Kafalat Innovative

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Am I eligible for the Kafalat Innovative Loan?
  • You must have an existing small or medium sized enterprise (SME) (i.e.: SAL, SARL, COOPERATIVE...) with an acceptable annual turnover or a start-up enterprise registered in Lebanon.
  • Your start-up enterprise must be demonstrating innovation in the development of a new product or service, a new production or business process, new uses for existing products and new types or modes of distribution or sales channels.
  • Your start-up enterprise must be engaged in one of the following economic sectors: Industry, Agriculture, Tourism, Tradition Crafts or High Technology.
  • You must use the loan for business development and business related expenditures such as the purchasing of new or old equipment and capital goods, plant renovation or expansion, marketing activities, research and development, and any other strategic objectives that serve the interest of the business.
What do I need to know about the Loan? 
  • Currency: Lebanese Pounds
  • Loan Amount: up to 300 million LBP
  • Repayment Period: up to 7 years including the grace period
  • Grace Period: varying between 6 to 12 months
  • Financing Amount: up to 90% of the cost of the project
  • Interest Rate: 40% of the return on 1 - year (LBP) Treasury Bills + 3%
  • Commissions and Fees: none
What are the guarantees and conditions required for the Loan?

A life insurance policy from an insurance company acceptable to BBAC.

What is the next step?
You can apply for the Kafalat Innovative Loan by visiting any of the BBAC branches, where the customer service representatives are ready to provide assistance, or request a meeting online. 

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