Business Loans (unsecured)

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.

APPLY NOW

Loan Conditions

Loan Term: From 2 month to 6 months options
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.
Loan Requirements

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

Cost Schedule

  • Minimum Term – 6 months
  • Maximum Term – 6 months
  • Minimum APR – 50 %
  • Maximum APR – 50 %

Example :

  • Loan R 100 000
  • Term 6 months
  • APR 25 %
  • Repayment R 125 000

Subject to lenders Terms and Conditions at time of quote

Equity Release

Equity Release

Choose Which Type Of Equity Release You Are Interested In: 

Property Equity Release | Property WarehousingMezzanine Finance – Developers | Mezzanine Finance – Commercial

Sold your property ?

Waiting for profits to pay out ?
Get your money now !

UP to 80 % of the net proceeds can be advanced in 24 hours. 

Cost Schedule

  • Minimum Term – 3 months
  • Maximum Term – 24 months
  • Minimum APR –  24 %
  • Maximum APR – 30 %
  • Broker Fee –  2 %

Example :

  • Loan                        R 1 million
  • Term                        3 months
  • APR                          24 %
  • Repayment             R 2 080 000

Subject to lenders Terms and Conditions at time of quote.

Property Equity Release

Equity Release in Property

You can now access up to 50 % of the equity in a UNBONDED residential, commercial property, industrial property or agricultural land  in as little as 10 days.

LOAN CONDITIONS

Existing Bonds–  The property HAS TO BE 100 % UNBONDED
Property Value–  R 2 million or more
Loan Amounts–  Minimum of R 1 million or more
Max. Equity Release    –  50 % of the property value
Repayment Term– 3 months to 24 months
Repayment–  Monthly ‘interest only’ repayments and settlement of the capital at the end of the loan term
Security– First bond registered over the property
Default– Please do not apply if you cannot settle within the loan term agreed
Key Element–  You must be able to demonstrate that the loan can be settled in the agreed term

Choose Which Amount
You Would Like To Apply For

R 2 million to R 5 million Click Here to apply
R 5 million to R 50 million Click Here to apply

What is equity

What is equity : Equity is the “current value less the current bond” or if no bond, then the current value.

EXAMPLE With 10% Bond No Bond
Property Value R2 000 000 R2 000 000
Less Bond R200 000 R0
Equals Equity R1 800 000 R2 000 000
60% of equity available to you R1 080 000 R1 200 000
Equity release plans

Examples of where the release of equity is applicable:

A client has a property that is being renovated or is being built. Cash is needed to complete the project. If completed then the property is worth more than the amount that has been invested in the renovation and so equity release will enable the person to complete the project. The client MUST HAVE a buyer that has lodged securities with the transferring attorney. Property equity release can take place.

A business owns a property (commercial, industrial, residential or agricultural) and needs to access equity quickly to take advantage of some opportunity. Equity finance can be arranged and a cash advance provided in 10 days, using the property as security for the loan granted….as long as there is a guarantee of repayment provided.

A developer has nearly completed a residential or commercial development and needs to release the profit made, before the transfers to new owners take place. An equity loan is ideal.

A cash deposit is needed to secure another loan. A property can be offered as security and a Home equity loan is then provided by release of home equity.

How to release equity

Basic requirements

Adequate security for the loan to be provided such as, permission from first bond holder to take a first bond over the property.

Loan settlement plan needs to be achievable. For example, proceeds due from other activities, policy payout, investment maturing, contract proceeds being paid out etc.

Property bridging facilities are granted to juristic persons i.e. companies / legal entities.  Company details and financials, FICA, property and repayment motivation documents to be presented.

Equity to be approximately double the value of the bridging loan required.

Minimum loan to be R2 Million Maximum almost unlimited !

Longest term of loan is 24 months but ideally 3 to 9 months.

R2 million – R5 million: Click Here to apply
R5 million – R50 million: Click Here to apply

Equity release loans are a quick way to secure finance but the borrower must be able to show the home equity lender that they can settle the loan. Contact us to arrange a quick and effective way to access your property’s equity! No bank delays. Personal service. Quick decisions. Competitive Rates.
Further Information

Equity Release / Property Secured Bridging / Term Loans using Property

Up to 60 % of the residual or “free equity” in a building and up to 30 % in vacant land, can be released to the owner of the property by the registration of a first bond or covering mortgage bond over the property.  Equity is, the value of the property less the outstanding bond and if no bond, then the properties value as determined by the lender.

In current market conditions lenders are however only granting up to 50% of the equity where no other security can be offered and ideally the property should be bond free or not have a bond of more than 10 % of the market value. Eg. Value R2 million, less bond say R200 000, Equity R1 800 000.  Maximum grant would be R900 000 UNLESS the exit plan (repayment of the loan) is very secure.

An Approval in Principle (the first step in this process) takes up to 5 working days to secure. This is very dependent on the availability of supporting documentation.

Conditions :

–  Minimum loan size is

R 1 million.
–  Interest rate 2% to 4.5% per month (subject to change without notice)
–  Once off professional fee of between 2% and 5% .
–  Loans can be settled earlier with no penalties (subject to negotiation)
–  Ideal loan duration is 3 to 9 months. Loans of up to 24 months can be arranged.

General Conditions :

Two very important elements:

  1. Security
  2. Loan Repayment

A. Security

A first bond needs to be registered over the property offered as security. Second bonds are not acceptable so the current bond will have to be settled and this amount will be added to the bridging loan applied for and should be settled by the proposed transactions, profits.

To determine the value of the property offered as security, the credit provider arranges to have the clients property valued. If you have a valuation, please submit for initial desktop assessment.

The client can then use the funds as they feel fit but with the understanding that the loan needs to be settled at a negotiated and agreed to time in the future ( 3 months to 9 months ideally) and interest hs to be serviced monthly.

In addition, the credit providers may  also require additional security in that they will ask that directors:
1. Resign as directors of the entity (in blank) and
2. Subordinate any loan accounts in the company to the lenders
3. Pledge the shares in the company across to the credit provider for the duration of the facility.

It is necessary to keep these documents in the credit providers possession in the event of non-performance on transactions. However, to date, the credit providers have very seldom had to resort to
harsh action to enforce deal conditions, as a result of careful due diligence investigations being conducted.

In order to give comfort to the client  credit providers are willing to sign letters addressed to the client confirming that changes to the company structure will only be effected should the deal run into extreme difficulties and / or only after all means to resolve the situation have been explored and that no other course is possible.

Credit providers are not in the business of taking over businesses or properties as they are pure money lenders and so these measures can be viewed as a last resort.

B. Loan Repayment

The loan repayment proposal is more important than the security. Security is easy to confirm.  Both you and the bridging company need to feel 100 % comfortable that the loan can be settled in the time negotiated. The focus of all equity release applications needs to be the loan settlement proposal. The Security is only used in the event of a default on the loan settlement and no lender ( or client) wants to call in the security to settle the loan, so please focus on providing a clear and concise explanation and proof, of the ability to settle the loan in the future.

Documentation Required

Step 1

Signed Mandate to Proceed / Professional fee agreement (Third Party Payment instruction)

Step 2

  • Name of entity requiring funds
  • Company registration documents
  • Proof of registered, head office and business addresses
  • Income tax clearance certificate
  • VAT Registration number
  • Latest Financial statements
  • Directors/Shareholders copy of ID and FICA requirements
  • Suretyships details i.e. Name, ID, FICA requirements
  • 3 months of latest bank statements
  • An audit certificate of solvency
  • Copy of title deed of property offered as security
  • An independent valuation of the property
  • Copy of the latest rates account
  • Exit strategy  –  a detailed description of how the loan will be paid back
  • Documents/undertakings/business plans/future property sales etc.

Once this has been assessed by the credit committee, a decline or AIP (Approval In Principle)  is issued. The AIP will indicate the “subject to” conditions relating to the loan.

Once all suspensive conditions have been fulfilled and accepted by the credit committee, funds are released to the client. This process should not take more than 10 days ( from when ALL the supporting documents have been presented). It is essential to have all documentation as required, in order for the process to take place quickly and effectively.

Property Sell, Rent, Buy-Back

If you need to release equity from your property quickly, we arrange for an institutional lender to buy your property with you having the first option to buy it back, within 12 months, at the same price plus interest, broker fees and admin costs incurred.

PLEASE NOTE : This product suits bonded properties, in low risk areas, valued at more than R 1 000 000 and where the bond is no more than 35 % of the property value.

    Documentation required :

    • Erf description
    • Copy Title Deed
    • Proof of address
    • 3 months bank statements
    • Credit check authority
    • Marital status confirmation
    • Proof of Income
    • List of all debts over R 10 000
    • Photos of property
    • Latest Bond statement
    • Signed mandate
    • Property owner details
    • Copy ID

    Conditions :

    • Property value: Must be more than R 1 million

    • Bond: NOT MORE THAN 35 % of the property value

    • Vacant Land: Considered if it is PRIME land

    • Maximum transaction: At not more than 50 % of the property value ( at purchasers sole discretion)

    • Buy-Back Option: You will be granted an option to buy your property back with 12 to 24 months

    • Buy-Back Price: Seller and Purchaser to agree

    • Buy-Back Term: Between 12 months to 24 months

    • Renting: You have and option to rent the property

    • Agents Fee: Once-off  3 % to 5 % depending on deal size

    • Transaction Conditions: This is a property transaction and so both purchaser and seller need to agree on the terms of the transaction

    • Loan: This is NOT a loan product. You sell your property and use the funds to do what you need to and the have the option to buy-back the property in the future

    •  

    APPLY NOW

    Advantages

    • Debt consolidation using a bonded property
    • Property equity release to take advantage of an opportunity
    • Use the sale profits as you wish to
    • Settle debt using the property equity
    • Rent to buy property back
    • Stay on in your home
    • You turn property equity into cash – Cash is King.
    • You do not have to move out of your home – no disruption to your life.
    • You can use the money as you wish – no limitations
    • You can buy your property back – life then goes on as it was before selling your property
    • You can settle debt using your property – get your credit profile sorted out.
    • You can take advantage of other opportunities – grow your business

    Sell and Rent Back

    To get cash quick, why not sell your home and rent it back and then when you are ready, you buy back the property. Sell and Rent is also known as Sale and Leaseback and can be applied to any property. We have buyers willing to buy your property, allow you to rent it and give you an option to buy the property back within 12 to 24 months.

    Home Equity Release

    One of the best and quickest ways to get access to the ‘savings’ held in your property is the Sell, Rent, Buy-Back process. This is possible,  even if your credit record is not the best.

    PLEASE NOTE : We are brokers for this product and will submit your information to Third-Parties for assessment and processing.

    If you have a BOND FREE property valued at over R 625 000 AND have a business registered as Trust, (Pty) Ltd or CC , then CLICK HERE for an alternative solution.

     

    Mezzanine Finance – Developers

    This form of bridging is aimed at property developers needing additional or temporary funds to accelerate their projects. The process for this is the same as that of the Equity Release or Property Secured Bridging above but additional information is required

    Documentation required :
    As per Property Secured Bridging above plus Valuation, proof of sales, rights to develop. A full list available on request.

    Conditions :

    • Pre-sales in place (sale agreements concluded in respect of development units available, and be supported by finance deposits or bond grants)
    • Development loan secured
    • Adequate security
    • Developer to have track record of at least two(2) successful developments;
    • First mortgage bond over development property will be needed
    • Value of immovable property tendered as security (as determined by sworn independent valuation), to equal or exceed 125% of total aggregate encumbrances;
    • Applicants to demonstrate feasibility and demand for development;
    • All required rights, permissions and zoning for development, to be obtained and in place and/or status thereof;
    • Payout on registration date of first bond over development property.

    APPLY NOW

    Mezzanine Finance – Commercial

    Commercial Property Finance – 100 % loans
    If you need to release equity from your property quickly, we arrange for an institutional lender to buy your property with you having the first option to buy it back, within 12 months, at the same price plus interest, broker fees and admin costs incurred.

    Documentation required :
    As per Property Secured Bridging above.

    When purchasing a commercial or industrial property, the banks and lenders will normally only provide you 70 % of the purchase price as a loan. You as the buyer must put in at least 30 % of the property purchase price as a deposit.

    Our mezzanine lenders will put in your deposit for a 30 % share of the ‘upside’ profit at year 3 of the loan. At year 3 they wish to exit the loan and so you will have to find an alternative lender to refund the 30 % deposit and also pay them out their 30 % profit share.

    The advantage to you is that if you see a good property but do not have the required bank deposit, you can still buy the property on the OPM basis…Other Peoples Money. You will be 100 % owner and manage the property. Very good for persons that do not have the required funding to go into property investments and have identified good opportunities.

    APPLY NOW

    Home Loans

    HOME LOANS

    Home Loans quick and easy. Get an affordable mortgage bond for your new home now.

    We offer a free service to qualify you for a home bond, any place in South Africa.

    3 Step Application Process :

    • Apply on this website
    • Provide all supporting documents
    • Answer within 48 hours

    Home loans eligibility is about applying for and doing an assessment of affordability, to see if you meet lenders lending criteria.

    Apply now for a no obligation house loan

    APPLY NOW

    and an expert will contact you for a No Obligation discussion, on how to get access to what is rightfully and legal yours.

    Loans against Movable Assets

    Loans against Movable Assets

    Get a quick, easy loan using your Jewellery, Art, Vehicles, Boats, Antiques and other loose assets, as security for a cash loan. One day approval and payout.

    Convert assets into cash

     Have you asked yourself: Can I get a loan against my car or can I borrow money against my boat, art, jewellery or antiques? The answer is YES, you can.

    Need cash fast ? Use your gold or diamonds and other paid-up household or business valuables, as security for a cash advance.

    Get a loan against your assets, by lodging them with a lender as collateral and get your goods back when you repay the loan.

    Secure a quick cash loan, by using assets like trucks, yachts, equipment and stock as security.

    Loans against art, watches vehicles and most personal valuables, online here and now !

    CASH FOR YOUR VALUABLES

    It takes just one day to get a loan against:

    APPLY NOW

    Cars
    Trucks
    Motorbikes
    Jewellery
    Gold
    Diamonds
    Watches
    Art
    Yachts and Boats
    Machines
    Aircraft
    Other – Ask Us.

    Costs
    5 % per month plus 1,5 % Initiation fee.

    Duration
    Generally 3-6 months

    How it Works :

    Apply here

    Receive quote

    Lodge item

    Receive money

    Settle loan

    Get asset back

     

    Unlock cash, quick and easy, with loans against assets

     

    Loan Conditions
    Loan Term: Ideally 3 month to 6 months
    Minimum Loan: R 50 000
    Maximum Loan: R 1 500 000
    Interest: 5 % per month
    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
    Early Settlement: No extra charge
    Loan Renewal: By Negotiation with the lender
    Documents required
    • Your ID
    • Proof of residence
    • Proof of employment/income
    • Proof of ownership.
    • Where vehicles are provided as security, the registration documents are required, and transfer of ownership papers signed by you (transfer would take place only in the event of a default).
    • Insurance Policies used as security need to be ceded to the lender.

    Cost Schedule

    • Minimum Term – 3 months
    • Maximum Term – 12 months
    • Minimum APR – 120 %
    • Maximum APR – 150 %

    Example :

    • Loan                        R 100 000
    • Term                        3 months
    • APR                          36 %
    • Repayment             R 136 000

    Subject to lenders Terms and Conditions at time of quote.

    FREQUENTLY ASKED QUESTIONS

    What assets can I use?
    Cars, Trucks, Boats, Yachts, Jewellery, Gold, Diamonds, Art, Watches, Antiques and others (ask us)
    How much will you lend to me?
    Up to 70 % of the asset value.
    What are the costs?
    5 % per month, of the outstanding balance
    Are loans renewable?
    Yes on certain conditions such as: Are repayments are up to date and the asset has not lost value? If the item has lost value then the new loan will be reassessed.
    Can I use the asset while I have the loan?
    No. The asset is used as security against the loan
    How quick can I get my money?
    It should not take more than a 1 day
    How long is the loan period?
    From 3 months to 6 months but can be shorter or longer
    Early settlement penalties?
    There are no early settlement penalties.
    Where are my assets kept?
    In a safe and secure, off-site location.

    Why use asset back lending?

    Formal Funding: It is not easy to secure funding from formal lending institutions these days. It also takes time and no one has luxury of time. So this is where private lending businesses can assist.

    Private Loans: Private lenders assess the value of commodities and goods very quickly and so make quick decisions on the amount they can lend clients, against the product offered as security. It normally take a day to pay out the loan.

    How the money is used: Asset backed lenders, do not concern themselves with what you will do with the money. They are only concerned about their security, so the item offered as collateral must belong to the person offering it as security and is paid-for.

    Risk: There is no risk to the borrower as long as he or she pays the loan and interest back, in the time agreed to and within the terms of the loan agreement.

    Costs: The cost of these bridging loans is higher than formal bank loans but they suit some circumstances, where a client can make enough profit to cover the cost of the bridging finance.

    Apply now for a quick and free assessment.

    Medical Negligence Claims

    Medical Negligence Claims

    Need to make a medical negligence claim ?

    We can refer you to the best specialist medical claims attorneys,to get what you deserve.
    We can also arrange loans against approved negligence claims.
    Medical doctors have insurance that covers them for situations where there has been an error in judgement, omission, negligence or their actions fall short of the standards that are required in a medical matter, you have a right to claim medical compensation.
    Do you need to sue doctor for malpractice, clinical negligence or professional negligence and need a medical negligence lawyer, then contact us for no obligation information.
    Medical malpractice and hospital negligence is very real in South African state hospitals.
    No need to do sue your doctor on your own.……let qualified medical doctors, specialists and medical attorneys, fight your claim for you.Get what you deserve !

    What can you claim for ?
    Clinical Medical Claims include a wide variety of claims such as ranging from :Birth injuries, Surgical mistakes, Incorrect Medication, Neonatal Birth Injuries, Neurological Errors, injuries to nerves,eye surgery mistakes, hypoxic brain damage, orthopaedic injuries, poor surgical procedures and many others.
    To get access to the best medical attorneys in South Africa, fill in the APPLY NOW form on this webpage.

    The process :

    1. Fill in the Apply Now form on this page
    2. We will send a short application form
    3. Fill it in and send back to us
    4. We will then make contact to assist you

     

    Other Claims :
    RAF Claims : Get the best lawyer to handle your Road Accident Claim.  APPLY HERE
    RAF loans : We can also provide loans to clients whose claims are settled.  APPLY HERE 
    Train Accident Claims : Get the best advice on how to claim for your train accident injuries.  APPLY HERE

    * indicates required field