Lendtech

Lendtech

Funds Saudi technology companies with concessional loans via the Social Development Bank and flexible repayment terms.

Lendtech is a concessional financing program administered by Saudi Arabia's National Technology Development Program (NTDP) and delivered through the Social Development Bank (SDB). It provides loans to Saudi micro, small, and medium technology companies at competitive profit rates with flexible repayment structures designed to support technology sector growth in the Kingdom. The program is classified as locked — registration windows open periodically rather than on a continuous basis.

Maximum financing amounts are tiered by company size under Monsh'at's revenue classification system: SAR 2 million for micro technology companies, SAR 5 million for small technology companies, and SAR 8.5 million for medium technology companies. The financing period extends up to 5 years including a grace period of up to 6 months. Only for-profit entities incorporated and operating in Saudi Arabia are eligible; non-profits, universities, research organizations, and individuals are excluded. Sector focus is on technology companies broadly, consistent with NTDP's mandate to develop the Saudi technology sector.

The application process is two-stage: applicants first submit through NTDP's portal, then complete registration and credit evaluation through SDB, with final approval by a designated Approval Committee before disbursement. Because Lendtech is periodically locked rather than continuously open, applicants should monitor NTDP's official channels for registration window announcements. The program's tiered structure rewards company scale with proportionally larger financing limits, making it most attractive to established small or medium technology firms seeking working capital or capital expenditure financing without the terms of conventional Saudi commercial bank lending.