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FNB Business ecoEnergy Loan
Invest in upgrading your business to becoming energy efficient, which helps you reduce your operating costs.
What should I have?
- An active Business Account in good standing, operating for 12 months or more, with an annual turnover of R300 000 or more.
What does it offer me?
- A minimum loan amount of R2 000, and a maximum amount of R1 000 000 (subject to affordability)
- Payment term of 1-5 years
- Easy repayments via debit order from your Business Cheque Account
- Amortising capital balance, so you pay less interest over the payment term
- Your interest rate is linked to the prime rate
What documents do I need?
FNB Customer
- For ecoEnergy Loans of less than R400 000, normally no supporting documentation or collateral are needed
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For ecoEnergy Loans of more than R400 000:
- An unbonded residential property to offer as collateral
- A Business Finance application form
- Signed financial information (annual financial statements and year-to-date management accounts)
- Projections (cash flow statements, income statements and balance sheets)
Non-FNB Customer
- Six months' bank statements
- An unbonded residential property to offer as collateral
- A Business Finance application form
- Signed financial information (annual financial statements and year-to-date management accounts)
- Projections (cash flow statements, income statements and balance sheets)
- A business plan to demonstrate the viability and sustainability of the business
- Should your application be successful, you are required to open an FNB Business Account
Legal
- A Loan Agreement will be generated on approval of your loan which includes the terms and conditions
- The loan facility will be available for use once the required documentation has been signed
Business Loans
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