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Finance Your Business
Whether you need capital to finance a business venture, working capital to expand your business or finance to acquire vehicles, plants and machinery, we have the right solution to meet your specific business needs.
General Loan Requirements
- Business plan or profile for new business or project (describing business operations and including details on cash flows).
- Board resolution (for (Pty) Ltd or CC).
- Copies of company documents (company extracts and certificate of incorporation
- Financial statements (past two years).
- Latest management accounts.
- Cash flow projection to match proposed tenure of facility.
- Management experience (CV).
- Part of interview sheet and business plan or profile.
- Orders or contract letter including contract schedule (CS – Nedbank form).
- Vehicle and insurance quotations.
- Aged debtors and creditors.
- Details of facilities with other banks.
- Securities held or proposed (cessions, pledge of funds or investments, registration of bonds, etc).
- Six months’ bank statements (new clients).
WORKING CAPITAL AND SHORT-TERM FACILITIES
Overdraft
An overdraft is the simplest and most flexible way to access additional working capital over a maximum of 12 months should your business need it.
Order finance
This facility is a very short-term facility, targeted at SMEs with confirmed orders from reputable corporates and demonstrable capacity to pay. The facility tenure is determined by the agreed terms of the order.
Cash Solutions
Cash Solutions provides you with cash (once-off or ad hoc) based on the sale of selective invoices for goods supplied to blue-chip corporates when you need to improve your cash flow.
MEDIUM-TERM LOANS
Medium-term loan
This is a secured facility over a 36-month period that provides you with an option to purchase second vehicles or equipment and specialised equipment that ordinarily would not qualify under vehicle and asset-based finance.
Vehicle finance
A cost-effective way to finance brand-new and used vehicles and delivery vans to a fleet of vehicles, at competitive rates. The term is currently 36 months.
Asset-based finance
As your business needs grow and change, so do your financial needs. This is a flexible finance option, like vehicle finance, that suits your requirements when buying plant and equipment for your business. Terms are similar to those of vehicle finance