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Business Flexi Loan
If you are a Business Account holder looking foradditional capital to expand your business, where you would like the ability to draw up on capital already paid, an FNB Business Flexi Loan is suited to your needs
What do I need in order to apply?
If you have a Business Account with FNB
Should you require business finance for less than R300 000
- Complete and sign the Business Finance application form
Finance amount more than R300 000
- Complete and sign the Business Finance application form
- Provide signed financial information (annual financial statements and year-to-date management accounts)
- Projections (cash flow statements, income statements and balance sheets)
If you do not have a Business Account with FNB:
- Complete and sign the Business Finance application form
- Provide 6 months' bank statements
- Provide signed financial information (annual financial statements and year-to-date management accounts)
- Projections (cash flow statements, income statements and balance sheets)
- Provide a business plan to demonstrate the viability and sustainability of the business
Benefits
- You can set your monthly payments, so you are able to budget for the monthly repayment of capital and interest
- You have the option to pay down 25% of the capital, and re-draw it again (this is subject to credit approval)
- Your loan repayment amount does not change the term of the loan is extended to accommodate the increased loan balance
Business Loans
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