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Small and Medium Enterprises

Customized Banking Solutions

Helping you grow your business

National Bank of Fujairah was one of the first banks to set up a dedicated team supporting small and medium-sized businesses in the UAE. We have now served SMEs for well over a decade, and over the years, our award-winning SME banking team has established a reputation for standing by our clients through thick and thin.

Whether you are nurturing a new company or are at the helm of an established corporation, our SME division can provide products and services that will help your business succeed in the UAE.

As an NBF SME client, your company will get access to a comprehensive portfolio that includes regular working capital facilities, collateral-free business term loans, long term loans for constructions of offices/warehouse, capex, project financing, parameterized lending and more.

Our experienced team of SME relationship managers are located across the UAE to be more accessible to customers. We also have dedicated experts in trade finance, cash management and treasury which continues to provide dedicated support, freeing you up to focus on how best to grow your business.

As we understand the importance of being aware of industry trends and the constantly changing market pattern, click here to read our SME In-depth industry report.

NBF Connect

Co-created with SMEs, NBF Connect is a unique digital platform and a community where SMEs can share their knowledge and expertise, connect, and engage in industry-related conversations. Members can also access the latest market insights and learn about e-commerce and marketplace management, among many other banking and business services that enable digital transformation.

Click here to learn more about NBF Connect or watch this video.

Partnership with Etihad Credit Insurance (ECI)

NBF has partnered with Etihad Credit Insurance (ECI), the UAE Federal export Credit Agency, to help small and medium-sized businesses, especially companies in high-risk industries, safeguard their business goals and growth. By offering risk mitigation tools as well as trade credit solutions to facilitate cash flow aid, companies will be able to navigate the current crisis better. 

This agreement will help corporates and SMEs in the following areas:

  • Trade Credit Insurance (Conventional and Murabaha)
  • Export & Project Financing
  • Factoring
  • SME’s Financing
  • LC Confirmation

Credit Guarantee Fund scheme

NBF has signed a cooperation agreement with the Emirates Development Bank (EDB) Credit Guarantee Fund Scheme designed to improve their access to financing.

The purpose is to:

  • Provide new and existing SMEs owned and managed by UAE Nationals easy access to finance on a risk-sharing basis with partner banks at affordable interest rates
  • Grow existing businesses into larger corporates by providing them with access to financing for business expansion, working capital and day-to-day operating costs
  • Help develop high-priority sectors to spur growth and boost the overall economy

As part of the guarantee fund scheme, SMEs will have access to financing of up to AED 3.5million for existing companies and AED 1.7million for start-up businesses with EDB providing credit guarantee to cover up to 70 per cent and 85 per cent to the partner bank respectively.

SME Business Account Packages

Our SME customers have access to a range of tailored account packages with solutions including; bank guarantees, export and import letter of credit, documents collections, trust receipts, project financing and receivable financing. Our Business Plus, Business Priority, Business Elite and Business Advantage packages have a minimum monthly average balance range between AED 25 K – AED 500 K.

The NBF Microenterprises Account has a minimum balance ranging from AED 10 K – AED 100K which offers free local and international payments, free cheque books and up to 15 free teller transactions each month. Click here to read more.

Grow your SME business and secure its’ future by signing up to NBF’s SME solutions. Contact us to discuss your requirements today.

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