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The Mohammed bin Rashid Fund for Enterprise Support, the financing arm of the Mohammed Bin Rashid Foundation for the Development of Small and Medium Enterprises , a Dubai economic institution, has launched 3 financing packages for existing project owners who wish to sustain their current projects and expand growth to achieve their professional aspirations. These packages are added to the funds financing services package for new and existing entrepreneurs in Dubai. The Foundation affirms from this step its responsibility towards stimulating talents and creative ideas, and supporting the development of new and existing projects to constitute a competitor in the local market and a key driver in driving the economic movement and the local output of the Emirate of Dubai and the UAE in general.
Funding packages are available to cover the diversity of financial needs, among the most prominent of these new services: an expansion loan, to support project owners in the catering sector who have been in the market from 2 to 5 years and the amount of financing amount to one million dirhams, and an asset financing loan designed to reduce the burden of equipment and assets costs for entrepreneurs Entrepreneurial, who have completed 1 to 3 years in the market, this financing aims to expand the capabilities of entrepreneurs and enable them to achieve ambitions. A short-term loan loan to support existing projects from 2 to 5 years, by providing liquidity up to 500,000 dirhams, to continue their career path without obstacles. |
