What it is
Tender funding, in plain words
It can be used for suppliers, materials, stock and other project costs, with repayment made from the project proceeds. It is deal-specific commercial funding, and the exact structure depends on the funder's agreement. It funds delivery of a tender you have won. It is not a bid bond, which is a guarantee submitted with a tender application.
May not suit you if…
- The tender hasn't been awarded yet (this funds delivery, not the bid)
- The project is small enough to fund from normal cash flow
What you'll be asked
- Who we can help
- Registered companies (Pty Ltd or CC) trading for at least 12 months, with funding from R50,000. A Merchant Cash Advance also needs annual turnover of R600,000 or more; other funding types have their own criteria.
- Asked first
- How you're paid, how much you need, what it's for
- Asked later, if you go ahead
- Bank statements, company documents, ID
- What they'll never ask for upfront
- Money before any funding is paid out