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FNB SME Business Unit offers both standardised financing packages and financing for more complex buy-in and buy-out transactions. Financing is usually provided in the form of term loans, asset based finance and or overdraft facilities.

Small and Medium sized Enterprises

FNB SME Business Unit offers both standardised financing packages and financing for more complex buy-in and buy-out transactions. Financing is usually provided in the form of term loans, asset based finance and or overdraft facilities.

Why FNB?

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More about: Small and Medium sized Enterprises

Why do I need this?

The benefits that the FNB FNB Business SME Division holds for its customers include the following:

  • Knowledge of the SME Market and the unique challenges faced by entrepreneurs in starting up a business and financing such venture.
  • Specialists focusing on catering for the needs of the SME market.
  • Partnerships with external partners that provide specialised training and mentorship for SME's, including services like bookkeeping, legal services, taxation services, business advice and marketing on a cost sharing basis.
  • Quality service, including shorter turnaround times for applications (based on the complexity of the business).

What types of businesses do you support?

FNB SME Business Unit provides financing to the following types of businesses:

  • 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 will it cost?

The rates that are being charged by the FNB SME Business Unit is market related and based on the risk attached to the transaction.

FNB SME monthly feedback

Applications for any of the products associated with the SME Business Unit can be made directly at the FNB Business SME Division or at any Branch of FNB in Namibia.

Does my business qualify?

The FNB FNB Business SME Division finances small and medium enterprises that:

  • Are owned and managed by individuals with relevant skills and experience and who are either Namibian citizens or permanent residents.
  • Are commercially viable and sustainable.
  • Adopt formal business practices, adhere to sound corporate governance and are registered with relevant statutory bodies.
  • Can demonstrate sound cash flows and can cover repayment of their debts.

What do I need to do?

To assist us in evaluating your financial and business needs, we require the following information.

  • A comprehensive business plan.
  • Signed and fully completed FNB FNB Business SME Division forms.
  • Detailed monthly financial projections for at least 3 years, supported particularly in the case of start- ups by a franchise feasibility study (if it's a franchise), orders, contracts and or verifiable letter of intent.
  • A personal balance sheet of every member or shareholder.
  • Curricula vitae of each member or shareholder detailing relevant qualifications, skills and experience.
  • Copies of relevant legal agreements (quotations, offer to purchase, franchise agreements, etc.)
  • Any other information that will assist us in understanding your business and reaching a decision in the shortest possible time.

For existing business we would also require the following in addition to the abovementioned information.

  • Annual financial statements for the past 2 to 3 years.
  • The latest management accounts-income statement, balance sheet, debtors and creditors age analysis.

Physical address

1st Floor, FNB Building, 130 Independence Avenue, Windhoek.

Tel: 061 299 2920