Kafalat Start-Ups and Innovative

Launch, create and revolutionize.

Kafalat Start-Ups and Innovative is a great fit for companies in Lebanon that need up to USD433,000 (or its equivalent in foreign currency) to kick start or transform their work in industry, agriculture, tourism, crafts and technology. The IBL Bank Kafalat Start-Ups and Innovation loan can be used to purchase equipment, capital goods, raw materials and spare parts; renovate or expand your plant; secure working capital; and cover consulting fees, construction costs, research and development, and even marketing promotion activities (such as participation in professional showrooms or foreign exhibitions).

  • Maximum Amount: LBP650,000,000 (or its equivalent in USD)
  • Eligible Applicants: Joint Stock Company (SAL)
  • Sectors Covered:
    • Industry
    • Agriculture
    • Tourism
    • Crafts
    • High technologies
  • Tenor: Up to 7 years
  • Grace Period: Between 6 months and 1 year
  • Kafalat Guarantee:
    • 90% for Innovation
    • 85% for Start-Ups
  • Collateral: No Collateral
  • Interest Rate:
    • LBP: 1 Year TB + 3% - subsidy rate 4.5% => Actual Effective Rate = 3.85%p.a. (May 2018)
    • Libor 1Y + 5.5% - subsidy rate 4.5% => Actual Effective Rate = 3.77%p.a. (May 2018)
  • Commission: 2.5% Kafalat Commission on the outstanding guaranteed amount to be collected on an annual basis
  • Condition:
    • Minimum 50% contribution of the borrower in the project

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