Emirates NBD said UAE Nationals intending to start their own enterprise can avail up to Dhs2.5m via the Seed Capital Loan initiative to fund their initial capital requirement.
For a limited period of time, Emirates NBD will also offer special pricing and attractive repayment tenor of 12 years.
Emirates NBD’s enhanced offering on the Seed Capital Loan is expected to support the recent increase in new business activity in the UAE.
Emirates NBD deputy head group marketing and branding Saif Al Mansoori said surveys have shown that Emiratis have led the growth in business start up activity in the UAE in recent years, with much of the endeavor coming from young adults.
"Challenges of accessing finance however, have also compelled a relatively high number of start-up businesses to discontinue operations in the early stages," Al Mansoori said.
