Business Finance

Types of Business Finance

There are two main elements which apply to secured bridging loans and bridging finance:

  1. Security: If things go wrong (for whatever reason) the bridging company does not want to lose and so will recover its loan from the security offered by you. There needs to be a clear indication of what is offered as security.
  2. Repayment: In order to enter into an arrangement and advance funds, a bridging finance company will need to be convinced that the “exit strategy” (loan settlement) is secure. Your loan settlement proposal needs to be clear on how the loan will be settled (from what source)

The above does not apply to certain unsecured loans, various other guarantees and litigation funding.

Please submit an online enquiry form by carefully selecting the solution that best fits your needs and one of our specialist Service Providers will make contact with you to provide advice, quotes and information.

If you see more than one potential solution offered, please submit an additional application form, for each solution that applies to your circumstances.

If no response received within 2 working days, it is highly likely that they cannot assist you. If we do have an alternative solution, we will let you know. If we do not contact you, then we are unfortunately unable to assist further.


Body Corporate Finance

Sectional Title Body Corporates can now access finance for special projects by getting an advance on arrears levies.

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Business Loan (Unsecured)

      • Business loans for EXISTING business that are older than 1 year.
      • Business funding from R 50 000 to R 2,5 million.
      • Unsecured business finance, for small and medium businesses.
      • Small business loans and commercial loans fast and easy.

Loan Conditions

Loan Term: 6 months ( 26 weeks )
Minimum Loan: R 50 000
Maximum Loan: R 2 500 000
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

Loan Requirements

Management Accounts: Monthly management accounts required
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

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.

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Cash Loan

If you require a business loan of less than R150 000, why not apply for a personal loan.

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Debtors Discounting and Factoring

If your debtors book is growing too big too quick, or you feel that the management of the debtors is getting out of control, or you want to improve your cashflow, then why not think of handing your debtors book over to a professional management company who will take full control, under your guidance, of the collections of all your outstanding debtors…..and leave you to focus on other more important aspects of your business.

NOTE : No loans less than R 1 million

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Import Bridging Finance

So you have orders and need money to raise a Letter of Credit to import the goods? Our Bank Guarantee associates can set up a facility on your behalf, out of which you may issue Letters of Credit, SBLC’s, MT 760’s to your suppliers as and when required.

NOTE Only deals of R 1 million or more.

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Grants - Government

The SA government offers grants (up to 30 % tax free) and incentive schemes for the tourism and manufacturing industry as well as IT and some other specialist fields. We can assist in accessing these non-repayable grants.

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Letters of Credit

If you do not wish to use your own line of credit at your own bank, or where your own bank will not provide the facility to you, our specialist service providers can provide the trade facility for you to conduct your export or import business.

Apply Now


Litigation Funding and Legal Loans

Litigation funding enables creditors to mitigate or share their risk on collection of large debts, litigation, court cases and / or monetize their legal claims, awards and judgments.

Claims that have been awarded by the courts, have judgments issued or have a good chance of collection, can be funded, co-funded, ceded, assigned or sold to a pool of private investors.

Most of the investors offer world-wide non-recourse ‘investments’, in cases where there are contentious legal matters and funding is needed and the chance of recover or and award is reasonable to good.

Investments ( claims ) range from USD 1 million and there is no limit, can be in any jurisdiction, may arise out of any contract, statute, treaty or tort and can be at any stage of a dispute ( before, during and after litigation, judgments or awards).

Services offered :

      • Sale, cession or assignment of claims, judgments and awards
      • Securing of funding to cover costs of legal recovery. Litigation funding
      • Investor assessment of claims and comparison of Expressions of Interest
      • Communication with various world wide investors

Apply Now


Standby Letters of Credit and Bank Guarantees

Our service providers offer 100% cash-backed Standby Letters of Credit, also referred to as Bank Guarantees, issued out of highly accredited international banks.

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Trade Finance and Inventory Finance

Have you secured a deal involving ongoing transactions and have official order/s from your client BUT cannot execute this deal due to lack of funds? Let us show you how we can assist with bridging finance. Audited financials on your business are essential to do assessment.

NOTE : No loans less than R1 million.

Apply Now

Tax Deductions

Get a tax deduction of 45 % ( individual or trust ) and 28 % ( company ) if you are buying or investing more than R 3 million in :

  • Movable Assets – motor vehicles, mining, manufacturing, renewable energy equipment etc etc
  • Hospitality Property  – B&B’s Lodges Hotels Student Residences
  • Franchise Business  – franchisees and franchisors
  • Renewable Energy Projects – small or big can benefit
  • Mining Businesses – up to R 500 million investments

This is a once- off SARS approved Tax Deduction, that is granted in the year of investment / purchase of the qualifying asset.

Terms and Conditions Apply

For more info APPLY HERE  Redirect to

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Property Equity Release Finance

Unlock equity from a commercial, industrial or residential property within 10 days.

Minimum Conditions

      • Minimum R 250 000 loan – no maximum
      • Property to be un-bonded
      • Equity minimum – R 500 000
      • Clear loan repayment motivation essential
      • Repayment within 24 months
      • Borrower must be a legal entity

CAREFULLY select the loan amount below. A wrong selection will result in an immediate decline :

R 250 000 to R 2 million Apply Now
R 2 million to R 5 million Apply Now
R 5 million to R 50 million Apply Now

 


Property Secured Finance

Unlock equity from a commercial, industrial or residential property within 10 days.

Minimum Conditions

      • Minimum R 250 000 loan – no maximum
      • Property to be un-bonded
      • Equity minimum – R 500 000
      • Clear loan repayment motivation essential
      • Repayment within 24 months
      • Borrower must be a legal entity

CAREFULLY select the loan amount below. A wrong selection will result in an immediate decline :

R 250 000 to R 2 million Apply Now
R 2 million to R 5 million Apply Now
R 5 million to R 50 million Apply Now

 

 

Please kindly select a specific finance solution and submit the relevant online form, for assistance. Thank you

 

FAQ

How do I apply :
Please fill in the No Obligation enquiry form on this site for further information

How do I get feedback :
All feedback from us is by email. Please communicate with us by email.

May I submit more than one application
Yes, if you feel that the alternative solution/s applies to your financing need.

Who gives me the loan :
We have various lenders that offer different financing solutions. Some are JV partners, some are independent businesses some are institutional lenders. We try to find the right solution and company to assist you. In the end we believe that you are interested in finding a funding solution as quickly as possible and that is what we focus on. You may therefore be contacted by our associates.

What are the costs :
Each type of Bridging loan has a different cost structure. The lender/s will discuss costs with you once you have submitted the online enquiry form.

How long does it take :
Some loans like Pension Bridging and Sellers Proceeds take 24 hours from when all docs are signed and credit has approved. Others like property Equity Release can take 10 working days or longer. Mezzanine Finance can take two weeks or more.

Will I be approved :
This is always a difficult question to answer without all the facts. It is best to present all the facts as per our checklists, so that a quick assessment can be made.

Will an ITC check be done :
Yes, the first step in all applications is to do a Credit Bureau search.

If I am blacklisted can I get a bridging loan :
This is not a reason for an automatic decline BUT it does not make loan approvals easy to secure. The nature of the bureau listing will be considered and approval is at the sole discretion of the lender.

If I am declined is that the end :
Some products have alternative solutions so ask our consultant to see if another way is possible?

If I do not pay back the loan what happens :
Listings at bureaus, legal costs, eviction, financial sanctions etc are serious matters.
Please do not even consider entering into a loan agreement if you are not convinced you can pay it back.