FNB Business Loan

First National Bank (FNB) is one of South Africa’s big four banks. Established in 1838 and operating under the wings of First Rand Limited, this bank has established itself as a leader of the pack.The FNB business philosophy is based on a strong conviction and unwavering belief that potential can be unlocked through the provision of quality products and services. One of the best products to emerge out of FNB can be referred to as business loans.

FNB business loan has been designed for business account holders looking to raise capital which they would like to inject into a business for growth or expansion purposes, acquire assets, pursue business opportunities or finance other business related expenditure in the medium term.

FNB business loan offers repayment periods between 3 months and 5 years with a minimum loan amount of R2,000. Depending on how long you have had a business account, you may not be required to provide security for loans of up to R400,000. Repayments are conveniently done through debit order from the business account.There is a set interest rate for the term of the loan which allows you to plan and budget accordingly.

To apply for this loan especially for amounts less than R400,000, you may not be required to submit supporting documents or collateral. For business finance of more than R400,000, you will need to fill a business finance application form, signed financial information which can be annual financial statements and year to date management accounts as well as projections such as cash flow statements, income statements and balance sheets.

If you do not have a business account with FNB, you need to provide 6 months bank statements, signed financial information, projections, a business plan to demonstrate the viability and sustainability of the business, should your application be successful, you are required to open a business account.

FNB Business Loan can be contacted on 0875759479.