We Make Quick Finance for Young Companies or Start-up
Are you looking to set up a company but are concerned about the necessary financing? Do you have a young company and good ideas, but you lack the necessary financing? With ‘Mashalat Capital Finance’, MCF can offer you a low-interest loan even if you have hardly any collateral to offer. The start-up loan is granted in conjunction with a guarantee by C-I-M-B Bank.
‘Start-up Loan’ at a glance
- Loans to finance start-ups and expansion for companies that are no more than 5 years old
- Up to USD 50 million with a fixed interest rate
- With an 80% guarantee by the guarantee bank
- Term of between six to ten years with up to two years at the beginning redemption- free years
Start or grow your own business
Fixed interest rate of 3% per annum (per year)
Repay over a term of 1–7 years
12 months of free mentoring
Financial institution-backed
Over 90,000 business ideas supported with more than USD694 million worth of loans
Your type of business and reason for wanting the loan is eligible under the terms of the scheme
Most business types are eligible to be funded with a Start Up Loan, however we are not able to support the following business types*:
- Weapons
- Chemical manufacture
- Pornography
- Drugs
- Illegal activities
- Banking & money transfer service, and other FCA regulated activities
- Private investigators that do not hold the appropriate licence
- Gambling and betting activities
- Property investment
- Agents for third parties, where a third party earns the majority of the revenue or you would only be earning a commission (not to be confused with franchise businesses which are eligible to apply)
- Charities
Start Up Loans are designed to finance the initial costs of starting and developing a business, and therefore cannot be used to fund the following activities*:
- Debt repayment
- Training, qualifications or education programmes
- Investment opportunities that do not form part of an on-going sustainable business