Windhoek – FNB Business has been actively supporting the growing needs of franchisors and franchisees in Namibia and southern Africa for many years, with much success. With the ever-growing need for franchise operations support, which requires a bouquet of specialised banking solutions, FNB decided to create a specialised franchise business unit to support franchise clients in Namibia.
Fanie Steenkamp, FNB Business Segment Head, said franchising shows great potential to contribute even more significantly to SME development and employment creation in Namibia – hence the introduction of various products, systems, financing, pricing and other best practice solutions. While based on practical experience, this new support is still tailor-made for the specific needs of respective franchises.
FNB Franchising would focus on providing funding for new franchise outlets, revamping of existing franchise outlets, the sale of existing franchises and working capital requirements. Other areas funded by FNB are the acquisition, shareholder buy-ins, ownership transfers, re-capitalisation, expansion project and commercial property funding.
The new focus on franchising would support Namibian businesses with a proven track record to offer their experience to other potential entrepreneurs in the form of a franchised business, both within the country and further afield, said Steenkamp.
“With FNB Franchising Namibian businesses will not only receive specialised and tailor-made banking solutions, but also benefit directly from tapping into our international franchise knowledge base, excellent expertise and long standing working relations with franchisors,” Steenkamp said.
by Staff Reporter