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Financing your business > Lending guidelines > Overview
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Structuring your finances correctly is crucial to the success of your business. You need a bank that understands that cash flow is critical and gives you access to working capital. Whether your business needs to buy property, finance equipment or fund operating expenses, we offer a number of financial solutions. So whatever your business needs, we'll help you choose the most suitable finance.
This table provides guidelines for various finance options, however, before making your selection talk to our Business team at your local branch.
| Financing requirements |
Lending solutions |
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|
Overdraft |
Business revolving credit |
Medium-term loan |
Business mortgage |
Debtor finance |
Vehicle and asset finance |
| Working capital |
Cash |
Yes |
Option |
Option |
No |
No |
No |
| Stock finance |
Yes |
Yes |
Option |
No |
No |
No |
| Debtor finance |
Yes |
Yes |
Option |
No |
Yes |
No |
| Asset finance |
Passenger vehicles |
No |
No |
No |
No |
No |
Yes |
| Plant and capital equipment |
No |
Option |
Option |
No |
No |
Yes |
| Commercial vehicles |
No |
No |
No |
No |
No |
Yes |
| Property |
No |
Option |
Yes |
Yes |
No |
No |
| Fixtures and fittings |
No |
Option |
Option |
No |
No |
Yes |
| Office equipment |
No |
Yes |
Option |
No |
No |
Yes |
| Other used assets |
No |
Yes |
Option |
No |
No |
Yes |
If you would like to find out more about how we can help you to meet your lending requirements, contact your nearest branch and speak to one of our Business Bankers. However, here is additional information that will help you to speed up the process.
Require finance now
If you need finance now, you can apply by visiting your nearest branch and speaking to a Business Banker. The following information is required:
Information and documents
Business plan
- Details such as the nature of business, product offering, market environment and management skills
Financial information
- Personal statement of assets and liabilities for all partners, members and directors
- Cash flow forecast
- Projected income and expenditure
- Amount and source of the business owner's contribution or stake in the business
- How will the business use the finance? For example, capital expenditure or working capital
- Sales and purchases budgets
Documents required if buying an existing business
- Copy of deed of sale or draft deed
- Draft or signed lease agreement for premises
Collateral information
- Details of proposed or offered collateral
Other
- Credit bureau checks of business and partners
Additional requirements if you have an existing business that has been banking at another institution
- Financial statements of the business
- Three months' bank statements
- Facilities letter from existing bank
- Details of collateral held by existing bankers
Require finance in the future
If you have had your Standard Bank account for more than six months, you may not need to provide financial information when applying for an overdraft or loan. We will determine a facility for you by assessing, among other things, how you manage your account and your business' turnover.
- Sole proprietors with a Business AutoBank card can apply using one of our electronic banking channels, such as AutoPlus, Internet or telephone banking. You may also visit your branch
- Partnerships, close corporations and private companies will need to visit a branch and complete a suretyship form.
If the amount we agree to does not meet your requirements, our Business Bankers will gladly assist you to apply for a higher amount. Here is a list of the information that may be required:
Information and documents
Financial information
- Financial statements of the business
- Personal statement of assets and liabilities for all partners, members or directors
- Projected income and expenditure statement
- Cash flow forecast
- Amount and source of the owner's contribution or stake in the business
- How will you use the finance? For example, capital expenditure or working capital
- Sales and purchases budgets
Documents required if buying an existing business
- Copy of deed of sale or draft deed, only if buying an existing business
- Draft or signed lease agreement for premises, or proposed or draft agreement
Collateral information
- Details of proposed or offered collateral
Other
- Credit bureau checks of business and partners will be done. Your consent will be required
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