BizFlex: Short-Term Business Loan
BizFlex is ideal if you want to grow your business while repaying the loan as you earn revenue.
No
Monthly Fees
Personalised
Interest charge
Some of benefits
Instant access
Funds are paid out within hours of signing, once approved
Repay as you earn
Repay your loan on a 'pay-as-you-earn' basis as your business generates revenue
Cost certainty
Interest charge is fixed and guaranteed upfront in Rand terms irrespective of the period taken to settle the loan
Seamless process
Apply and sign digitally for your short-term loan via Internet Banking
What you get
- A short-term loan designed to help your business grow
- Pay as and when your business earns revenue
- A fixed funding fee shown upfront, with no monthly fees
- A quick and seamless digital experience – no need to visit a branch
How it works
- You need an existing Standard Bank Business Current Account to qualify for a BizFlex loan.
- You choose the percentage of your daily revenue to pay towards the loan. This will ensure your repayments match your cashflow.
- The funding fee is calculated and fixed upfront in rands, giving you complete cost certainty.
- You can take up the offer and complete the signing process digitally on Online Banking. As soon as it’s finalised, the funds will be paid into your account.
What it costs
- No monthly fees
- You decide what percentage of your daily earnings to pay towards your short-term business loan
- A fixed funding fee is quoted and guaranteed upfront in rands
- The fixed funding fee does not change, regardless of how long it takes you to repay your loan
Please note:
If your 'pay-as-you-earn' repayments are significantly lower than expected, a minimum daily repayment may apply to ensure your loan continues to be repaid.
How to get it
Minimum requirements:
To apply for a BizFlex loan, you need to:
- Have an active Standard Bank Business Current Account for at least 6 months
- Have a business that is Proprietary Limited or Close Corporation
If you have an existing Business Current Account with us:
- Register or sign in to Online Banking to view your personalised BizFlex offer, or
- Speak to your Relationship Manager to see if your business qualifies
If you don’t have an existing Business Current Account with us:
- Open a Business Current Account online
- Speak to your Relationship Manager to see if your business qualifies for this loan
See T&Cs for BizFlex Juristic in NCA
See T&Cs for BizFlex Juristic outside NCA
-
What you get
-
How it works
-
What it costs
-
How to get it
- A short-term loan designed to help your business grow
- Pay as and when your business earns revenue
- A fixed funding fee shown upfront, with no monthly fees
- A quick and seamless digital experience – no need to visit a branch
- You need an existing Standard Bank Business Current Account to qualify for a BizFlex loan.
- You choose the percentage of your daily revenue to pay towards the loan. This will ensure your repayments match your cashflow.
- The funding fee is calculated and fixed upfront in rands, giving you complete cost certainty.
- You can take up the offer and complete the signing process digitally on Online Banking. As soon as it’s finalised, the funds will be paid into your account.
- No monthly fees
- You decide what percentage of your daily earnings to pay towards your short-term business loan
- A fixed funding fee is quoted and guaranteed upfront in rands
- The fixed funding fee does not change, regardless of how long it takes you to repay your loan
Please note:
If your 'pay-as-you-earn' repayments are significantly lower than expected, a minimum daily repayment may apply to ensure your loan continues to be repaid.
Minimum requirements:
To apply for a BizFlex loan, you need to:
- Have an active Standard Bank Business Current Account for at least 6 months
- Have a business that is Proprietary Limited or Close Corporation
If you have an existing Business Current Account with us:
- Register or sign in to Online Banking to view your personalised BizFlex offer, or
- Speak to your Relationship Manager to see if your business qualifies
If you don’t have an existing Business Current Account with us:
- Open a Business Current Account online
- Speak to your Relationship Manager to see if your business qualifies for this loan
See T&Cs for BizFlex Juristic in NCA
See T&Cs for BizFlex Juristic outside NCA
VIEW OUR BIZFLEX BROCHURE
Download or view our brochure for more details on BizFlex and how to get it.
Don’t qualify for a BizFlex short-term loan?
Easily apply online for a Business Term Loan