SME Banking - Barclays Business Solutions

Whether you are a Sole Proprietor starting your business, or a established business looking to grow, Barclays understands the pressures of running a business in a competitive and changing environment. Leveraging off our global footprint and expertise, it is our job to provide relevant and innovative products and services, and personal support, to help our customers succeed in starting, and growing their businesses. Our Business Solutions offering is constantly being enhanced to meet our customers changing needs. However our philosophy remains one of partnership as we recognise that your success is our success.

Business Solutions Current Account

The Barclays Business Solutions Current Account offers you the security of a bank account with convenient access to your funds at any Barclays Branch or ATM. In addition free monthly statements to assist you in tracking your business activities. A cheque book linked to this account offers the convenience of making payments without having to carry cash. Barclays has designed 3 flexible fee packages allowing you to select a package that best suits your business' unique needs. Barclays also offers a Foreign Currency Account facility (subject to individual country exchange control regulations) and a Community Account specifically designed for Non-profit organisations and NGO's.

To open a Business Solution Current Account you require:

• Company Registration Documents.
• Minimum opening balance of TZN 300, 000.
• Business Solution Current Accounts offer convenient ATM access via an ATM Card with a daily limit of TZN 400, 000.

Business Solutions Savings Account

Saving is a reality of life, be it for a planned purchase, or security against those unplanned events. Barclays offer a range of saving accounts designed to give you the flexibility to choose the solution that best meets your needs. The Barclays Call Account offers competitive interest with convenient access to your funds at short notice. The Business Solution Savings Account offers competitive interest and convenient access to your funds by being linked to your Business Solutions Current Account. This account is available in local and foreign currency (where applicable). The Business Solution Bonus Savings Account offers bonus interest to a customer if there are no withdrawals from the account for a 3 month period. The Business Solution Fixed Deposit Account is for those customers looking for higher interest rates but who are prepared to commit their funds for a fixed period normally 1 month or more. This account is available in both local and foreign currency (where applicable).

• Minimum investment of TZS 1 million is required for Call or Savings Accounts.
• Statement on demand.
• No foreign currency option is currency offered for Call or Savings Accounts types.

Minimum investment of TZS 5 million is required for Fixed Deposit Accounts.

• Free statements on demand.
• Flexible terms up to 5 years.
• Foreign currency options are available for Fixed Deposits Accounts.

Business Solution Loan

Access to finance to start or grow your business is one of the biggest challenges many business people face. Barclays recognise this challenge and offer both Secured and Unsecured lending solutions with flexible terms and competitive interest rates. On a case-by-case basis we are also able to assist customers with Over-draft facilities for working capital requirements, and Commercial Property and Asset Finance.

• You can borrow up to TZN 10 million unsecured.
• Unsecured loan accounts offer flexible repayment terms of 1 – 5 years.
• You can borrow up to TZN 150 million secured.
• Secured loan accounts offer repayment terms up to 3 years.
• Loan accounts have a once off arrangement fee.

Barclays Business Club

The Barclays Business Club is a unique value add offered to Business Solution customers. Membership entitles you to the support of a dedicated Business Development Manager whose job it is to help you grow your business. As a Business Club Member you will also be able to attend the regular Business Club Seminars where you will be able to access in-depth business advice, and learn about the latest business trends, from respected business specialists and leaders. In addition the seminars provide you the opportunity to network with other business people, allowing you to sharing your experiences, and make valuable business contacts. Business Club Members also exclusively receive the quarterly InBusiness Magazine. This informative magazine provides insights into business activity in our markets, and informative articles on how to run your business even better.

To find out more about the Barclays Business Solutions offer.

Speak to a Business Development Manager or Business Customer Advisor at your local Barclays Branch.