As this loan repayment term is fixed, you will be able of managing your expenses better because you will be aware of how much money you need to spare for your monthly installments. Another advantage is that you will have more funds once you pay a previously established portion of the loan. This is the perfect opportunity to get your business up and improve your ratings with Standard Bank. If you do, you should expect regular improvement in your business. This short term loan is limited to two and a half months of your business’s turnover, and can be paid back in instalments lasting from six to twenty four months.

STANDART BANK BUSINESS FINANCE

International ATMs at the Royal Swazi Sun hotel and the Swazi Plaza enable holders of international cards to draw cash from their home-based accounts. Standard Bank is a pan-African brand, which was founded in South Africa. In fact, our brand is also present in key financial centres outside of Africa, thereby connecting African clients to global opportunities. It’s a real-world challenge for any global brand to balance consistency of universal positioning with local culture, customs, languages, nuances and even economies that, when properly considered, ultimately culminate in resonance and appeal. When we defined our new brand positioning, we were sure to conduct research – both externally and with employees – across multiple countries and segments so that the outcome was not skewed to a South African mindset.

What our business loans give you

“Standard Bank has made a strategic decision to advance SME Quick Loans to bankable and underserved wholesalers and retailers, especially female entrepreneurs. Trader markets provide unprecedented access to SMEs with thousands of consumers trading in a concentrated geographical area,” said Amrei Botha, Head of SME Banking Africa at Standard Bank in an earlier statement. Standard Bank, which has a presence in 17 African countries, however, introduced an innovative risk assessment solution that allows it to lend to Africa’s small and informal businesses.

  • By 2010 that had changed, to the extent that Standard Bank was rated by Finweek’s review of SA bank charges as having amongst the highest bank charges in the country.
  • Although BizFlex is currently only available to qualifying Standard Bank business clients in South Africa, “we are considering rolling BizFlex out to other African markets,” says Segal.
  • Keep abreast of significant corporate, financial and political developments around the world.
  • For example, you can look at Absa Business loans to find out if you are making the right decision.
  • Ideal as a short-term credit facility, you can access funds whenever you need it and only pay interest on the outstanding balance.
  • Understanding this, Standard Bank supports the AWIF Initiative to raise the profile of established women-owned and women-managed funds that participate in listed and private markets, and short-term private debt.”

If you take out this loan for your business, you will have to repay the loan in full before getting a new loan. Standard Bank is also looking at opportunities to partner with other non-competing financial services organisations globally to help them launch BizFlex to their clients. Invoice discounting is a form of short-term borrowing used to improve your company’s working capital and cash flow position. Invoice discounting allows a business to draw money against its sales invoices before the customer has actually paid and use the invoice as collateral.

Heavy Industry & Manufacturing

Our international banking and wealth management services help us serve Africa’s rapidly growing upwardly mobile and affluent population. First, we will continue to bring the voice of the client into the organisation, championing products and services that respond to changing client needs. Second, in the context of a platform business, the brand and related initiatives will assist in attracting producers and consumers, and then drive the usage of the different platform offerings. Lastly, we will continue to strengthen our brand equity in financial services while at the same time, build new equity and reputation in the new ecosystems we are entering. If you bank with Standard Bank things will move smoothly when you apply for a business loan, but if you bank with another entity, it doesn’t mean you can’t take advantage of these loans.