To qualify, a business must have regular cash flow.
The aim of this Product is to provide working capital finance to vendors and merchants – fuel retailers, restaurants, shops, hairdressers, beauty salons, and similar businesses.
To qualify, a business must have regular cash flow (e.g daily), have annual gross turnover in excess of R1 million and a track record of no less than 12 months. Loans from R30, 000 to R2, 5 million are considered.
Term: Short term business finance over 6 to 12 months that does not require fixed security. Repayments are flexible, and can be calculated as a fixed periodic amount or as a percentage of daily sales. It is a fast finance to apply for – the time from application to pay-out can be as short as 3 business days.