initial Review	Credit Decision	Disbursement	Total Time
Traditional Banks	2-3 days	5-7 days	10-15 days	3-5 days	20-30 days
Financing Companies	1 day	2-3 days	3-5 days	1-2 days	7-11 days
Fintech Providers	Same day	1 day	1-2 days	Same day	2-3 days

Provider Type

Application

Initial Review

Credit Decision

Disbursement

Total Time

Traditional Banks

2-3 days

5-7 days

10-15 days

3-5 days

20-30 days

Financing Companies

1 day

2-3 days

3-5 days

1-2 days

7-11 days

Fintech Providers

Same day

1 day

1-2 days

Same day

2-3 days

Comprehensive Saudi SME Financing Comparison

1. Short-Term Working Capital Solutions

Product Features:

Example Scenarios:

Rate Variations:

Financing Amounts:

Tenure Options:

Payment Methods:

Basic Requirements:

Documents Needed:

Product Features:

Example Calculations:

Rate Factors:

Amount Range:

Tenure Options:

Repayment Structure:

Eligibility Criteria:

Required Documents:

2. POS-Based Financing Solutions

Financing Limits:

Tenor Options:

Key Features:

Fee Breakdown:

Other Charges:

Sample Calculation (1M SAR):

6-Month Example:

Business Requirements:

Documentation:

Processing Time:

Program Structure:

Special Features:

Administrative Fee:

Financing Examples:

Eligibility:

Required Documents:

Processing Time:

3. Medium-Term Financing Solutions

Product Features:

Financing Structure:

Fee Structure:

Example 1: 18 Months

Example 2: 24 Months

Example 3: 36 Months

Basic Requirements:

Documentation Required:

Process Timeline:

Available Products:

Key Features:

Fee Structure:

Rate Variations:

Sample Calculations:

2-Year Term:

5-Year Term:

Eligibility:

Required Documents:

Key Considerations for Medium-Term Financing:

Alinma Bank Enterprise Financing Programs

Program Features:

Payment Structure:

Fixed Rate Structure:

Fee Breakdown:

5-Year Term Example:

7-Year Term Example:

Basic Requirements:

Required Documents:

Program Features:

Special Features:

Rate Structure:

Additional Fees:

3-Year Term Example:

5-Year Term Example:

Eligibility:

Documentation:

Market Comparison Analysis

Rate Comparison by Product Type

Processing Time Comparison

Traditional Banks:

Financing Companies:

Best Fit Analysis

Established Businesses (5+ years):