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The Saudi Bank Account answered the question: "Can an entity obtain financing from several financing entities under the SME Finance Program, managed by the Saudi Industrial Development Fund?
The account responded that funds from multiple sources of funding could be obtained with the program guarantee, taking into account the maximum limits of guarantees per entity, which vary according to the size of the secured entity:
– Maximum amount of RS 2.5 million per micro and small enterprise entity.
– A maximum of 15 million RS for medium enterprises.
– A maximum of 8 million RS for all entities of small and micro enterprises.
It added that the sources of financing that can be obtained under the program guarantee are all the public banks of the Kingdom and cooperate with the program and the grantor for loans and credit facilities for small and medium-sized enterprises.
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