MAKE SMALL BUSINESS GROWTH HAPPEN For more information go to nedbank.co.za or visit a branch to speak to a Nedbank consultant. PARTNERING FOR GROWTH 8586 Nedbank Small Business Brochure 200x200_Rev3.indd 1 2014/02/14 10:20 AM
CONTENTS bank with a partner that understands small business Grow your business with the right partner...4 Six reasons why small businesses join Nedbank...6 A single point of contact...6 Easy access anytime, anywhere...6 Hassle-free banking and application processes...6 Seamless offerings for you, your employees and your household...6 Banking and Beyond offerings...6 Industry-tailored solutions...6 Nedbank driving support for your small business...8 Small business solutions at a glance...9 Day-to-day banking...9 Cashflow and working capital funding...9 Medium- to long-term finance...10 Investment solutions and business planning...10 Industry expertise...11 Franchise...11 Agriculture...11 Medical...11 Value-added services...12 Nedbank@Work...12 Personal Relationship Banking...12 MyFinancialLife and Nedbank App Suite...12 Beyond offerings to accelerate your business growth...14 SimplyBiz.co.za...14 Small Business Index...14 Payroll solutions...14 Integrated accounting solution...14 Nedbank Money Manager...14 Practical mentorship...14 Business registration...14 Small business seminars...14 8586 Nedbank Small Business Brochure 200x200_Rev3.indd 2-3 2014/02/14 10:21 AM
4 Grow your business with the right partner Starting up and growing a small business* can be exciting, but may also pose many challenges. One thing is key: as a business owner you need a bank that supports and guides you in your financial decisions, equips you with the right tools to manage and grow your business, and lowers your administrative burden. At Nedbank we offer a wide range of innovative business solutions specifically geared towards the needs of owners, their businesses and their employees. Whether your business is just starting up or is already established and set to grow, we have the right solution for every stage of your business journey. From our state-of-the-art banking solutions to our Beyond offerings, Nedbank enables you to take your business further. Join Nedbank and experience banking with a partner that understands small business. * Small business is defined by the Department of Trade and Industry as a business with an annual turnover of up to R20 million. 8586 Nedbank Small Business Brochure 200x200_Rev3.indd 4-5 2014/02/14 10:21 AM
Six reasons why small businesses join Nedbank 1 A single point of contact A relationship manager, located in your region and supported by a team of specialists, is dedicated to servicing your small business and managing your banking needs, whether your business is just starting or established and growing. 2 Easy access anytime, anywhere Small business owners like you are constantly on the move. That s why Nedbank offers a wide choice of innovative banking channels to ensure you are always connected. Deal with us online, through our contact centre, on your mobile device with the Nedbank App Suite or through your relationship banker. You can also visit one of our many branches countrywide. 3 Hassle-free banking and application processes We want you to focus on growing your business, which is why dealing with Nedbank is easy. Our simplified application process and prearranged finance mean quicker decision-making and facility enablement. 4 Seamless offerings for you, your employees and your household Because the financial affairs of your household and your business are often intertwined, we give you access to a personal banker who not only understands our full spectrum of individual solutions, but also understands you and your business. And with Nedbank@Work we bring banking to your workplace to ensure your employees are financially fit. 5 Banking and Beyond offerings We aspire to support small businesses by focusing on their needs in both the short and the long term. Whether your business needs day-to-day banking, easy access to finance, flexible investment solutions, or simply some advice that goes above and beyond banking, Nedbank has a solution to suit your needs. 6 Industry-tailored solutions Specialist industries require specialist solutions. Nedbank has designed solutions that address the specific needs of the franchising, agricultural, professional and medical sectors. Speak to our team of specialists with firsthand knowledge and experience in these industries and businesses. 6 8586 Nedbank Small Business Brochure 200x200_Rev3.indd 6-7 2014/02/14 10:21 AM
8 Nedbank driving support for your small business The small business sector employs two-thirds of South Africa s workforce and generates more than half of our country s gross domestic product. Recognising the important role you play in our economy, we are continuously looking for ways in which we can contribute to your business s success. Our commitment to small business is demonstrated in the way we improve our own procurement practices, through our continuing efforts to innovate our offering and our investments to drive entrepreneurship. At Nedbank, we understand the importance of cashflow to a small business. That is why we have committed to the Prompt Payment Code - an initiative of the National Small Business Chamber to pledge to pay small businesses within a maximum of 30 days from receipt of invoice. Another investment in entrepreneurship is Vote Small Business an initiative that elevates the collective voice of small business to ensure you get the support you need while equipping you with free tools and materials to help drive more business to your business. PARTNERING FOR GROWTH Vote Small Business. Because small business means big business. Nedbank launched Small Business Friday in association with the National Small Business Chamber (NSBC) in 2012. Themed Vote Small Business, the initiative was inspired by Small Business Saturday SM, which was started in the United States by American Express in 2010. Similar to the American example, Small Business Friday amplifies the voice of small businesses and calls on consumers, corporates and government to support them and the role they play in fuelling the economy. 8586 Nedbank Small Business Brochure 200x200_Rev3.indd 8-9 2014/02/14 10:21 AM
Small business solutions at a glance 9 Medium- to long-term finance Commercial property finance We offer flexible finance to buy commercial property should you wish to own rather than rent your company premises. Vehicle and equipment finance Plan asset purchases both now and as your business grows. Annually reviewed, prearranged limits mean no delays as you wait for a finance decision, so you can make objective buying decisions. HomeVision This is a facility on your home loan that gives you access to surplus equity. The surplus funds can be used to capitalise your small business or for many other purposes. Investment solutions and business planning Business investments These help you manage your surplus funds and ensure your investment products give you optimal return for your working capital and liquidity requirements. Business financial planning and insurance Business risks are identified and migrated with a view to ensuring you and your business are protected now and in the future. 10 Day-to-day banking Startup offer* You receive free transactional banking for two years when your startup loan of R100 000 or more is approved. Mobile and electronic banking (NetBank or NetBank Business) The functionality caters for basic transactional features and the more complex needs of larger businesses, including authorisation levels and batch payments. Both electronic banking platforms can be accessed from mobile devices through the Nedbank App Suite. Nedbank PocketPOS This is the first solution in South Africa that allows you to accept card payments securely through your mobile device ideal for businesses on the move and small businesses with low or ad hoc card payment volumes. Cashflow and working capital funding Small Business Gold Credit Card and/or Debit Card These cards are linked to Nedbank s Greenbacks Rewards Programme and will make transactions easy while stretching your cashflow with up to 55 days interest-free credit. Cash Revolve Card This revolving facility allows you more time to pay back your outstanding balance for up to six months improving cashflow in your business. It also rewards you with cash back when you settle the full outstanding balance 10 or more days before your payment due date. Overdraft and working capital finance Overdraft facilities on your current account, an overnight loan or a short-term loan can be arranged to suit your business requirements for the funding of working capital. Merchant POS solutions This wide range of secure merchant payment devices caters for varying transaction volumes. Debtor management You enjoy access in advance to 80% of the money that is locked up in your invoices due for payment improve your cashflow. * For early-stage businesses less than two years old. 8586 Nedbank Small Business Brochure 200x200_Rev3.indd 10-11 2014/02/14 10:21 AM
11 12 INDUSTRY EXPERTISE Franchise Our franchise specialists have developed a thorough understanding of various industry sectors in the franchise market. We know, for example, that the financial needs of a fuel retailer are significantly different from those of a fast-food franchisee. There is no such thing as a one-sizefits-all solution. Nedbank has worked hard to build up a wealth of expertise in franchising. By working closely with the franchisors we are able to put together flexible, relevant and cost-effective banking packages for franchisees total solutions that take into account a franchisee s present position and future goals. Through our network of local business managers dedicated to the franchise industry together with the National Franchise Unit in Johannesburg we can customise upfront finance solutions, which ensures speedy turnaround times and an efficient process in resolving your finance requirements. These solutions include funding for: the acquisition of new stores; the purchase of existing stores; store revamps (renovations and refurbishments); and the acquisition of second and third stores. Agriculture Our agriculture specialists provide guidance and specialised input on all agriculture-related requests across both the primary and secondary sectors of the agriculture industry. Our partnerships with leading academic institutions keep us constantly abreast of the latest research developments and emerging trends in the industry. Because we understand the variable and cyclical nature of agriculture, we have tailored flexible and cost-effective finance packages that cater specifically for these nuances. We offer flexible finance on production inputs such as maize, soya and wheat that take into account seasonality as well as crop insurance. Medical We understand that in the medical profession your time is money. That is why Nedbank Business Banking has designed an innovative range of practical business banking solutions to ensure that you spend your time and energy doing what you need to do. Our clientcentred approach in offering solutions to the medical profession ensures that you always have access to a wealth of expertise. A highly personalised relationship with your professional business manager affords you expedient service, expert and customised advice, as well as enhanced turnaround times on applications. Your professional business manager is backed by a team of specialists with a deep understanding of the complexities of the medical profession that is relevant and practical, and based on up-to-date research and on our synergistic approach to solution management. Partnering with this highly focused team of specialists, you will be able to benefit from uniquely tailored transactional, lending and value-added business banking solutions. VALUE-ADDED SERVICES Nedbank@Work Bringing banking to the workplace banking solutions and financial fitness workshops for your employees, and a simplified payroll with Nedbank-to-Nedbank transfers. Personal Relationship Banking Access to banking, saving, investment, lending, cards and international and fiduciary services for you and your household, all through a dedicated personal relationship banker who works closely with your relationship manager. Banking just got more personal. MyFinancialLife and Nedbank App Suite Secure, convenient and innovative digital solutions to enable you to build financial fitness and access your personal and business banking on the move. 8586 Nedbank Small Business Brochure 200x200_Rev3.indd 12-13 2014/02/14 10:21 AM
Beyond offerings to accelerate your business growth Nedbank goes above and beyond banking by offering a suite of services and value-added solutions to enable your business to grow faster, easier and more effectively. SimplyBiz.co.za Get practical business information, network with other businesses, access trends and insights, and enjoy great offers as well as innovative tools to grow your business. Small Business Index This credible index focuses on economic data, business confidence and trends for small businesses in South Africa. Nedbank s Small Business Index allows you to track and measure the following on a quarterly basis: 14 Confidence and behaviour of South Africa s small business market. Small business activity. Short-, medium- and long-term business expectations. Financial and business challenges. Payroll solutions This is an internet-based operating system integrating your HR and payroll requirements. Integrated accounting solution Nedbank s accounting solution is accessed electronically through NetBank Business and automatically integrates your accounts with an industry-leading accounting package, Sage Pastel My Business Online. Nedbank Money Manager Track your finances, manage your cashflow, analyse statements, and view finances in a simple and user-friendly format. Practical mentorship Our association with Business Partners Ltd gives you practical mentorship to help build your business. Business registration We offer a convenient and efficient service to facilitate the registration of your business within our branches. Small business seminars Value-adding workshops give unique insight into how to run a successful and sustainable business, with additional tools and tips to boost your network and business at any stage. 8586 Nedbank Small Business Brochure 200x200_Rev3.indd 14-15 2014/02/14 10:21 AM
Make your small business happen. Email business@nedbank.co.za or apply online at simplybiz.co.za. Nedbank Limited Reg No 1951/000009/06. Authorised financial services and registered credit provider (NCRCP16). for more information please go to nedbank.co.za 8586 Nedbank Small Business Brochure 200x200_Rev3.indd 16 2014/02/14 10:21 AM