Funding Souq and Sharjah Media City (SHAMS) Join forces to support the Small and Medium sized enterprise!
Funding Souq is thrilled to partner up with SHAMS and contribute to the prosperity of SMEs in the UAE.
This partnership will allow Funding Souq to accelerate its support towards
media and tech companies by offering quick and reliable business loans.
Funding Souq would like to thank Dr. Khalid Al Midfa and his team for initiating this partnership and recognizing the need for better SME funding options.
Under the agreement, Shams will introduce businesses that are seeking business loans to Funding Souq, while the latter refers existing borrowers or potential ones to Shams, where the most promising ventures can be allowed to benefit from Shams’ various facilities.
The programme offers flexible financing schemes ranging from 3 to 24 months and has already registered its first beneficiary and success story with Pansoft – an IT solutions provider technology consulting firm catering to corporations and government clients alike.
Founded in 2020, Funding Souq operates a loan crowdfunding platform under authorization
from the Dubai Financial Services Authority (DFSA).
Funding Souq acts as an online marketplace that connects yield seeking investors with SMEs that are looking to borrow from $20,000 to $50,000
How does this partnership benefit investors?
Investors will have the opportunity to invest in business loans that are guaranteed by SHAMS which significantly reduces the risk of any loss. In simpler terms, if any business fails to pay back, SHAMS will step in and repay the investor their principal and profit!