I want something else

We offer access to dozens of Finance Products, here are a few examples
Unsecured Loan Property Backed Loan Cash Flow Facility (Revolving Amount)
Rental finance Contract Finance Debtor Financing
Creditor Financing Property Backed Financing Management Buy-Out
Bridging Finance Import Finance Trade Finance
Freight Finance Invoice Discounting Overdraft
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:
Choice 1:

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.

Choice 2

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.

Property Refinancing:

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.

Revolving Loan
Full usage of the R1.6m for a month = R24,000 per month

*Remember, you only pay for what you use every month.

Fixed Loan
5 year loan could typically work out to be cR38.900 a month

CLICK HERE TO APPLY

Business Loan : R100,000 to R5m

Fixed Term Loan

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.

Or

Revolving Loan:

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.


CLICK HERE TO SEE WHAT YOU QUALIFY FOR

Beyond Banks

Here Are Five Good Reasons Why You Should Consider Obtaining a Business Loan.

business loan south africa

Increased business funding may offer you the money you need to satisfy a range of demands, from paying unforeseen bills to funding growth initiatives and everything in between. We have access to a variety of loan programs from which to pick,and they are all designed to do one thing: assist you in accomplishing your business objectives.

Leveraging assets in your company does, however, involve taking on more debt. In order to calculate the possible return on your investment, it is necessary to have an accurate understanding of the total amount of interest and fees you will be required to pay. There are several scenarios in which you could find it beneficial to borrow money for your company.

To Increase the Scope of Operations

 

If you own a typical brick-and-mortar company, moving your operations to a new location may enable you to scale up your operations and bring in a greater amount of money. In such an instance, you could find it necessary to look into getting a loan for your real estate firm in order to purchase or construct new business premises.

When a company demonstrates that it is making a profit, has a cash flow that is growing, and has solid forecasting statistics for the future, banks are more likely to look favorably on loan applications for Property. When banks lend money for Property, the debt is often structured as a mortgage.

Long-term bank loans will make use of the company’s assets as security and will need payments from the company’s earnings or cash flow on a monthly or quarterly basis. The loan duration might range anywhere from three to 10 years, and there will be an interest rate that is related to the repayment of the loan.

To Replace or Upgrade Equipment

 

When it comes to buying equipment, you will normally have two options available to you: buying and leasing. In certain circumstances, purchasing the equipment outright may be more advantageous than entering into a lease agreement; however, this is not always the case.

If you run a company that is dependent on specialized machinery, applying for a business loan may assist you in either replacing that machinery in the event that it becomes obsolete or purchasing essential pieces of machinery that your company may be missing.

When the machinery you purchase for your company is no longer up to date or useful, you may recoup some of your investment by selling it for its scrap metal value. To establish if it is more beneficial for a certain organization to purchase or lease equipment, a cost-benefit analysis must first be conducted.

In Order to Acquire Inventory

 

Keeping inventory is an expenditure that must be incurred while operating a company that sells tangible goods. You might need to make a large purchase in advance of the busy season, or you might stumble across inventory that is being sold at a lower price than usual. In either scenario,increased business funding for your company may assist you in maintaining a well-stocked inventory of goods.

In such a scenario, you may want to investigate your choices for obtaining loans for a limited period of time. These are loans that are often paid back in a period of time that is much shorter than one year or based on a revolving facility. Banks can sometimes be slow to understand your needs and the application can be frustrating.

In Order to Improve Cash Flow

 

Working capital is the money that is required to run a business on a day-to-day basis, and it is an essential component in the process of preserving a positive cash flow. Loans may be obtained by smaller businesses in order to cover their operating expenses before they achieve a certain level of revenue. A bank loan may provide a source of short-term funding for a business to get off the ground and develop in the near term, provided that the debtor has strong credit and a sound business strategy.

Banks generally charge a higher interest rate for working capital loans than they do for real estate loans because they view these loans as being riskier. If the company is mismanaged at a crucial time during its infancy, or if the earning assets of the company never generate a profit, the company will be forced into bankruptcy. Working capital loans generally have a higher interest rate than real estate loans.

To Recruit and Educate New Employees

 

When it comes to the seamless operation of your company, having the appropriate amount of staff on hand is often essential, and this is particularly true during the busier times of the year, such as the summer and the winter holidays. The ability to recruit more employees, train them, and meet the additional payroll expenditures may all be made possible via the use of small business loans.

It’s possible that a loan with a shorter duration might be better suitable for this kind of financial requirement. For instance, if you want to hire seasonal workers, you may secure a loan with a duration of six months and then pay it off with the money you get from seasonal sales.

You might utilize the money from a company loan to provide incentives to your current employees, which will help you keep them. For instance, you might take out a loan to support a corporate retreat for the purpose of enhancing employee training and fostering communication while also providing your workforce with an opportunity to unwind and enjoy themselves. The investment will pay off when those workers go back to work feeling energized and inspired, with a business commitment to remaining with the company for the foreseeable future.


Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /home/beyondbanksco/public_html/wp-includes/functions.php on line 5349

Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /home/beyondbanksco/public_html/wp-includes/functions.php on line 5349