We offer customised overdraft facilities to meet your working capital and short term funding needs. Year Event Description 2022 New Products/Services In September, the company announced to launching an easy-to-use mobile app. 2022 New Products/Services In May, the company announced the opening of access to a comprehensive and sustainable supply of renewable energy solutions and components to homeowners and enterprises throughout Africa. 2022 Contracts/Agreements In January, the company, Nomanini and Nestle partnered to solve the stock needs of Africa’s underbanked informal retail traders. Any Small and Medium sector enterprise (Proprietorship/ Partnership/ Private Limited company) having the experience of successfully managing the business for at least 2 years may apply for the loan. If you are thinking about Standard Bank’s Business Revolving Loans to make your business grow, you will need to have a Business Current Bank Account from Standard Bank.
- As you expand your horizons, you need solutions that keep pace with your growth.
- Copy of deed of sale and lease agreement for the business’s premises if the loan applied for is meant to buy a business.
- In March 2011, Sberbank, number one bank in Russia by the size of capital and assets, bought Troika Dialog and paid Standard Bank $372 million for its 36.4% stake in Troika.
- The AWIF Initiative’s primary purpose is to overcome the systemic barriers and investor biases in the asset management industry, by enabling and promoting women-owned and women-led funds on the African continent.
Our clients think of us as a ‘safe’ bank, and we take the role of custodianship extremely seriously, including the systems and processes we implement to safeguard our clients from increasingly sophisticated fraudulent threats. EP III is already in force and became mandatory for all new transactions from 1 January 2014. Mr Beck says Standard Bank will continue to focus on EP III implementation in conjunction with our clients across the continent. EP III extends the scope of the Principles beyond pure project finance and advisory, to project related corporate loans and bridge loans with the inclusion of additional focus on aspects such as greenhouse gas emissions at a project level. Standard Bank said on Wednesday that about 10,000 small and medium enterprises across SA have benefited from its digital pay-as-you earn loan facility since its launch in July 2019. O The loan can be used to purchase intermediate assets that do not fall within normal asset finance, for example, small equipment etc.
We make banking easy, so you can focus on what matters most to you and grow your business.
We have offices in Jersey, London, Isle of Man and Mauritius dedicated to serving private and corporate clients directly, and through an active intermediary network. We offer banking, wealth management, trust and company administration, asset management and investment services. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.
Using airtime sales data or GPS location, for example, Standard Bank can see and track smaller businesses’ activities, transactions growth or stock movements. This digital intelligence provides a sufficiently reliable view on which to advance growth finance on terms that support differential re-payment structures aligned to individual businesses’ varying cash, stock, or sales positions. There are plenty of little details to take care of at the same time. If you need funds to make your business better, Standard Bank can clearly give you a hand. So, before I end up these lines, I want to recommend you compare other bank’s business loans before deciding. For example, you can look at Absa Business loans to find out if you are making the right decision.