United Arab Bank (UAB) Business Financing

Minimum Salary
0,00 د.إ

Description

For SMEs requiring short-term working capital, the Business Overdraft is optimal. For fixed-term financing—CAPEX or expansion—the Business Term Loan delivers predictable instalments. Equipment Finance supports asset acquisition, while Trade Finance and Receivables Financing underpin import/export cycles and invoice liquidity.

Features

  1. Product Suite Overview
Facility Name Purpose Maximum Facility Tenor Collateral / Security
Business Overdraft Day-to-day liquidity, payroll, inventory AED 2 million¹ Revolving (annual review) Unsecured up to limit; lien on current account
Business Term Loan CAPEX, expansion, debt consolidation AED 5 million² 12–60 months Unsecured up to AED 500K; asset pledge above
Equipment Finance Purchase of machinery, vehicles, ICT AED 5 million³ 12–60 months Asset pledge
Receivables Financing Immediate liquidity against invoices 90% of invoice value Invoice term (up to 180 days) Assignment of receivables
Trade Finance Letters of Credit, Guarantees, Documentary Collections As required Per trade cycle Cash margin or receivables charge

 

¹ Subject to credit assessment.
² Up to AED 500K unsecured; above secured by assets or guarantees.
³ Based on asset value; includes equipment insurance.

  1. Interest Rates & Charges

All rates and fees exclude 5% VAT.

Facility Rate Structure Interest / Profit Rate Key Fees
Business Overdraft Floating; EIBOR + margin EIBOR + 2.5%–3.5% Arrangement: 0.5% of limit (min AED 500)

Late payment: 2% p.a. on overdue

Business Term Loan Fixed-rate or EIBOR + margin 7.0%–12.0% p.a. Processing: 1.0% of amount (min AED 500)

Early settlement: 1.0% of outstanding

Equipment Finance Fixed-rate or lease rental 6.5%–10.0% p.a. Processing: 1.0% of financed amount

End-of-lease: 1% of residual

Receivables Financing Discount yield 1.5%–3.0% of invoice value Discount fee: variable

Service: AED 100 per invoice

Trade Finance Documentary fees 0.125%–0.30% pm of LC value Issuance: 0.25% of amount (min AED 500)

Amendment: AED 200

 

  1. Eligibility Criteria
  • Business Tenure: ≥ 1 year for Overdraft & Receivables; ≥ 2 years for Term Loan & Equipment Finance
  • Annual Turnover: ≥ AED 1 million for SME facilities; ≥ AED 3 million for larger term loans
  • Credit Record: Clean corporate and principal credit history
  • Sector: Trading, manufacturing, contracting, logistics, services, ICT

Documents Required

  1. Completed UAB Business Finance application form
  2. Trade License and Commercial Registration certificate
  3. Memorandum & Articles of Association; board resolution authorizing finance
  4. Audited financial statements (last 2 years) for facilities > AED 500K
  5. Six months’ business bank statements
  6. Emirates ID, passport, and UAE visa copies of signatories
  7. Asset documentation: invoices, valuations, or fixed deposit certificates
  8. Trade documents: shipping invoices, receivables aging schedules for Receivables Financing

Additional Info

  • Unsecured Access: Overdraft and Term Loans unsecured up to AED 500K for SMEs
  • Flexible Repayment: Fixed instalments or lease rentals aligned to cash flows
  • Rapid Approval: Credit decisions within 48–72 hours for SME facilities
  • Integrated Trade Support: End-to-end trade-finance via UAB Online platform
  • Dedicated Relationship Management: Sector-specialist RMs for structured advisory
  • Digital Servicing: Online drawdowns, repayments, and account monitoring

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