Use capital to expand your business
The loan account recommended for commercial clients looking for medium to long-term loans to finance capital expenditure or to alter, expand or acquire business premises.
What this is
Capital to grow + expand your business
With the Business Loan you can:
Match your financing requirements to the funding profile and keep your overdraft facility for your working capital requirements.
Structure your term loan so that the repayments align with your cash flow.
Know what you are going to be paying each month so that you can plan and budget accordingly
Getting it made easy
- Your business should have been operating for a minimum period of 2 years with an annual turnover of between M1 million and M40 million
- Your bank account must be in good standing
- If the primary bank account is not with FNB Lesotho Limited, the business owners must be willing to transfer their business account and provide copies of their bank statements for the past 6 months
- Satisfactory credit records
- Must be able to offer some form of tangible collateral e.g. a covering bond over their residential or business property
First National Bank of Lesotho Limited - A Subsidiary of FirstRand EMA Holdings Limited and a
member of the FirstRand group of Companies. An authorised Financial Services Provider. Reg No: 2008/729.