In order to help Lebanese investors in different Sectors, IFS participates with the Central Bank in its efforts to activate the economic cycle by benefiting from discount granted by BDL on the debit interests of the medium term loans.

ELIGIBILITY:
These loans are targeted for companies that are involved in the industrial, agricultural, tourism, the handicrafts sectors as well as high technology and programming sectors in Lebanon.

FEATURES:
Amount: The loan finances an investment that varies between 50 million to 15 Billion LBP or between 35.000 to 10 million USD.

Delay: The loan have a maximum duration of 7 years with a grace period of maximum 2 years during which the reimbursements do not exceed 15% of the loan.

Interest Rate: The interest is calculated and revised on a quality basis according to the loan amount:

Less or equal to 5 Billion or c/v in USD:

LBP : Treasury Bills (2 years) – 6%
USD: Libor (3 months)

7% of the interest is subsidized by the Central Bank of Lebanon.

Greater than 5 Billion or c/v in USD:
LBP : Treasury Bills (2years) – 4%
USD: Libor (3 months) +2%

5% of the interest is subsidized by the Central Bank of Lebanon.

Required Documents:

• Feasibility Study

• Legal Documents

• Financial Statements for the last 3 years

• List of fixed assets owned by the debtor

• A real estate collateral on the condition that its value is not less than 165% of the loan amount

• Insurance policy that covers all risks that may be encountered during the project

• Proforma invoices for equipments & construction to be executed with the fund borrowed