Absa franchise finance, facilitating business loans

The provision of suitable finance to the South African business entrepreneurship sector has remained as one of Absa’s strongest passions. With many years of experience in the financial and banking industry, Absa understands that a healthy and thriving micro business sector has the potential to spur a community or country towards great economic milestones. In South Africa, small and micro enterprises contribute between 27% and 34% of the country’s gross domestic product (GDP). A bulk of these micro enterprises are run as franchise businesses.

It is from the above background that Absa introduced the Franchise finance which caters for the wholesale, retail and entire franchising business community. Absa provides world-class solutions informed by a clear understanding of the sector. These Absa bank solutions are aimed at maximising value, reducing risks and enhancing cost efficiencies. The Absa market leading operational products and solutions include cash management and payment solutions, merchant services, electronic banking, commercial asset finance and commercial international banking.

Absa believes that these products and solutions coupled with a useful network of strategic partnerships will ensure the sustainability of businesses for the franchisor and franchisee. The good news for South African businesses with the ambition of expanding into other African nations, Absa’s and Barclays footprints in a number of territories across the continent make it easy to break down the borders and fast track  business growth.

To access the franchise finance, Absa bank can be contacted on 0113504000.

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