The Small and Medium Enterprises General Authority, "Monsha’at," has signed several agreements and memoranda of understanding with six financing entities. These include the Small and Medium Enterprises Bank, the Social Economy Association, and notable companies such as
Wataniya Financing, Tas-heelat, Mudaraba, and Amlak International for Financing. The objective of these agreements is to offer tailored financing solutions for entrepreneurs and SMEs while enhancing their financial awareness.
In today's agreement with the Small and Medium Enterprises Bank, part of the Funding Week organized in collaboration with Saudi banks, Monsha’at aims to delve into financing solutions, options, and initiatives that support entrepreneurs and SMEs. This includes developing financing products in the field of commercial franchising, as well as contributing to the establishment of specialized business accelerators in the finance sector to aid entrepreneurs.
As stated in the memorandum of understanding signed between Monsha’at and the Social Economy Association, the goal is to develop and support the entrepreneurship ecosystem to contribute to the growth and diversification of the economy. This will be achieved through cooperation in establishing projects aimed at identifying the challenges faced by SMEs and working to solve them through various joint programs and specialized initiatives. Additionally, through the agreements signed with a group of financing companies, Monsha’at seeks to understand entrepreneurs' needs and challenges, aiming to create informative financing programs. These programs are designed to increase the participation of SMEs and remove obstacles hindering their expansion across all sectors.
Monsha’at, in its ongoing role of opening doors for SMEs, collaborates with financing partners to provide financing opportunities that contribute to achieving growth objectives for these enterprises. Furthermore, Monsha’at is committed to ensuring that all these enterprises have access to suitable financing opportunities for growth and sustainability.
Abdulrahman bin Mansour, Acting CEO of the Small and Medium Enterprises Bank, stated that the bank has provided over 2.5 billion Saudi riyals in financing through its financing portal, benefiting more than 400 enterprises through 48 financing entities and commercial banks. 
During his speech at the SMEs Support Center as part of the Funding Week events, he highlighted the bank's digital strategy to facilitate the loan process from application submission to completion and disbursement to beneficiaries in all regions of the Kingdom. He confirmed that the current interest rate does not exceed 9.9% on a decreasing basis, with the bank sharing a significant portion of the risks. Additionally, financial funding can reach up to 15 million Saudi riyals.
The Funding Week events continue with the organization of numerous awareness and development programs to support entrepreneurs in enhancing the sustainability of their projects and obtaining appropriate support and financing. Monsha’at invites those interested in benefiting from the Funding Week events to register through the provided link: 
https://www.monshaat.gov.sa/forms/Fw 
to access information about dialogue sessions, session schedules, and other programs scheduled for the week.