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Nedbank committed to supporting SMEs and their owners

Article provided by Nedbank

As a small-business owner, you know that it isn’t always smooth sailing, and finding the time to manage your banking and financial needs often adds to the pressure. Because your business and personal finances are so interdependent, Nedbank has designed a banking solution that enables you to manage both through a single point of contact: your dedicated relationship banker.

Small Business Services Business Manager Ivan Love says that the bank provides round-the-clock support to its clients through various channels. ‘Our relationship bankers are supported by a dedicated contact centre team that is on call 24 hours a day, seven days a week, and our Online Banking and award-winning Money app make it simple and easy to manage all your banking needs side by side. Our newly launched MoneyTracker now enables you to track your finances, create budgets and more on the Nedbank Money app and Online Banking. This free money management tool enables you to create dashboards to separate and track your household, business and even side-hustle finances; generate and manage invoices; and monitor in- and outflows of money to help you reach your saving and investment goals faster.’

He says that Nedbank offers different small-business banking accounts for each business owner’s unique needs. ‘For example, our Startup Bundle is tailored for sole business owners with a turnover of less than R3 million per year. A huge benefit of this account is that there are zero monthly service fees for the first six months, as well as up to 20 free transactions, eNotes and more.’ He says, ‘our GAP Access finance is particularly popular in the current economic climate. This is a finance option that is an advance, not a loan, with flexible repayment terms, available to clients who use our merchant devices, and we do not require financial statements to provide the finance.’

Love adds that Nedbank’s support of small businesses goes beyond affordable banking solutions. ‘We also provide value-added services to get and keep your business going, like our free-to-join networking portal, SimplyBiz.co.za, The Essential Guide for Small-business Owners, business registration services and free small business seminars.’

Relationship Manager Michelle Aucamp says that small-business owners also qualify for Nedbank’s Professional Banking solution, which offers the best value for money in the market. ‘Our private-banking solution dovetails beautifully with our small-business offering, and is built on five pillars: providing clients with banking at their fingertips, benefits that matter, expert savings and investment advice, and a unique household banking approach, which enables clients and their families to finance their dreams and growth.’

Aucamp adds that all Professional Banking clients enjoy private-banking travel, rewards and lifestyle perks for the entire family, and up to 55 days of interest-free credit at personalised interest rates. ‘Finance is in high demand currently. One of the benefits of our Professional Banking solution is that, together with your relationship banker, credit decisions are personalised to your specific circumstances. We offer 100% loans to our Professional Banking clients on home loans and vehicle finance.’

Nedbank is a proud Partner of the NSBC