Power Your Fleet Without Tying Up Assets
Unlock the working capital your logistics business needs quickly and easily, without requiring your valuable fleet or property as upfront collateral.
All we need from you? 6 months bank statements to assess your application!
Loan Conditions
Loan Term: From 2 month to 6 months options
Minimum Loan: R 50 000
Maximum Loan: R 6 000 000
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
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
Boost your logistics business with our quick business loans
The South African logistics sector is the backbone of many industries, constantly on the move to meet demand. However, the dynamic nature of logistics often presents unique financial challenges, from unexpected vehicle repairs and fuel cost fluctuations to the need to seize new contracts or expand operational capacity rapidly.
Traditional funding methods can be slow and often require significant assets – like your trucks and warehouses – to be tied up as security, potentially limiting your flexibility and growth potential. This is where unsecured business loans offer a powerful alternative, providing the vital cash injection you need based on the strength and cash flow of your business, not just your fixed assets.
Use your business loan for…
Managing Fuel and Operational Costs
The fluctuating price of fuel and ongoing operational expenses like tolls, permits, and routine maintenance can significantly impact cash flow. Unsecured loans can provide quick access to funds to cover these critical short-term costs and ensure your fleet stays operational.
Urgent Vehicle Repairs and Maintenance
Unexpected breakdowns can lead to costly downtime. Unsecured funding allows logistics companies to promptly pay for urgent repairs or essential maintenance, getting vehicles back on the road quickly and minimizing disruptions to service.
Purchasing Smaller Equipment or Technology
While not suitable for financing entire fleets, unsecured loans can fund the acquisition of smaller, essential equipment like tracking systems, communication devices, or specialized loading gear, improving efficiency and service delivery.
Bridging Gaps in Payments
Logistics businesses often face delays between completing deliveries and receiving payment from clients. Unsecured loans can bridge these temporary cash flow gaps, ensuring you can pay drivers, suppliers, and other overheads on time while waiting for invoices to be settled.
You qualify for funding if…
Your business has been trading for 12 months
You have made over R1 million in sales over the past year
You've got 6 months bank statements ready to submit
You are NOT a start-up - in other words you have a proven track record and order book older than 1 year.
How does a business loan work?
Accessing unsecured business funding for your logistics company is designed to be a streamlined and efficient process:
- Easy Online Application: The process begins with a simple and convenient online application. You’ll provide key information about your logistics business through a secure digital platform, saving you time and effort compared to traditional paperwork.
- Swift Assessment and Contact: Once your application is submitted, it undergoes a rapid assessment. A vendor representative will then contact you promptly to discuss your specific funding needs and guide you through the subsequent steps.
- Submission of Supporting Documents: To evaluate your application, you will be asked to submit supporting documents. These typically include recent financial statements and bank statements, which provide the lender with insight into your business’s financial health, revenue streams, and ability to manage repayments.
- Fast Approval: Leveraging efficient processes and technology, a credit decision can be reached quickly. In many cases, approval for your unsecured business loan can be granted in as little as 24 hours, ensuring you get access to funds when you need them most to keep your logistics operations running smoothly.
How repayments work
Business loan repayments typically involve making regular installments over a specified period. These installments are designed to pay off both the principal amount borrowed and the interest accrued on the loan.
Repayment Schedules:
- Fixed Installments: The most common repayment schedule involves fixed weekly payments over 26 weeks. This means you’ll pay the same amount each time. See cost schedule above for more information.
Early Settlement:
You can opt to pay off the loan balance in full before the scheduled maturity date. There is NO peanlty fee for early settlement.
Late Payments:
If you miss a loan payment or make a late payment, you may be subject to late fees and penalties. These can increase the overall cost of the loan.
Default:
If you fail to make your loan payments for an extended period, you may be considered in default. This can have serious consequences, including legal action, damage to your credit score, and potential loss of business assets.
It’s important to understand the repayment terms of your loan and plan accordingly. Consider factors like your business’s cash flow, expected income, and any potential fluctuations in your industry when budgeting for loan repayments. If you’re having trouble making payments, it’s advisable to contact your lender as soon as possible to discuss possible solutions, such as restructuring the loan.
FAQs
What exactly is an unsecured business loan for a logistics company?
An unsecured business loan provides funding based on your logistics business’s financial performance and creditworthiness, rather than requiring specific assets like trucks, trailers, or warehouse property as collateral.
Why would a logistics business choose an unsecured loan over a secured loan?
Unsecured loans offer faster access to funds and don’t tie up your essential operational assets. This provides greater flexibility, especially for short-term needs, unexpected expenses, or quickly capitalizing on new business opportunities without the lengthy process associated with valuing and securing assets.
How quickly can I get approval for an unsecured loan for my logistics business?
The online application and streamlined assessment process mean that approval can often be granted in as little as 24 hours, allowing you to quickly access the capital your logistics business requires.
What can I use the funds from an unsecured business loan for in my logistics operations?
The funds can be used for a variety of purposes, such as covering fuel and maintenance costs, managing short-term cash flow gaps, purchasing smaller essential equipment or technology, or investing in marketing to secure new logistics contracts.
What kind of documentation will I need to provide?
You will need to submit 6 months bank statements to allow the lender to assess your business’s financial standing and repayment capacity.
Are there limitations on the loan amount for unsecured business loans in logistics?
While amounts can vary, unsecured business loans for logistics in South Africa can commonly provide funding up to R6 million, suitable for addressing a range of short to medium-term financial requirements.
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Please select how much your business has turned over in sales in the last 12 months.
