Business Expansion Financing is designed to enable existing businesses to scale their operations and unlock new growth opportunities.
BML
SME Digital has introduced a new Shariah-compliant financing solution aimed at supporting the growth and expansion of small and medium-sized enterprises.
The newly launched Business Expansion Financing facility is designed to help existing businesses scale operations, strengthen capacity, and explore new revenue opportunities. Business Expansion Financing is designed to enable existing businesses to scale their operations and unlock new growth opportunities.
The facility provides access to flexible financing for a wide range of expansion-related requirements, including:
• Capital investments
• Fixed asset acquisitions
• Pursuing expansion initiatives such as opening new outlets
• Increasing production capacity
• Entering new markets that generate incremental revenues
SME Digital’s Business Expansion Financing is a crucial initiative in enabling businesses across different sectors to unlock new growth opportunities and reach new heights. This facility will enable businesses to enhance productivity, expand their operations, and diversify their activities. Ultimately, this initiative will not only benefit individual businesses but will also contribute positively to the overall economy.
Under this facility, existing businesses can access collateral-free financing up to MVR 1,000, 000, with total financing available up to MVR 5,000,000. To support sustainable and scalable growth, the facility offers a flexible repayment structure with a tenure of up to 10 years, including a grace period of up to 12 months.
