Once we have your application and all supporting docs a Credit Analyst reviews this and will either ask for additional docs (when required) or will arrange for a Credit Interview where you meet directly with our Credit Committee. It’s here that rubber really meets the road.
We don’t ask for business plans as we believe that by making the effort and time to understand you and your business we are in a better position to make a credit decision. In this interview we really get to understand how your business works, its strengths, challenges and if our finance can help it grow.
3. If you qualify and have all your docs ready to apply then go ahead and complete our online application form (you can save & continue this at any time).
We also offer an offline application where you talk directly with us throughout the process should you prefer.
4. As we don’t believe in requesting business plans – the interview with the entrepreneur allows us to get an appreciation for their business model, strategies and vision. This happens either in-person or via a Skype video call.
5. Once our compliance team checks that all the paperwork is good-to-go then we proceed to pay-out. Pay-out is usually same/next day [for working capital finance].
Min and max amounts
Generally we prefer to finance amounts from R1M at the lower end to R25 million at the top for routine & run of the mill needs
However, as an exception, we can consider amounts above R25 million for more structured/specialised needs – we even do larger amounts than this using revolving finance facilities and custom built finance solutions
What you will need …
Completed & Signed application form
Last two years sets of Annual Financial Statements (AFS)
Latest Management or Internal Accounts
Last 3 months bank statements
Debtors & Creditors Analysis
Personal Assets & Liabilities (of all shareholders)