Currently the maximum loan amount for a Kafalat Plus guarantee is 600 million Lebanese Pounds or its equivalent in convertible foreign currencies. This is equivalent to approximately 400.000 US$. The minimum amount is 4 million Lebanese Pounds or its equivalent in convertible foreign currencies.
Cost of Kafalat Basic loan guarantee:
The loan has to be repaid within a maximum period of 7 years. New loan guarantees include a grace period of between 6 and 12 months depending on the expected business revenue. During the grace period, the borrower makes no repayment, neither principal nor interest.
The Kafalat Basic guaranteed loan could be used for all business related expenditures such as:
• Purchase of machinery and equipment. (These can be new or used)
• Purchase of raw materials and spare parts;
• Construction costs. (However, the loan should not be exclusively used to cover
construction costs.)
• Working capital
• Kafalat Basic loan guarantees are given to all types of legal entities.
The borrower can be an individual, a personal company, a simple partnership, a limited
liability companies, a joint stock company, or a cooperative.
• The business venture can be an existing one or a start-up.
• The borrower does not have to be Lebanese, but the business activity has to take
The applying SME must fulfill all the following conditions:
• The enterprise has 40 employees or less
• The guaranteed loan is used for business development: to establish a viable
new production capacity, or to sustain current production and employment
• The loan is used in one of the following economic sectors: Industry, Agriculture,
Tourism, Tradition Crafts, or High Technology
Kafalat Basic currently guarantees 75% of the value of the loan granted by the bank and 75% of the accrued interest during the grace period + 3 months. (Examples). The value of the guarantee diminishes proportionally to the value of the outstanding loan as calculated in the repayment schedule.
Currently the maximum loan amount for a Kafalat Basic guarantee is 300 million Lebanese Pounds or its equivalent in foreign currencies. This is approximately 200.000 US$.
The size of the loan requested has to reflect the needs of the project to be financed. The value of the Kafalat approved loan will depend on the financial requirements of the project as justified in the business plan / feasibility study.
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