Financial Product

FNB: SME Portfolio

FNB’s SME division caters for SMEs with a yearly turnover of 3-10 Mio N$. Within its SME portfolio, FNB offers the following products to start-ups and SMEs requiring financing for growth and expanding operations:

  • Term Loans: a loan that is repaid in regular payments over a specified period of time. Collateral requirements apply.
  • Asset-based Finance: this loan product aims to finance vehicles, machinery and other equipment. The asset that is bought (i.e. car, machine, etc.) also serves as the security (or collateral) for the loan.
  • Overdraft Facilities: An overdraft is a short-term loan arrangement, where your account limit gets extended up to an agreed amount. It’s the most common type of business loan.
  • Contract & Tender Financing: a loan to provide the necessary financing to deliver a secured Government or Private Sector Contract (Tender).

FNB also offers training and mentoring in cooperation with SME Compete


  • SME
  • With legal entity
  • Startups

Debt (Loans)

  • Restructuring/Merger
  • Equipment/Infrastructure
  • Growth/Expansion

loans, bank finance

  • Start-ups:
    • a new business that has practical and realistic business plans
    • has secured a Government or private sector contract
    • is buying a franchise
    • or has a viable customer base.
  • Expansions
    • Existing businesses requiring capital to fund growth, purchase equipment, purchase motor vehicles or business premises.
  • Management buy-outs
    • Businesses that the current management is buying from the current owners.
  • Management buy-ins
    • Businesses that are purchased by individuals or a management team to actively participate in the day to day running of the business.
  • Namibian citizenship or permanent residency
  • Registered with MITSMED
Application Procedure

You need to submit the following documents:

  • A comprehensive business plan.
  • Signed and fully completed FNB Business SME Division forms.
  • Detailed monthly financial projections for at least 3 years, supported particularly in the case of start- ups by a franchise feasibility study (if it’s a franchise), orders, contracts and or verifiable letter of intent.
  • A personal balance sheet of every member or shareholder.
  • CVs of each member or shareholder detailing relevant qualifications, skills and experience.
  • Copies of relevant legal agreements (quotations, offer to purchase, franchise agreements, etc.)
  • Any other information that will assist us in understanding your business and reaching a decision in the shortest possible time.

For existing businesses we also require the following in addition to the above mentioned information:

  • Annual financial statements for the past 2 to 3 years.
  • The latest management accounts-income statement, balance sheet, debtors and creditors age analysis.
For more information


1st Floor, FNB Building, 130 Independence Avenue, Windhoek.

Tel: +264 (0)61 299 2920