About Business Loans
Business-loans are willing to help you and your business grow by taking it to the next level! If your turnover is over R1 million per year, then you’re at the right place. If it’s fast you want, it’s fast, you’ll get.
Securing a business loan through us is simple. You just need to own an existing business and have owned this business for a minimum of one year. Trading should also have been at the same premises for at least one year.
A few other things you’re required to know:
- You’ll need to have proof or regular transactions going through your banking accounts highlighting your cash flow
- You’ll need to have a clean and a healthy credit record, however, should it not be the ideal record, we can still review it before approval
- Your business must turn a profit. If you’re just breaking even or a struggling somewhat to pull a decent profit, apply anyway and we’ll see about resolving that
- Collateral isn’t required and we feel that’s important for you to know
- Your repayment terms will either be daily or weekly and processed via debit order and will be over a period of 3 to 12 months
- Any business type can apply and can use the money for anything within the business provided it is legal
- We are at risk with loaning you the funds, therefore it should be known that we will take legal action if we so require due to repeat non-payment
We don’t call for any deposit for your unsecured loan. Once the credit loan is proposed and agreed upon, the funds will be transferred into your bank account.
After that, you will repay the loan in terms of the agreement that you have signed until the loan is completely settled.
Business Loans Services
Funding for small businesses isn’t always easy to obtain, especially when it’s unsecured.
That is why we designed a solution that would offer it! If you’re a South African who requires small business funding, you can apply through us and have the finance you require to help develop and grow your business.
Business-loans offers you quick unsecured business loans
Short-term loans range from R 50 000 to R1 million and can be obtained in as little as 3 days from the date of application! Furthermore, we don’t require any security for this loan.
Should your business require new equipment, a revamp or even to expand – which is great news s this means your business is already growing, then you can contact us for finance.
Finance on business loans
What you’ll need to do is furnish us with bank statements once the loan manager has made contact with you regarding your business loan. The main thing is that you have a good and steady cash flow going through your account. Strong cash flows are always an advantage for finance on business loans.
Business-loans has access to a stream of sources when it comes to financing for your business. No matter the reason for the loan or the type of business you have, we can offer you a solution!
The application process is simple!
Simply submit the loan application online and a Loan Manager will make contact with you. Furnish us with the 6-month statements and a completed and signed form and an assessment are done.
Business Loans Product Details
- Loan Type Business loans
- Interest Rate from 4.17%
- Loan Amount up to R1,500,000
- Repayment 3 months to 12 months
Summary of Services
- Unsecured business loans
Business Loans - we will help you grow your business
Does your business need a loan? Let us help you!
First of all, it’s important that we disclose that we cannot help with start-up businesses, however, if you’ve been trading for more than a year at the same premises and turn over a million rand per annum, you most certainly meet the criteria to apply! If your business is under debt review or bankrupt, you are also unable to apply for a loan through us.
Personal maximum loan amounts
The minimum loan application amount is R30 000 and the maximum amount all depends on your monthly income. Whether you turn R60 000 per month or R100 000, that defines your personal maximum loan amount.
Once you’ve applied for a quick loan through us, you can expect funds within 5 business days to reflect in your account. Your loan term period will be between 6 to 9 months.
Each time you apply for a loan with us, we need to review the financial status of the business. We cannot act on the faith of the previous loan; however, we do take it into account.
When it comes to the repayment of the loan, the ideal period is typically 6 months. Note that your repayments are done via debit order.
What are the costs?
Depending on the lender that facilitates the loan, you will be charged a once off interest cost of 25%. We are 100% transparent in all our agreements, therefore you won’t be in for any nasty hidden costs as you may have encountered with other online lenders. That said, we will show you an outlay of the costs when the proposal is discussed and drawn up.
When it comes to the money that you require for your business, we do not judge or ask questions about what it’s required for. It’s totally your prerogative to spend it as you wish. Whether it be for a renovation, new stock, marketing or anything you can possibly think of – it’s at your discretion.
We’ll offer you all types of business loans and it’s for you to select the one that best suits you! We do have a team of experts, however, that are standing by to assist you in making this choice! We have retailer loans, hardware business funding, motor trade lending, basically, any type of industry can achieve a secure loan through us.
Business-loans are fully compliant with the National Credit Regulator, and we will exercise our rights to discretion when it means determining the amount that we will lend you.
Customer Reviews & Testimonials
I love how quickly my business loan was processed. There was no drawn-out waiting period.
— Johannesburg —
As a small business owner, one of the biggest challenges is money. Fortunately, Business Loans is a company that offers that help, and they definitely helped me!
— Cape Town —
I’d like to thank the person who assisted me with my application. You were a big help and was very competent. Because of that, the whole process did not take long. Thank you!
— Pretoria —
Your staff really knows its stuff! I was helped by the nicest person with my application for my business loan. She was very kind and respectful and worked tirelessly to help me as fast as possibl...
— Port Elizabeth —