Riyadh – Sharikat Mubasher: Saudi Arabia’s Small and Medium Enterprises Bank (SME Bank) announced launching the second phase of its Agency Model program, aiming to provide SAR 240 million in financing to micro, small, and medium enterprises (MSMEs) in 2025.

According to the Bank’s official press release, this initiative works through debt-based crowdfunding platforms — Manafa, Lendo, and Tameed — where SME Bank allocates funds, and the platforms manage and distribute financing directly to businesses under flexible terms.

Loan amounts range from SAR 50,000 to SAR 1 million, with repayment periods of up to 12 months and grace periods of up to three months for select products.

The first phase of the program successfully delivered SAR 88 million to MSMEs across various sectors, boosting business sustainability and contributing to economic growth. Building on this momentum, the second phase focuses on startups and e-commerce businesses, aiming to digitally streamline financing and accelerate approvals.

SME Bank encouraged entrepreneurs to apply via the Financing Gateway platform and highlighted that this phase will prioritize projects with sustainable economic impact, helping businesses achieve their growth and investment goals.

Established in 2021 under the National Development Fund, the SME Bank plays a critical role in bridging the financing gap, driving innovation in financial solutions, and positioning the SME sector as a key pillar of Saudi Vision 2030.