FAQ
All your questions answered
- Registered formal business in South Africa
- Annual turnover of more than R500,000
- Trading history of at least 6 months
No you may also upload valid bank statements from your bank during the application process. However, linking your accounting software is the most efficient way.
- Business Loan
- Line of Credit
- Invoice Finance Facility
Funding is paid directly into your bank account once approved. You have full access to your funds using the account you created when you applied for funding.
The application turnaround time is generally 24 – 48 hours, this also depends on the amount of your funding application. We will keep you up to date on email or telephonically.
Applications will be reviewed and considered, however we do recommend you review your credit record as this will impact your funding application.
Interest rates are determined by the level of risk based on your credit record. Don’t stress we focus on supporting business owners so our processes and interest rates are transparent.
Once your application is approved we will discuss your funding repayment options. Our terms are flexible and we offer weekly plans. Remember you have the option to settle your loan early without penalties. We actually provide discounts for early settlement.