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

Reality Check

Bear in mind that any Assets that you may value, is valued with a different mindset by any Funder. You may value the Asset based on the perceived Market Value if you sold the Asset on the Open Market.

 

We want to help you not have to sell the Asset, and rather hold onto it by leveraging the Asset against a Facility, still using the Asset, and growing your business. The Funder will grant between 90% and 40% of the actual Market Value as Facility… depending on the strength of the Asset.

Funders want to know two things:

  1. In the normal course of business, am I going to get paid the money I have lent out, and
  2. If things go pear-shaped, how do I recoup my losses.
  • Funders are in business, the same as you. They want to make a little profit, the same as you. The cost they have to take on in borrowing the money from the big lenders isn’t cheap, because they are forward-lending to businesses who don’t fit the traditional banks lending criteria… otherwise you wouldn’t be reading this, and would have been approved for the right amount at your bank.
  • We are very good at what we do, however we are not miracle workers. Not all applications are approved and the more information you provide to us, the better chance of an Approval.
  • Shareholders will need to sign Surety for all Facilities. If you want a Funder to give you their money and trust that you will use the Funding smartly, then the Funders will want you to trust in your business and business decisions as well.
  • Should your company have ownership by a Trust, the Trust might need to sign Surety as well. Our experience is this only happens if the business does not have a strong Balance Sheet.
  • If you are married Community of Property, your spouse will need to be made aware that you are signing surety. This is a legal requirement.
  • If you hide things from us and don’t disclose all relevant information, there is a good chance it will adversely affect you. We make our money when your Facility becomes available to you.
  • Bear in mind that any Assets that you may value, is valued with a different mindset by any Funder. You may value the Asset based on the perceived Market Value if you sold the Asset on the Open Market. We want to help you not have to sell the Asset, and rather hold onto it by leveraging the Asset against a Facility, still using the Asset, and growing your business. The Funder will grant between 90% and 40% of the actual Market Value as Facility… depending on the strength of the Asset.
 
 

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