OverviewIn a fast developing market, working capital financing is crucial to grow your business and gain a competitive edge.SIB offers the financing required for a firm's investment in its current assets. Our Working Capital Financing encompasses overdrafts, short-term loans and letters of credit including refinancing by way of short-term loans. Features & Benefits Flexible Financing Options Access overdrafts, short-term loans, and letters of credit based on your operational requirements. Quick Disbursement Process requests quickly and access funds to meet urgent working capital needs. Competitive Rates Benefit from financing rates designed to support healthy cash flow management. Customized Limits Set facility limits based on your business size, cash flow cycles, and operational demands. Integration with Cash Management Integrate seamlessly with cash management solutions to optimize fund utilization. Collateral Options Choose facilities with or without collateral based on your credit profile and requirements. Eligibility Criteria Required Documents How to Apply Registered Business Entity Must be an established SME registered as a legal entity (sole proprietor, limited liability company, or similar). Credit Assessment Must have a satisfactory credit history for the business and its owners, as recorded in SIMAH. Business Standing Must be in operation for at least 3 years with a permanent business location or outlet. View full Terms & Conditions Commercial Registration Provide a valid commercial registration certificate. Financial Statements Submit audited financial statements for the last 3 years. Business Financial Indicators Provide supporting information demonstrating positive financial indicators for the business. National Address Registration Provide a valid national address registration confirming the business’s permanent location or outlet. View full Terms & Conditions Prepare Required Documents Gather and ensure all required documents are complete before proceeding with the application. Submit Your Application Submit your application along with the required information to begin the review process. Application Review The bank reviews your application to assess eligibility and next steps. Final Decision Based on the review outcome, the application is either approved or declined, and you are notified of the decision accordingly. View full Terms & Conditions Rates & Fees ProductAnnual Percentage Rate*Administration FeesShort-Term Loans5% - 7% plus SIBOR1.5% - 3%Mid-/Long-Term Loans6% - 8% plus SIBOR1.5% - 3% *Above rates may change based on the credit record of the entity. Get in Touch with Our Team Find us, get in touch, and don’t hesitate to ask for assistance. Phone Number +966 11 874 3000 Telasales Email telesales@saib.com.sa Frequently Asked Questions What is the primary purpose of Working Capital Financing? It provides immediate liquidity to cover daily operational costs like payroll and inventory, ensuring smooth business continuity. What types of facilities are available? Options include short-term loans, revolving overdrafts, and letters of credit tailored to bridge cash flow gaps. How are financing limits determined? Limits are customized based on your business size, annual turnover, and specific cash flow cycles. We’re Always Within Reach Stay connected to your banking, through our customer care team, digital channels, and branches everywhere. Customer Care Submit inquiries, raise complaints, and access support anytime. /customer-care Branches & ATMs Easily locate branches and ATMs wherever you are. E-Banking Services Bank smarter and faster with our secure digital platforms. /personal/e-banking-services