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SME

Request for Expansion Loan

It is a loan designed to encourage and motivate entrepreneurs to grow/expand in companies/sectors (related to F&B activity only) which they see potential for growth and satisfactory returns in the long term. 
Subsidiary Procedural Service
  • Copy of National ID.
  • Copy of the Passport.
  • Copy of the Family Book.
  • Trade license + copy of the memorandum of association (not required for institutions owned by one individual) + office from Ejari + warehouse from Ejari (if any).
  • Last 2 Year's Audited Financials / In House Financials + Bank Statements (for 6 months). In case of multiple active company accounts held by different banks, all accounts statements are required for audit.
  • Company profile/ Feasibility study.
  • Valid lease contract/invoice or quotation from authorized supplier/distributor/factory.
  • NOTE: The institution's credit team may request additional documentation.
  1. Sign up in the Fund's website: thefund.ae
  2. Initial approval of the request and guiding the applicant in submitting the request for funding.
  3. The applicant meeting with the fund team to review the work plan, the financial plan, and related documents.
  4. The applicant uploads the documents through the fund's website.
  5. Field visit to view the existing project (if required).  
  6. Presenting the idea/ request to the credit committee.
  7. The applicant signs the financing contract and the payment schedule, in addition to other documents, and obtains copies of them.
Request for Consultation in Funding
  • The trade license of the company is valid and all necessary legal approvals are available.
  • The minimum financial contribution of the applicant to the funding shall be 20%.
  • The total period should not exceed 60 months (5 years) from the date of signing the contract and without a grace period.
  • Mandatory insurance coverage for the company.
  • Its assets will be mortgaged to the Emirates Integrated Registries Company (EIRC) for the registration of movable and pledged assets.
  • Submitting equal monthly installment checks + a security check for the finance amount (according to the fund's policy).
  • Signing an agreement with the institution in the presence of a notary public.
  • The company must cover the cost of the notary.
  • It is prohibited to buy or sell a controlling interest in/acquisition of the company.
  • Activities available for submission. (Food and Beverage Only)
  • The company can avail another expansion loan after full settlement of the first loan subject to MBRF’s review & approval
Mohammed bin Rashid Fund for SME Website: https://www.thefund.ae/
Individuals Category - New Entrepreneurs from Citizens.
Members Category - National Projects Owners.
What are the terms and conditions?
The beneficiary shall be a UAE national
The citizen’s share of the project’s ownership should be 100%
Enterprise to be located in Dubai.
The applicant shall not obtain more than 5 trade licenses in the Emirate of Dubai. In case of existing enterprises funding, the applicant shall not obtain more than 6 trade licenses in the Emirate of Dubai
The validity of the Trade license shall not be less than two years and not more than 5 years.
The age of the enterpriser shall not be less than 21 or above 65 at the time of payment.

What is the maximum loan amount through the fund?
1 million dirhams.

How much is the interest rate?
None

How long is the repayment period?
Maximum period of 5 years.