Lulalend: Bridging Finance

12th ,September, 2022


Lulalend, a company that was founded in 2014 by Trevor Gosling and Neil Welman, offers to fund between R10,000 to R5 million to small business owners.

Their repayment structure is flexible – you can choose between a 6-month or a 12-month plan. You get full transparency before applying when you use their online funding calculator.

You can apply for a re-advance – when you choose to repay over six months and you meet your repayments, you can apply for a re-advance in less than four months. If you choose the 12-monthly repayment plan, you can apply for a re-advance in eight months.


Type Of Funding – Bridging Finance

Qualifying Criteria – Your business should have a minimum annual turnover of R500,000 and must have been actively trading for at least one year. During the application process, your business’s VAT registration number is used for verification purposes.

Repayment Terms – You can choose between the six months term or the 12-months term.

Application process – Apply online and share details such as how much funding you need. According to Lulalend, the online application can take about 8 minutes to complete. You will be required to supply recent financial information. To speed up the approval process, the company advises that you link your online bank account, which will allow them to see your bank transactions in read-only format. You can get approved within 24 hours.


Based on your loan amount, the monthly payment due includes a capital payment (a fixed fee) and the monthly cost. The monthly costs depend on what monthly plan you choose – 6 months or 12 months.

How it works: Every month you pay back a sixth or 12th (depending on which plan you choose) of the total advanced amount plus the monthly cost. According to Lulalend, the monthly costs are between 2% – 6% of your advanced amount for the first 2 or 4 months (plan dependent) and 2% for each of the remaining months.


Transparency on costs – there is an online funding calculator available.


Stricter finance requirements – this can be a disadvantage to some businesses.

Apply for Funding Today!

Brand Features

  • Up to R5-million funding
  • Access to online funding calculator
  • Fast application process
  • Access to re-advance
  • Flexible repayment options


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