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If having your own business is an achievement you dream of, this is for you.   You have the ideas, and the skills, but still need a reliable partner who will finance your new project or increase your working capital.  Byblos Bank’s “Kafalat” is the loan for qualified Lebanese entrepreneurs. 
 

Consumer Loan	"Kafalat" Loan
Purpose	To finance a new project or increase your working capital need or finance the purchase of equipment, renovation of the working place.
Type of Facilities	Term loan repaid over 7 years maximum, through equally monthly installments, including a grace period varying between 6 to 12 month.
Applicant Profile	- Over 18 years of age, - Min. 2 years knowledge in your field of work / career. - Cash flow and feasibility study and a business plan.
Business Profile/Sectors	Small and medium sized industries, technology, tourist and agriculture enterprises, craftsmen, technicians. N.B.: max number of employees registered in the CNSS should not exceed 40.
Interest Rate (Interest is applied net of Subsidy)	On USD: Libor (1 year) + 5.5 - 7 = 3.81% (actually) On LBP: 40% TB year + 3 – Subsidy interest = 0% (actually) (Subsidy Interest actually is 7%)
Required Guarantees(for Kafalat Basic)*	- Clean Basis, OR - Mortgage agreement, OR - Commitment of non disposal (Negative Pledge), OR - Personal Guarantee, OR - Fire insurance policy against stock, machinery and building if judged necessary and life Insurance if continuity is not secured.
What Types of Guarantees does Kafalat Offer Currently?

	Kafalat Basic	Kafalat Plus	Kafalat Innovative
Loan Amount	LBP 300 Mios or equiv. in USD	LBP 600 Mios or equiv. in USD or in Euro	LBP 300 Mios
Eligibility Criteria	All Individuals – Companies existing or start ups	SAL or SARL or Cooperative – existing or start ups	SAL or SARL – Start ups
Interest Rate	LBP: 40% of TBills + 3% - subsidy**. US$: Libor 1y + 5.5% - subsidy	Same	Same
Kafalat Guarantee	75%	85%	90%
Purpose of the Loan	Fin. working capital needs &/or fixed assets	Same	Same
Kafalat Commission	2.5% of the value of the guarantee	Idem	Idem
Special conditions	No minimum contribution is requested from the borrower	- The borrower must commit himself to making a min. contribution of 20% in personal equity (kind or cash). - Final debt/equity ratio should be at most 70/30	- The borrower must commit himself to making a min. contribution of 10% in personal equity towards the cost of the project.
Collateral *	Any type of collateral can be requested	No securities are allowed including P/G	No securities are allowed including P/G
File Fees	$200/file paid once	Same	Same

Fees:
A one time file fee of USD 200 and a yearly commission of 2.5% over the guaranteed amount to be paid to Kafalat.