First: Pre qualifications

• Age of the applicant should be between 21-55 years old. If the applicant is over 55 then the bank may request an insurance policy.

• The applicants permanent residence should be in the Governorate where the project will be implemented for loans under LE 50000
• Performance of military service or at least 5 years exemption.
• Literacy certificate for those who do not hold formal qualifications.
• The applicant should not be a student in one of the institutes, university, faculties or schools.
• He / she should not be an employee in the government , the public or the private sector ,otherwise he/she should sign a pledge to resign in case he gets the loan and transfer his social insurance policy to that of an employer.
• He/she or one of the partners should have adequate experience in the field of the enterprise . An experience certificate issued by the Directorate of Employment and Training that measures skill level, if the applicant has no formal qualification.

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Second: The Banks Granting Loans

• National Bank of Egypt
• Misr Bank
• Bank of Alexandria
• Bank of Cairo
• Bank for Development & Agriculture Credit
• Arab Investment Bank
• Misr International Bank
• Commercial and Maritime Bank of Alexandria
• Industrial Development Bank
• Nasser Social Bank
• Egyptian American International Bank
• Credit Guarantee Company
• Al Mohandess Bank

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Third: Required Documents (Original and Photocopy)

• Rent contract or ownership deed, legalized and with a fixed date.
• Electricity bill for the enterprise location.
• A photo copy of the identity card of the applicant and partners.

• At least three prices quotations from an accredited for the required equipment, with data on its electric power usage.

• At least three prices quotations from an accredited for the required equipment, with data on its electric power usage.
• Social insurance certificates that prove that the applicant and partners do not work in the government, the public sector or the private sector.
• In case the applicant or any of the partners work, he/she has to pledge in writing that he/she will resign, if he/she manages to get the loan.
• Proof that military service has been completed or the applicant is exempt for a period of 5 years.
• Legalized partnership contract ( if there are any partners)
• Certificates of educational qualifications of the applicant and partners.
• A letter from the Local Authority of the project approving, in principle, the issuing of the enterprise license and mentioning the nature of its activity.
• Experience certificate if there is no educational qualifications that are compatible with the nature of the enterprise. That certificate can be obtained from the Labor Force and Training Directorate (a certificate of skill level). 

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Fourth: Documents Required for Existing Enterprises

• Enterprise License
• Commercial registration
• Tax card
• Tax Status
• Last general budget, the financial position, final accounts (expenses, revenues and losses for existing enterprises)
• A list of the names of workers in the establishment, from Social Insurance Department, and their number of insurance 

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Fifth: Facilities

• Equipment for the enterprise will be financed.

• Production process will be financed, (raw material, labor wages, electricity, water, rent of the place).
• Maximum of the loan per enterprise is LE 500,000
• Applicants should prove that they contribute in the total investment cost , either in cash or in kind , by 20- 25% for loans exceeding LE 50,000
• Applicants should prove that they contribute in the total investment cost , either in cash or in kind , by 20- 25% for loans exceeding LE 50,000

• Differential interest rates

  Amount of Loans	New Enterprise	Existing Enterprise
  less than 50,000	7%	9%
  50,000-200,000	9%	11%
  200,000-500,000	11%	13%

• Industrial projects are exempt of taxes for 10 years in addition to a grace period for the repayment of the loan according to the cash flow of the project.

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