Absa SMME Fund provides R3 million with a maximum loan term of five years credit to business start ups and existing businesses! Apply Now! Are you an SMME that’s been awarded a government contract or tender? You could be eligible for Absa’s SMME Fund if you have the needed entrepreneurial skills and can repay the…
ABSA Business Revolving Loan of more than R20,000
ABSA Business Revolving Loan provides a quick CASH Injection of more than R20,000 into your business. Quick Application Cash Available. Apply NOW!
ABSA Business Revolving Loan
Have you had to urgently purchase stock to meet an unexpected surge in sales? Perhaps you need to buy an expensive piece of equipment to meet a crucial order? There are regularly occasions when you need to access additional funds and an ABSA Business Revolving Loan from ABSA will allow you to do so without the hassle of having to reapply each time.
An ABSA Business Revolving Loan is an ongoing or ‘open’ loan facility for an agreed amount. Provided a minimum of 25% of the approved loan has been repaid, you can re-borrow back to the approved limit without affecting your repayments. This means you can access the available funds whenever you need them, without having to re-apply.
A short to medium-term financing option, an ABSA Business Revolving Loan is the ideal way of obtaining working capital and bridging finance items such as stock-in-trade and incidental equipment.
An ABSA Business Revolving Loan could be the right choice if you:
- Would like ongoing access to a loan of between R25 000 or more
- Do not want to have to reapply each time you withdraw funds
- Would like the certainty of fixed monthly repayments
- Are between long-term loans or purchasing property and need money to ‘bridge’ the gap
- Would like a guaranteed amount on hand for use as long as the loan term lasts.
- Would like to be able to make lump-sum deposits and withdrawals
What you Get!
- Ongoing access to a minimum loan of R25 000 with no upper limit
- Interest calculated on the prime interest rate
- Fixed monthly instalments calculated as 1/40th of the approved loan amount (please note that this does not translate into 40 equal payments)
- Competitive interest rates based on the risk profile of your business
- The ability to draw up to the amount of the loan at any time, provided a minimum of 25% of the approved loan has been repaid
Call us on 0860 040 302
ABSA Business Revolving Loan – Available for your business in times of serious need!