As a small business owner you may be facing a range of opportunities and challenges. One of the biggest challenges you may be facing may be that of finance. Fortunately the South African financial industry is vast and growing- allowing small business owners to get access to a range of financial solutions to help them meet their various needs.
Nedbank Small Business Loans offer South African business owners flexible financial solutions.
The loans provide capital to finance:
- A business venture
- An expansion of an existing business
- Vehicle, plant and machinery or property
By choosing this solution, it will help you find an innovative way of meeting your needs.
What are the qualifying criteria?
The Nedbank Small Business Loans are available to all businesses and franchises with a projected turnover of up to R15 million per annum.
Small businesses trading for less than two years can use the start-up loan of R100 000.
The package also includes free cheques, free cash deposits, free debit orders and free internet banking for the first two years.
Tips for applying for Nedbank Small Business Loans:
If you want a small business loan, it’s important to keep in mind that banks are going to want to know as much about your business as possible.
The application must include a detailed business plan with capital expenditure requirements as well as cash flow projections.
Make sure that you have all the proper documentation and have clearly outlined your vision for the business.
Be clear about how much money you need. You need to think about what you need and what you will be able to pay back.
Nedbank is a commercial South African banking institution that has developed a reputation as a reliable banking partner.
To contact Nedbank, call: 0860 555 333 or 0860 116 400 for Nedbank Small Business Loans.