Business loans are granted for small and medium-sized business enterprises. It is a tailor made lending facility for customers meant to achieve business goals. The funds can be used for many different purposes including working capital, business expansion, improvements related to renovations, technology upgrades, real estate purchases and more.
Loans are granted after obtaining valid documents of the business and on verification from Qatar credit bureau. Customer history, transactions, Audited balance sheet, three years’ financial statement are reviewed. Securities such as Fixed deposit, Guarantors, Mortgage, Bank guarantee are necessary to obtain a business loan.