How it works
A Credit Analyst will assess your info. If there are any concerns or clarity/context required then they will contact you – to assist in moving your finance application to the next step.
Usually 24-72hrs, depending on your availability.
We do financing that backs entrepreneurs. That means backing you – ‘the jockey’.
This is a critical part for 2 reasons:
- The financial/business info for an SME is often insufficient to justify the financing. So we need to draw alternate comfort by meeting the entrepreneur.
- 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.
Once approved the Finance Term Sheet, finance agreement and related docs are sent to you for electronic signing on your mobile or laptop.
You will also need to email us relevant compliance docs [e.g. FICA, Company docs, etc.] to fulfil any approval conditions.
Usually very quick, but depends on your responsiveness.
Once our compliance people check 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].
- Generally we prefer to finance amounts from R500 000 at the lower end to R5 million at the top for routine & run of the mill needs
- However, as an exception, we can consider amounts above R5 million for more structured/specialised needs
Completed & Signed application form
Last two years sets of Annual Financial Statements (AFS)
Latest Management Accounts
Last 3 months bank statements
Debtors & Creditors Analysis
Personal Assets & Liabilities (of all shareholders)
Overdraft facility agreement (if applicable)
We get you. We back you. Fast.