FNB has announced that it has partnered with the South African government on its Bounce Back loans scheme. It’s aimed at providing additional funding to qualifying businesses, to grow the South African economy and to facilitate job creation. FNB said these loans have the potential to act as a real catalyst for growth for SMEs, while contributing to the country’s economic recovery. Business clients with an annual turnover of up to R100 million can apply through FNB’s digital channels. The loan options range from R10 000 to R10 million and offer very generous interest rates and repayment terms.
