Small and medium-sized enterprises
Offering financing packages
FNB SME Business Unit offers both standardised financing packages and financing for more complex buy-in and buy-out transactions.
Why you need this
Benefits for businesses
The benefits that the FNB Business SME Division holds for its customers include the following:
Type of business supported
FNB SME Business Unit provides financing
Start-ups
New business that have practical and realistic business plans, have secured a Government or private sector contract, buying a franchise or have a viable customer base.
Expansions
Existing businesses requiring capital to fund growth, purchase equipment, purchase motor vehicles or business premises.
Management buy-outs
Businesses that the current management are buying from the current owners.
Management buy-ins
Businesses that are purchased by individuals or a management team to actively participate in the day-to-day running of the business.
What it costs
The rates that are being charged by the FNB SME Business Unit is market related and based on the risk attached to the transaction.