We offer access to dozens of Finance Products, here are a few examples
Property Backed Loan
Cash Flow Facility (Revolving Amount)
Property Backed Financing
Loan (fixed repayment)
Loan (revolving facility)
Purchase Order Finance
Supply Chain Finance
Letter of Credit Finance
If you know what you want, CLICK HERE TO APPLY
If you are uncertain of what Finance Products are best for you, CLICK HERE TO APPLY and there will be space for you to tell us what your challenges are, and we will do the hard work for you.
Customer Financing, Invoice Financing and Factoring
You sell on credit terms between 30 and 60 days from invoice, from month end, or similar credit terms.
This means you have good paying customers that will only be paying you in 30 days times, 60 days time or even up to 90 days past invoice date.
You can covert these good paying customers into ‘cash customers’ by having a Funder pay you 75% of the current debtors book & then new invoices once you have delivered the goods or completed the service, and your customer has signed the Proof of Delivery, service note, or similar document.
The balance of 25% is paid to you once the customers settles the invoices.
Two types of Customer Financing:
You are paid the 75% and you continue to do all collections of the Debtors Book. The Funder has no control on how well the Debtors Book is being collected and no sight of how well the Debtors Book is ‘ageing’.
Due to the limited access to the Debtors Book, the perceived risk a Funder has is higher, and therefore the financing costs are higher too.
Typical costing is around 3.5% to 6% a month, depending on how strong your customer base is.
You are paid the 75% and the Funder provides a service to collect the monthly Debtors Book. The Funder has increased control on how well the Debtors Book is being collected and has sight of how well the Debtors Book is ‘ageing’.
Due to the increased access to the Debtors Book, the perceived risk a Funder has is lower, and therefore the financing costs are lower too.
Typical costing is around 3% to 3.5% a month, depending on how strong your customer base is.
This allows you to release equity / money tied up in a property. This saves you tens of thousands in estate agency fees and saves you loss of future value growth in the property.
The Lender will settle any outstanding bond and give you between 50% and 80% of the valuation value once they have registered their security bond, as either a fixed business loan or a revolving business loan.
A fixed loan is normally repayable between 3 years and 7 years. A revolving loan means you only repay the interest on what you used that month.
Examples: Property Valuation of R2m, and a R300k outstanding loan.
R2m x 80% = total loan of R1,6m.
R300k paid to bank to settle loan, and R1.3m paid to you.
Full usage of the R1.6m for a month = R24,000 per month
*Remember, you only pay for what you use every month.
5 year loan could typically work out to be cR38.900 a month
A fixed rate loan is a form of credit issued by a Lender that provides a fixed repayment amount over an agreed period i.e. R10,000 per month for 12 months to repay a loan. Borrowers can predict their future payments with accuracy since the payments are fixed.
A revolving loan is a form of credit issued by a Lender that provides you with the ability to draw down or withdraw, repay, and withdraw again. You only pay for what you have used that month. A revolving loan is considered a flexible tool due to its repayment and re-borrowing accommodations.
Revolving Loans have a slightly higher interest rate due to its increased flexibility.
We come out of the stables of HSBC, Venture Finance Plc, and Transaction Capital Plc, as part of our history. Our focus has always been the Business Community that requires between R50,000 to R250 million.
Our role is simple: Complete a free initial assessment of your application. Then link your application to the right Funders in the market place. Once an application is approved, we link you and the Funder to complete the paperwork so that you get your money.
Why We Exist
We are a business intermediary, that is to say… we bridge the gap between Businesses in South Africa who aren’t able to get the right finance from the Traditional Banks (for whatever reason), and our funding partners.
We exist to bring financial strength to the business community by linking Funders to business that need increased Funding.
My Application is assessed by a Credit Manager who can give me feedback as to the strengths and challenges of my Application for Funding and the relationships between Funders and Beyond Banks across South Africa makes it easier and more effective for the access the funds I need.
Why Choose Us
Funders are very specific, and gone are the days when everyone is fighting for your business. Covid showed Funders that the risk they take in lending money to businesses can mean big losses for them, and they aren’t giving money to businesses as easily as they were in the past.
Each Funder has their own specific likes and don’t likes: by industry, sale terms of credit or cash, types of customers, size of my business, and the strength or challenges of my Balance Sheet are just some of the specifics each Funder is looking at differently.
Some Funders like that I sell on Credit Terms, others only want to deal with me if I sell on a Cash Basis. Other Funders want me to have only a South African or African customer base, while others are comfortable with me having and international spread of customers / suppliers.
Some Funders want my personal Balance Sheet to be strong before they lend Funds to my business, and other Funders are looking almost exclusively at the Asset that is securing the Funds being lent to me. It’s all quite frustrating and… unless I know which Funders to go to, I am going to waste a lot of time, time that I could rather spend growing my business.
Other Funders look at the Business Assets on my Balance Sheet (and my personal Balance Sheet strength) and lend against the perceived value of these Balance Sheet Assets, and a few will even look at my Off Balance Sheet Assets that may still hold Market Value and lend against these assets. The list and combination of Assets / Balance Sheet of who does what, and how they do the assessment of my Application is a labyrinth… and this is where the skills, experience and relationship of Beyond Banks benefits me.
Beyond Banks look at my Application and place it with specific Funders who have a good chance of approving my application, that’s the end goal… right!