Emirates Development Bank (EDB) has signed an agreement with Mashreq Bank to offer Credit Guarantee programs to small and medium enterprises (SMEs) and start-ups across the United Arab Emirates. The MoU signed by the two organizations will facilitate financing through credit guarantee and co-lending options to Mashreq Bank’s SME and start-up customers so as to allow them greater operational flexibility. This initiative will ensure that SMEs and start-ups have better access to strategic financing solutions for purchase of equipment, inventory, raw materials and for payment of rent and salaries as well as for business expansion.
