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Kenote Finance

Table of Contents
SME Reviews
Introduction

Kenote Finance is a South African provider of business funding solutions for small and medium enterprises. It offers finance aimed at growth and working capital, giving trading businesses another route to the capital they need.

Who it suits

This fits a South African SME seeking funding for growth or day-to-day working capital that wants to compare options beyond the big banks.

What you get

  • Business finance for growth and working capital needs.
  • An application route aimed at small and medium businesses.
  • Funding without necessarily giving up equity.
  • A local funder that understands the South African market.

How the cost works

Terms and cost are quoted per application based on your business and the amount, and confirmed before you accept. Qualifying depends on your trading history.

Our take

Kenote is worth including when you are comparing funders, as the best deal often comes from putting a few options side by side. Strengthen any application by getting your books in order first, and see what makes a business bankable. Compare the full funding range before you decide.

Explore funding options

Related: All funding options  ·  Working capital loans  ·  What makes a business bankable

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 [email protected]. 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.

Pros and Cons

Pros

Easy access to credit
Quick approval process within 48 hours
Low interest rates
Dedicated customer support

Cons

Restriction of eligibility
Not for All Businesses
FAQs

Kenote Finance Purchase Order Funding is ideal for businesses that sell products or services on credit to other businesses, with confirmed purchase orders. This can include manufacturers, distributors, wholesalers, and service providers.

Yes, Kenote has a minimum of R500 000 and a maximum of R5 million per purchase order.

The funding timeline can vary depending on the complexity of the purchase order and Kenote’s internal processes. Generally, it can range from a few business days to a week.

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Lead - Purchase Order Funding

Purchase Order Funding Application

Submit your purchase order (PO) details below to initiate the funding review process. This application is designed for businesses seeking capital to fulfil confirmed customer orders.

We work with a dedicated funding partner to assess each application. To qualify, a minimum purchase order value of R250,000 is required.

Once your submission is complete, your application will be transitioned to our funding partners for an expedited review, helping you fulfil your orders without unnecessary delay.

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