EDB to Enable Businesses in Key Sectors to Access up to Dh5 Million in Loans Within Few Days

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According to the Emirates Development Bank, a development bank fully owned by the UAE government, business owners and startup founders are now able to access up to Dh5 million in loans within 5 days.

Eligible businesses are those that contribute to the development of one of the five vital sectors of the UAE economy; namely, manufacturing, advanced technology, infrastructure, healthcare, as well as agritech and food security.

EDB also makes it easy for UAE startups to open business accounts, as they are now able to open an account for their companies within 48 hours.