What it is
Working capital, in plain words
Clients may also call it a business loan or working capital loan. It can be used for stock, cash flow, growth, salaries, seasonal needs or other general business costs. It is usually a commercial loan or funding facility, depending on the provider, and it is a separate product from a Merchant Cash Advance.
May not suit you if…
- You need funding tied to a specific invoice, order or asset (see invoice discounting, purchase order funding or asset finance instead)
- You need less than R50,000
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