With POS Financing, you won’t have fixed monthly payments. Instead, repayment is automatic and settled daily. Daily payments are based on a small fixed percentage (holdback rate) of your future debit and credit card sales and withheld to repay the facility. It’s simple, easy and affordable because repayment is a fixed percentage of your daily POS transactions, not a fixed Riyal amount.
Our financing is based on the monthly POS sales of your business. We will typically approve you for up to 20% of your annual POS sales. We do not look at your cash sales. For example, if you generate SR1M worth of annual POS sales, you can receive up to SR200,000 in financing.
No, unfortunately, we do not provide financing to start-up businesses or for new business activities. However, if you use one of our POS terminals, one of our relationship managers will be in contact with you once you generate sufficient daily POS transactions and walk you through the steps for funding your business.
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