Our minimum requirements for funding are much less intensive than those of banks. All you need is for your business to be located in South Africa, make an annual revenue of R500 000+ and be in business for at least 1 year.
You need to provide your business’s company registration number or VAT number if you’re operating as a Sole Proprietorship as well as your companies financial history. Your best chance of success is to link your company bank account through Yodlee or your accounting package through Xero or Sage One Accounting. At minimum you need to provide pdf copies of your last 3 months bank statements.
You can use the funding for anything your business needs. This can be for bridging receivables gaps, managing cash flow, buying inventory and equipment, hiring employees, etc. Anything your business needs.
We give you access to the best legal advisors for your business legal needs - including telephonic legal advice on aspects relating to contracts, labour disputes, debtors, applicable legislation and regulations, licensing and litigation. Get it for FREE for the entire duration of your funding period.