Sasfin

Sasfin is a South African bank-holding company that provides entrepreneurs and investors with a wide range of financial products and services.

It was founded in 1951 as a textile trading business and has expanded to three main pillars: business, asset finance, commercial banking, and wealth. Sasfin operates in four provinces and eight cities and has been rated as a B-BBEE 1 contributor.

Achieving financial growth with Sasfin's support

The company takes pride in its personal touch, digital platforms, and flexibility, which enable it to compete effectively. Sasfin's core values of greatness, respect, partnership, and integrity guide its operations and aim to empower clients by helping them achieve financial growth in their businesses and personal lives.

Sasfin's growth journey: From listing to acquisitions

Over the years, Sasfin has achieved several milestones, including listing on the JSE as a trade and equipment financier, establishing SASP, and acquiring Frankel Pollak Securities, which formed the foundation of Sasfin Wealth. Since obtaining its banking license in 1999, the company has grown organically and through such acquisitions.

Empowering entrepreneurs and investors through beneficial products and solutions

Sasfin is committed to supporting entrepreneurs and investors in growing their businesses and wealth while promoting sustainable socio-economic development and a culture of savings. The company seeks to collaborate with partners to enhance its services and provide clients with beneficial products and solutions.

Recognitions and awards received by Sasfin for its commitment to clients and partners

Led by its board of directors and executive committee, Sasfin is making significant strides in the financial services industry. The company launched its digital banking platform, B//YOND, in 2018 and was named Best Corporate Bank for the second year.

Sasfin also collaborated with Hello Paisa and Payabill in 2019 and won again at the Raging Bulls in 2021, demonstrating its commitment to clients and partners through continued growth and success.

Sasfin's credit facilities are a flexible credit solution that provides small to medium-sized businesses with access to ongoing financial support. This credit facility is a game-changer for businesses that require immediate access to funds to take advantage of growth opportunities, cover unexpected expenses or manage cash flow gaps.

The role of credit facilities in business success

Credit facilities offer several benefits to businesses. Firstly, it ensures that access to credit is always within reach, closing the gap between a business's success and its cash flow needs. Businesses can take advantage of growth opportunities and overcome financial hurdles by providing access to a line of credit.

Payment holidays for financial relief

One of the biggest advantages of credit facilities is ongoing financial support. Once approved, there's no need to reapply for funding, giving business owners peace of mind and the flexibility to focus on running their businesses. Additionally, the credit facility includes an annual one-month payment holiday, which can provide much-needed relief during tough times.

24/7 access to credit facilities with Sasfin's digital banking

Sasfin's commitment to digital innovation is evident with the 24/7 access to credit facilities via their digital banking platform. This ensures that business owners can manage their credit line at any time, from anywhere. The digital platform also provides real-time account information and reporting tools that help businesses manage their finances efficiently.

To qualify for the revolving credit facility, businesses must meet the following criteria: be a registered PTY or Closed Corporation and have been in operation for at least 12 months, with a minimum annual turnover of R1 million. Sasfin aims to help businesses of all sizes achieve their financial goals, and this credit facility is just one of the ways they are achieving this mission.

Benefits of Sasfin's credit facilities

• Digital access: Sasfin's commitment to digital innovation is evident with the 24/7 access to credit facilities via their Digital Banking platform. This ensures that business owners can manage their credit line at any time, from anywhere.
• Real-time information: The digital platform provides real-time account information and reporting tools that help businesses manage their finances efficiently.
• Flexibility: Sasfin's credit facilities are designed to be flexible and can be customised to suit the unique needs of each business.
• Expert advice: Sasfin has a team of experienced financial experts who can provide guidance and support to help businesses make informed decisions about their credit needs.