We offer you a range of Mercantile Bank business borrowing products tailored to suit your unique requirements, all at highly competitive rates. Our suite of borrowing products includes overdrafts as well as term loans, asset and property finance.
Enjoy a credit facility linked to your business bank account and a prime-linked revolving facility offered at a competitive interest rates
Only pay interest on funds used and not the full facility available to you.
Gold Credit Card is linked to the loyalty programme to give you access to all premier Bidvest lounges at airports around South Africa
Nominate any number of executives and staff to use cards linked to a single card account, with individual limits and tracking
Attractive borrowing terms and competitive interest rates.
A range of financing options for all your motor vehicle, fleet and capital equipment needs.
This service enables you to pay affordable instalments for moveable and durable goods that your business requires. You have an option to link interest charges to the Prime lending rate for a fixed or specified period and you will get a competitive rate from our partner for insured goods.
This service enables you to pay affordable instalments for that vehicle you have been dreaming of from a dealership or a private seller. You have an option to link interest charges to the Prime lending rate for a fixed or specified period and you will get a competitive rate from our partner for the vehicle insurance cover.
Mercantile Bank has an attractive range of rental finance asset classes which include but are not limited to office automation, telecommunication products, security surveillance, medical equipment, construction equipment and computer equipment. The portfolios are built utilizing rental asset agreements and these agreements have varying periods attached to them ranging from 24 to 60 months, specifically designed for small to medium businesses and larger corporates.
You can enhance your balance sheet and income statement with a better return on net assets, enjoy flexible finance terms and also structure repayments according to your business needs.
You will also be able to reduce your debt exposure and enjoy tax advantages, using off-balance sheet financing to enhance your business profits. We understand the importance of quick turnaround times, so our approval process is quick and easy with no deposit required.
Attractive and cost effective property finance solutions with flexible finance terms and structured repayment terms. You can link your interest charges to Prime lending rate for a fixed period or specified period and the Loan to Value (LTV) is normally 70% and client is to provide 30% deposit. You will also receive competitive rates for all goods insured with our partner CommRisk.
This is where a loan is advanced to a borrower where the instalments are deducted from the transactions made through the Point of Sale (POS) device. The loan value is determined by the sales volume or turnover processed through the merchant account over a period of 12 months. The loan value is limited to 10% of merchant turnover or R500,000, whichever is lesser. The loan repayments are easy - 10% of day’s transactions through the POS device is reserved for repayment of loan. To qualify, the business must be running for 24 months, with 12 months merchant track record.
Are you looking to buy a franchise or are you already a franchisee or franchisor?
Mercantile's expert franchise team has the banking solution for you, from A-Z
Mercantile Bank offers every service a franchise business requires and more, going above and beyond to accommodate any request. Choose from our wide portfolio of industry-leading solutions, from franchise purchase to business operation..
Financing
Medium-term loans - Purchase your franchise business, revamp or buy capital goods
Merchant POS loans – Apply for an advance against your merchant income and have instalments deducted from your point of sale (POS) transactions daily.
Quicker credit turnaround times
Commercial property loans - Finance property like warehouses or offices
Asset-based finance - Finance moveable assets like vehicles and moveable equipment
Rental finance - Rent a required asset without the need for ownership
Overdrafts - Cover monthly obligations, while financing debtors
Credit card - Benefit from a revolving credit facility that is linked to a VISA credit card
Operations
Merchant services - Take care of all card-based customer purchases with our POS devices
Cash solution - Accurately count cash, secure it on site and have G4S manage your cash.
Internet banking - Manage every aspect of your business online or through our app
Insurance - Consult our insurance partner, CommRisk, about short- and long-term insurance solutions
Employee benefits - Ensure employee health and wellbeing with our range of value-added services
Keen to find out more about our services? Download our comprehensive Brochure
Have questions or want to get in touch with a franchise relationship manager?
Contact us now. franchise@mercantile.co.za
