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Business Loans
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General Details
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Description
- There are NO upfront payments required. You only start paying after you have received the full loan amount in your company bank account
- There are NO hidden costs such as application fees etc
- Our fee ranges between 6% and 25% of the loan amount, depending on the term of the loan and the risk profile of the business
- The loan term is a maximum of 8 months subject to certain conditions.
- The standard loan is repayable in equal weekly instalments
- Monthly instalments are available for qualifying businesses, dependent on one s cash flow
- Early settlement discounts of up to 75% are available
- We make really fast decisions based on you businesses performance with the help of sophisticated technology. This allows you to respond to every opportunity that comes your way as a business. No red tape, no queues, no hassle. A simple yes or no within hours of applying
We know that the biggest challenge to all small and medium-sized businesses is access to finance. Whilst we wish we could assist everyone, we have an obligation towards you, to loan responsibly and with discretion. Our pre-qualifying criteria assists us with this.
- You need to have a registered business that has been trading for at least 1 year. (Start-ups do not qualify).
- A minimum annual turnover of R1 million (or R85 000 p/m).
Documents required:
- Latest 6-months bank statements of your business
- A Pollen application form (we will provide this to you for your signature)
If preliminary approval has been granted, based on our system’s assessment of your business cash flow, a few more legal documents will be requested.
Id Subtitle 1295659446
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TaxPrac
Selling for 13+ years
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