🇦🇪 Government-Backed SME Financing Programs

  1. Dubai SME – Seed and Credit Loans

Dubai SME, an initiative under the Department of Economic Development, offers:

  • Seed Loans: Interest-free loans up to AED 1 million for startups owned and managed by UAE nationals, with repayment terms up to 5 years and a grace period of up to 24 months.
  • Credit Loans: Loans ranging from AED 1 million to AED 3 million through partner banks, featuring low interest rates and grace periods.
  • Eligibility: Applicants must be UAE nationals aged between 21 and 65, with businesses located in Dubai.
  1. Dubai International Growth Initiative (DIGI)

Launched in partnership with Emirates NBD, DIGI aims to support Dubai-founded SMEs in sectors like e-commerce, F&B, FMCG, manufacturing, services, and retail.

  • Financing: Up to AED 15 million for up to 7 years at subsidized interest rates based on EIBOR, with no additional margin.
  • Eligibility: Open to SMEs of all nationalities, operational in Dubai for at least 3 years, seeking global expansion.
  1. Emirates Development Bank (EDB)

EDB provides tailored financing solutions for SMEs, including:

  • Loan Types: Working capital, asset-backed financing, receivable financing, business expansion, and project financing.
  • Special Initiatives: Support for sectors like AgriTech, renewable energy, and digitization.
  • Additional Support: Technical assistance, advisory services, and partnerships with entrepreneurship hubs for incubation and training.
  1. Khalifa Fund for Enterprise Development

While primarily supporting Emirati entrepreneurs, the Khalifa Fund offers:

  • Financial Support: Loans and grants to UAE nationals.
  • Non-Financial Support: Business strategy guidance, technical advice, and support services.

 Private and Alternative Financing Options

  1. Beehive – Capital Guarantee Scheme

In collaboration with Dubai SME, Beehive offers:

  • Loans: Up to 100% capital guarantee loans for Dubai-based SMEs owned or managed by Emiratis.
  • Purpose: To strengthen business resources and meet customer expectations, especially during challenging times.
  1. Money Hub UAE

Money Hub provides customized financial solutions for SMEs across the UAE, including:

  • Services: Business loans, working capital loans, asset-based financing, and trade finance solutions.
  • Support: Expert guidance throughout the loan application process, with transparent terms and conditions.
  1. Commercial Banks Offering SME Loans

Several banks in the UAE offer SME financing options:

  • Commercial Bank of Dubai: Term loans up to AED 1 million for 12–48 months, with no collateral required.
  • First Abu Dhabi Bank: SME Growth Loans up to 4 years at competitive rates.
  • Emirates NBD: Small Business Loans up to AED 300,000 for up to 36 months, with attractive interest rates.

 Key Considerations Before Applying

  • Eligibility: Ensure your business meets the specific criteria set by the financing institution, such as ownership structure, business location, and operational history.
  • Documentation: Prepare necessary documents, including a detailed business plan, financial statements, and identification proofs.
  • Loan Terms: Understand the interest rates, repayment schedules, grace periods, and any collateral requirements.
  • Application Process: Some institutions offer online applications, while others may require in-person consultations.
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