Khalifa Fund for Enterprise Support "Finance Manufacturing Program" Through this service, SME owners in the industrial sector can request to finance their small industrial projects up to a maximum of AED 10 million. Process Steps: Please follow these steps: - Submit the application for registration and documents required by hand to the reception desk. - Receive a call from the consultant to determine the date of the initial interview. - Visit the Khalifa Fund to meet the consultant and get a response. The required documents - Original registration request Valid passport - Copy of valid registration copy - Summary of project image - Two personal photos - Statement of income and list of financial obligations and debts (if any) - Higher Education Certificate (if any) - Biography Picture Valid UAE ID card Training Certificates Commercial license issued by the Department of Economic Development Membership of the Abu Dhabi Chamber of Commerce and Industry - Audited accounts for the last two years if applicable special conditions : General Conditions: - The applicant and partners must be UAE nationals. - Applicants and partners should be adults who are 21 years of age. - The applicant or partners can not obtain more than one loan. - The project should not rely on the labor intensive and unskilled. - The number of commercial licenses issued on behalf of the applicant or partners shall not exceed 5 licenses when submitting the application. - The project should be industrial. Funding Terms: Contribution of not less than 20% of the total cost of the project or determined by the Board of Directors of the Khalifa Fund. The Khalifa Fund calculates reduced and gradual benefits depending on the amount of funding granted. Obtain the approval of the Executive Committee of the Khalifa Fund. Successful completion of training courses (if required). The applicant or partners have a good banking history. No more than one funding request may be made to the same person. In the case of financial obligations, the beneficiary is required to present proof of his financial ability to pay these obligations. • Undertaking to provide regular financial statements on the performance of the project funded by the concerned entities in the Fund. The Fund shall have the right to request any additional information at any time to ascertain the feasibility of the project. The maximum loan is AED 10 million. The loan can be repaid within a maximum period of 36 months from the date of signing the contract with the bank. The repayment period of the loan may be extended for a maximum period of 60 months after the end of the permitted repayment period or as deemed by the Board of Directors of the Khalifa Fund. Means of communication: - E-mail: [email protected] - Telephone: +971 2 0017 696 - Fax: +971 2 491 8800 Customer Service: Khalifa Fund for Enterprise Development Project Support and Development Department
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