What's usually happening
The order or tender is confirmed, but delivering it, buying materials, paying subcontractors, covering labour, costs money before payment for the job comes in.
Likely routes
Does this fit you?
- There's a signed purchase order or awarded tenderThis is what Purchase Order Funding and Tender Funding are built for.Likely fit.
- The order is smaller than the funder's minimumWorking capital may be the better fit.Possible fit.
- Still bidding, not yet wonA bid bond is a different product, not covered on this site.Probably not this route.
What you'd need
- 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