FNB Business Loan

f22raptor

f22raptor

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Good day

My online business has been in existence for 3 months. I bank with FNB. So far each month's revenues are around R8 000. Do I qualify for an R100 000 loan payable over 48 months?
 
Business loans for new businesses are usually not dependent on your existing income but more on your business plan and what your needing the money for. Create a proper business plan and go to the bank.
 
f22raptor said:
Good day

My online business has been in existence for 3 months. I bank with FNB. So far each month's revenues are around R8 000. Do I qualify for an R100 000 loan payable over 48 months?
Click to expand...

You need to contact the bank. Literally no one here will be able to answer you.
 
f22raptor said:
Good day

My online business has been in existence for 3 months. I bank with FNB. So far each month's revenues are around R8 000. Do I qualify for an R100 000 loan payable over 48 months?
Click to expand...
During the hard lockdown last year I missed a few payments. Fnb still hasn't updated my credit record since then (was last updated around that time).
Before the lockdown they offered me R140k, now only R18k.

I don't want the loan, but it's still annoying because I can do with 500 more ebucks points - as a buffer.

Anyway, hope your credit record is not blemished like mine.
 
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