FNB assists 2300 small businesses with South African Future Trust funding
An estimated 2300 businesses have been signed up for the South African Future Trust (SAFT) funding scheme via FNB.
According to the bank, These funds will enable 17367 employees to receive income for the next 3 months.
FNB received more than 12000 qualifying SAFT applications from businesses who have been financially impacted by the Covid-19 pandemic. In addition to SAFT applications, FNB has received more than 40000 completed assessments for both financial and non-financial support from its business clients.
The assistance requested ranges from payment relief on existing loans, to merchant services device fee relief, as well as resources and guidance on navigating the Covid-19 crisis.