Funding Solutions

Here is a resource of funding solutions you may want to consider:

Absa

The bank offers relevant information on its website about franchising as well as the various funding options being offered by the bank – Click here for more information

 

Head of Franchising
Dumisani Bengu

Email address: franchise@absa.co.za

Franchise Division Contact details

Abigail Makhubele

Email address:  Abigail.Makhubele@absa.co.za

 

Business Partners

Business Partners offers extensive information on the company’s website regarding funding as well as various other value-add services – click here to learn more about the franchise finance solutions being offered

Business Partners also offers a great tool to assist with the development and writing of a business plan – click here for more information

 

There is also an SME Toolkit website that deals with Accounting, Business Planning, Marketing, HR, Legal, Technology and various other important aspects for small businesses- Click here for information

 

Email address:  enquiries@businesspartners.co.za

Telephone number: 011 713 6600

 

First National Bank

FNB’s information to assist potential business owners in the decision-making process includes a handy checklist of the documents that FNB would require before an application for funding is submitted –  click here to read further

First National Banks’s funding application form

National Franchise Manager Mornè Cronje

Email address: franchise@fnb.co.za

Telephone number: 031 907 8911

 

Mercantile Bank

Turnover of up to R75 million

Mercantile Bank offers businesses a specialised range of secure and user-friendly Business and Commercial Banking products and services. We adopt a niche approach to business and commercial banking and pride ourselves on being able to tailor our solutions to suit our client's unique and evolving needs.

 

Our service has a personal touch and our teams are skilled, experienced and flexible. Pricing is transparent and we are committed to solution-driven service excellence across our operations, from our business centres to our high-tech dealing room.

 

National Franchise Manager:  Riaan Fouche

Email address: franchising@mercantile.co.za

Telephone number: 011 302 0425

 

Nedbank

Nedbank offers information on the various funding solutions for franchising as well as various topics related to franchising –  Click here to read further

 

National Franchise Manager at Nedbank:
Laurette Pienaar

Franchise division’s email address- franchising@nedbank.co.za

Sefa

The Franchise Association of South Africa signed an MOU with sefa to assist franchisees who apply for funding with sefa.

The Small Enterprise Finance Agency or sefa provides financial assistance to eligible SMME’s that intend to invest in the business including franchising. Sefa is a development funder and not the same as a bank.

 

Sefa published their general requirements, qualifying criteria and considerations for applicants –
Click here to read further

 

Contact for franchising at
Mr Don Mashele

Email address:  helpline@sefa.org.za
Telephone number: 012 748 9600

 

The Masisizane Fund

The Masisizane Fund is a non-profit funding entity. The fund is an Old Mutual initiative that was established in 2007. The fund offers development finance and business support.

 

The Key Initial documents for franchise funding applications have been published on the fund’s website requirements-
Click here for Initial documents

 

Contact:  NDlamini@oldmutual.com
Phone number: 039 727 8100

 

Additional Funding Options

The following funders have not shown their direct support of the franchise industry as these companies are not service provider members of the Association but it is understood that they do offer funding to qualified applicants.

 

National Empowerment Fund – Click here

National Youth Development Agency  – Click here 

Gauteng Enterprise Propeller  – Click here

Eastern Cape Development Corporation –  Click here

Lulalend  –  Click here