Introduction
Kenote Finance, a reputable financial institution founded in 2016, is dedicated to serving the needs of small and medium-sized enterprises (SMEs) and small, medium, and micro enterprises (SMMEs) in South Africa. Specialising in Purchase Order Funding, Tender Funding, and Cash Advances, Kenote Finance enables businesses to thrive by providing quick turnaround times and affordable rates.
What sets Kenote Finance apart is its ability and appetite to fund Purchase Orders of higher values. Funding starts from R500 000 – R5 million. The company’s ability to risk manage and take on complex projects is its key expertise. As a customer-centric institution, they prioritise hassle-free purchase order funding, ensuring businesses can focus on fulfilling their orders and expanding their operations. With a track record of successfully executing over 500 purchase orders to date, Kenote Finance has established itself as a reliable partner for businesses in need of financial support.
Customer Service
Kenote Finance prides itself on delivering excellent customer service. With a team of experienced project managers and dedicated project administrators, the company provides personalized support to ensure the success of each project. The customer service team is available 24/7, ready to assist clients with their funding needs.
Main Features
Type of Funding – Purchase Order Funding
Qualifying Criteria – Businesses need to provide a valid Purchase Order, Tender, or Letter of Appointment from a government institution, state-owned enterprise, or reputable private entity. The funding must be from R500 000 up to R5 million.
Repayment Terms – The repayment terms range from 30 to 60 days, providing flexibility to meet the specific needs of each client.
Application Process – Applying for funding is easy and convenient with only 3 documents required for the initial application which are: A valid PO, RFQ / Specification and Supplier quotations. Clients can submit their applications online or via email to admin@kenotefin.co.za. Kenote Finance typically takes 24-48 hours to review and approve or decline applications, ensuring a swift response.
Pricing
Finance charges are 15% of the expenditure for Supply and Delivery Purchase Orders related to supply and delivery. For tenders or manufacturing projects, the fee is from 25% of the expenditure. These pricing structures enable businesses to access the funding they need while ensuring a fair and transparent financial arrangement.
