Borrowers Application
Typical Loan Terms
- Loan Amount: R250K - R15M
- Initiation Fee: 1% +VAT
- Fee: We charge a monthly fee which is equivalent to around prime +1.5%
- Security Required: Asset pledge or any other form of acceptable security
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Loan Terms: Matched to funding uses but limited to 5 years
Fixed property loans limited to 10 years
Minimum Funding Criteria
- 51% or more black-owned companies
- EME / QSE’s (less than R50m annual turnover)
- With a turnover of R1m or more
- At least a 3 or more year track record
- Borrowing for your existing business only
What we don’t fund
- Cash in – cash out transactions
- Investments in liquor and tobacco related industries
- Illicit markets
- Start ups and companies with less than 3 years operational track record