Business Loans (unsecured)
NOT FOR BUSINESS LESS THAN 6 MONTHS OLD
SALES OF R 1 MILLION IN THE LAST 12 MONTHS IS ESSENTIAL
Business loans South Africa from R 50 000 to R 1,5 million.
3 day approval.
No Security needed
Unsecured business finance, for small and medium businesses
Use as you please
Small business funding and quick funding for business.
Quick business loans by private lenders gives you funds for business.
Are you looking for funding companies or investors, then our SME funding, SMME funding, private business loans, funds for small business, company funding, business finance loans and business investors have sources of funds to assist to grow businesses, which includes purchase orders, invoice discounting,
Unsecured business loans fast and easy.
Loan Term: 6 months ( 26 weeks )
Minimum Loan: R 50 000
Maximum Loan: R 1 500 000
Interest: 25 % for 6 months term
Business Age: Minimum 1 year old
Business Turnover: R 1 million per annum or more
Premises: If leased, then leased for minimum of 1 year. If owned, then at least one year old
Start Ups: NO START UP business applications will be considered
Ideal Business Profile
Businesses that have a regular income flow into their bank accounts via EFT or Credit Card transfers. Companies that have contracts that ensure a regular flow of cash into their bank accounts have a high chance of loan approval.
Bank Statements: 6 months
Credit Profile: Owners / Shareholders / Members, Trustees and business, to have a 100 % clean credit profile
Ideal income profile: Credit Card sales or EFTPOS
Repayment: Weekly by Debit Order in 26 equal instalments
General: The lender will undertake other checks and request other information to assess the applicant’s loan service capability. All loans are granted at the lenders sole discretion. The lender’s decision is final.
NOTE NO START UP BUSINESSES LOANS WILL BE CONSIDERED Businesses MUST BE older than 1 year
- Minimum Term – 6 months
- Maximum Term – 6 months
- Minimum APR – 50 %
- Maximum APR – 50 %
- Loan R 100 000
- Term 6 months
- APR 25 %
- Repayment R 125 000
Subject to lenders Terms and Conditions at time of quote