As part of its responsibility to improving the prospects of small and medium-sized enterprises sector (SMEs), the Housing Bank launched its financing service "Fast Track” that grants loans and financing solutions, within specific standards, to companies within the commercial, industrial, and service sectors. As it offers a comprehensive range of competitive financing options, with cap of up to JOD 200,000. Moreover, the whole process is done on easy terms and can be completed within two working days – setting a new standard as the shortest corporate finance timeline.
Through the Fast Track service, the Housing Bank aims to facilitate access to financing sources for SMEs, whose sales volume do not exceed JOD 5 million. Companies can benefit from this service for its purchases, as it allows a financing period of up to 24 months, including a grace period of up to three months. Additionally, companies will benefit from all the electronic transactions through the banking application Iskan Mobile, as well as the free Visa credit card offered in the first year.
The "Fast Track" service is one of the various services, products, and solutions that the bank offers to the SMEs sector in order to provide an empowering and stimulating environment. Due to the fact that it has developed into one of the main economic drives and components of the local production, it also now plays a crucial role in enhancing the economy and growth by increasing productivity, performance, and efficiency.
It is noteworthy that the Housing Bank aspires to continue providing responsible financing services to various groups and sectors. And it will actively participate in removing barriers to make these services accessible without risk, as well as utilize all of its capabilities and efforts towards an ambitious goal centered on promoting financial inclusion without compromising the integrity of the finance sector.