FINANCE: Nedbank Aims For Easier Business Banking
Recent Western Cape Business News
MANY potentially brilliant businesses fail because they did not have access to finance, and this is often because they were merely one of many faceless applicants. The situation would have been different had they been a client of Nedbank Business Banking.
“At Nedbank Business Banking we believe that businesses need a financial partner who not only understands their circumstances and aspirations, but can also provide them with relevant solutions and a banking experience that is hassle-free, allowing them to concentrate on what’s most important to them – the running of their business,” says Goolam Kader, Nedbank Business Banking divisional executive for the Western Cape.
At the core of the bank’s offering is a relationship-based model, with a business manager dedicated to each business as the key entry point into the bank.
Each business manager is supported by a team – comprising a credit manager, credit analyst and services manager – who has a thorough understanding of the regional economy and business market, and a genuine interest in the success of each individual business.
“We cater for all industries but in the Western Cape we focus specifically on franchising, global trade, agriculture, public sector and professional segments.”
“Our franchising offering makes us one of the most franchise friendly banks in SA. Other than providing finance to aspiring franchisees who meet the approval criteria of our franchising partners, our product range includes asset finance, medium term loans (granted for up to five years), the provision of working capital and the granting of bank guarantees. Transactional solutions including electronic banking, cash deposit and credit card processing facilities are also offered.”
“Best of all, these products are available to franchisees of approved franchisors at pre-approved pricing. This means that a new franchisee has access to the top rates the franchisor has negotiated with the bank from day one,” explains Kader.
Other products and services that have been tailored specifically for the bank’s franchisee clients include a two-day Business Financial Management course; access to personal financial products such as investments and estate planning; banking for the franchisee’s staff; and seamless integration with the franchise’s payroll, providing secure and convenient transfer of salaries and wages into employees’ bank accounts.
An additional benefit of banking with Nedbank Business Banking is that one’s business and personal financial needs can be managed in one place. “Because very often business owners and their businesses are financially dependent on each other, our client service teams now also offer individual banking solutions, better advice and a hassle-free service to you and your staff as we already know and understand your needs,” says Kader.
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