Cash financing
⤴(For those without POS or with low POS income)⤴
💰 First: Cash Financing
🔹 Amount: 3,000,000 SAR
🔹 Targeted Activities:
* Coffee shops
* 🍽 Restaurants
* 💄 Women's salons
* Lounges
🔹 Conditions:
* سجل (Commercial Registration) age over 3 years
* Existing physical location (active business)
* POS income not required
🔹 Office Fees:
* 35%
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🚛 Second: Vehicle Fleet Financing
🔹 Total Financing: 7,500,000 SAR
🔹 Distribution Method:
* 💵 40% Cash
* 🚚 60% Fleet (trucks)
🔹 Activities:
* All activities (except those mentioned in cash financing)
🔹 Conditions:
* سجل (Commercial Registration) age over 1 year
* Physical location not required
* POS income not required
🔹 Office Fees:
* 50% of the cash portion (40%)
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General Conditions (required for both types)
* ❌ No financial defaults
* ❌ No service suspensions
* ✅ Most importantly: سجل (Commercial Registration) and owner must be 100% financially clean
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📂 Requirements for Financing Application
1. 📄 Commercial Registration (سجل تجاري)
2. 🏢 Municipal License
3. 📍 National Address for the Establishment
‏4. 🇸🇦 Saudization Certificate
5. Owner's ID
6. 📊 Simah Report (recent)
7. 📱 Owner's mobile number
*Important Note
For fleet financing, add a logistics or transportation activity to the سجل (Commercial Registration) and obtain a restricted transport license.