BizFlex: Flexible short-term business loan
BizFlex is ideal if you need working capital or 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 advance solution designed to help your business grow
- Pay as and when your business earns revenue
- Know the total cost 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 Cash Advance.
- You choose the percentage of your daily revenue to pay towards the cash advance. This will ensure your repayments match your cashflow.
- Repayments are automatically linked to the revenue earned in your business current account. If your business uses Standard Bank merchant facilities, you may also qualify to link repayments directly to revenue from card sales.
- The total cost of lending is quoted upfront giving you complete cost certainty.
- You can take up the offer and complete the signing process digitally using Online Banking. As soon as its finalised, the funds will be paid into your account within 48 hours.
What it costs
- No monthly fees
- You decide what percentage of your daily earnings to pay towards your short-term business cash advance
- A fixed total cost is quoted and guaranteed upfront in Rands
- The total cost does not vary irrespective of the time you take to repay the cash advance
- A minimum daily repayment may apply if 'pay-as-you-earn' repayments are significantly lower than expected
How to get it
You need to:
- Have an active Standard Bank Business Current Account for at least 6 months
- 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
-
What you get
-
How it works
-
What it costs
-
How to get it
- A short-term advance solution designed to help your business grow
- Pay as and when your business earns revenue
- Know the total cost 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 Cash Advance.
- You choose the percentage of your daily revenue to pay towards the cash advance. This will ensure your repayments match your cashflow.
- Repayments are automatically linked to the revenue earned in your business current account. If your business uses Standard Bank merchant facilities, you may also qualify to link repayments directly to revenue from card sales.
- The total cost of lending is quoted upfront giving you complete cost certainty.
- You can take up the offer and complete the signing process digitally using Online Banking. As soon as its finalised, the funds will be paid into your account within 48 hours.
- No monthly fees
- You decide what percentage of your daily earnings to pay towards your short-term business cash advance
- A fixed total cost is quoted and guaranteed upfront in Rands
- The total cost does not vary irrespective of the time you take to repay the cash advance
- A minimum daily repayment may apply if 'pay-as-you-earn' repayments are significantly lower than expected
You need to:
- Have an active Standard Bank Business Current Account for at least 6 months
- 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
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