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Financing your business > Business Term Loan
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Business Term Loans are a relatively simple way of securing funds for any period up to eight years that is repayable in equal monthly instalments.
Benefits
- Your Business Term Loan may be used for the following:
- Purchase of fixed assets, for example, property equipment.
- Refurbishments and alterations.
- Acquiring a new business.
- The loan period is not fixed but is determined by your monthly repayments, which include interest and capital.
- The minimum loan amount is R50 000 and there is no maximum, depending on what you can afford.
- Additional funds deposited over and above your monthly agreed repayments will be available for withdrawal subject to a minimum of R10 000 and multiples of R1 000.
- The account can be linked to electronic channels.
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