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Franchising

Franchising

We take pride in understanding customer's needs. Whether buying your first franchise remodelling your existing franchise or growing your franchise business to become a multi-store owner. We match your needs by assisting you with a holistic bank offering which range from funding custom made pricing packages to customised payments and collection solutions.

What is it?

  • A franchise is an agreement or license entered into by two parties, the franchisor and the franchisee. It gives a person or group of people - the franchisee - the rights to market a product or service using the trademark of another business (the franchisor)
  • The franchisor has the obligation to provide these rights and generally support the franchisee, both initially and on an ongoing basis
  • The franchisee has the right to market the product or service using the operating methods of the franchisor
  • The franchisee has the obligation to pay the franchisor certain fees as agreed to in the franchise agreement

Franchising principles

Our franchising solutions are based on three fundamental principles:

  • Exceptional service and support - our relationship managers in Namibia manage the franchise relationships, and are supported by product specialists and experienced support staff in the franchise sector
  • Sector understanding - our franchising desk is staffed by a team with specialist knowledge and understanding of the various industry sectors in the Franchising market
  • Transactional products - we offer a wide range of payment and collection services which include from business current accounts to vehicle and asset finance, we’ll customise a solution to meet your franchising needs perfectly

 

What we offer

Transactional products:

  • Business Current Account - our business account allows you to transact in the way that is most convenient for you, from traditional branch banking to using our advanced electronic services
  • Electronic banking services - we offer a wide range of specially designed electronic banking products to meet your business requirements. From payments to collections, electronic banking is a cost-effective alternative to traditional branch banking
  • Credit card merchant services - Standard Bank Card Division will meet all your needs in respect of electronic credit card terminals, and will provide technical backup and on-going support

Lending

  • Business revolving credit plan - provides a line of credit that can be used when required. The credit limit is restored automatically after 25% of loan amount is repaid. You only repay the monthly minimum payment
  • Medium term loans - a flexible term-finance structure for the financing of both capital assets and initial working capital requirements. The repayment term is negotiable and may range from 24 to 60 months
  • Vehicle and Asset Finance - whether you need to buy property, finance equipment or fund operating expenses, we offer a number of financial solutions

 

Value added

  • Financial planning - Standard Bank Financial Consultants (SBFC) are based at all our branches and are available to assist you with your personal financial planning as well as your business planning.
  • Insurance - Standard Bank Insurance Brokers (SBIB) will assist you with insurance to cover your business assets at competitive rates.
  • Credit Card insurance benefits

Cash solutions:

These are just a few of the financial products and services we offer to franchisees and franchisors. For more information, refer to your Business Banking relationship manager or contact our Franchise Desk.

Contact us

Manager Franchise - Anthea Witbooi
[email protected]

Merchant services
[email protected]

Credit card client queries
[email protected]

Customer care retail - Business online queries
[email protected]