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SPC Free Zone and Beehive Partner to Expand SME Financing Access

Sharjah Publishing City Free Zone has signed an MoU with digital SME lending platform Beehive to facilitate direct investor funding for free zone businesses. Referred companies will receive an exclusive 15 percent discount on transaction fees alongside administrative support. The financing options include short-term invoice financing and long-term expansion capital.

Published Source: Emirates News Agency (WAM)
Issuing authority
Sharjah Publishing City Free Zone
Jurisdiction
United Arab Emirates
Stage
Final rule
Official document
Memorandum of Understanding
Official source
wam.ae
Illustration: A modern commercial office setting in the UAE with entrepreneurs reviewing digital financial reports on a tablet screen, bright natural
Illustration

Sharjah Publishing City Free Zone (SPC Free Zone) has entered into a Memorandum of Understanding with digital SME lending platform Beehive to broaden financing options for free zone-licensed enterprises, according to Emirates News Agency (WAM).

Under the partnership, Beehive will grant businesses licensed in the free zone direct access to investor funding through its digital platform. Enterprises referred by SPC Free Zone are eligible for an exclusive 15 percent discount on transaction fees, in addition to dedicated administrative follow-up.

The agreement was signed by Saif Al Suwaidi, Director of SPC Free Zone, and Peter Tavener, Co-Founder and Chief Executive Officer of Beehive.

The financing facilities provided under the arrangement encompass both short-term funding against unpaid invoices and long-term capital designed to support business operational growth.

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