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Lulalend Inventory Loans

Table of Contents
Lulalend Inventory Loans
Introduction

Lula, formerly Lulalend, offers inventory funding that gives South African businesses the working capital to buy stock before they can afford it outright, then repay as that stock sells. It is a practical tool for any business whose growth is held back by cash tied up in inventory.

Who it suits

This fits a retailer, wholesaler or product business that needs to stock up ahead of a busy season or a big order, but does not want to drain its cash reserves to do it.

What you get

  • Funding to buy stock ahead of demand, so you never run out during a peak.
  • Fast online application and a decision based on real trading activity.
  • Repayment aligned to your sales cycle rather than a rigid schedule.
  • Full ownership retained: no equity given away.

How the cost works

Inventory funding is quote-based, priced on the amount and term, with the full cost shown upfront before you accept. Checking what you qualify for costs nothing and does not commit you.

Our take

Buying stock at the right time, at a better bulk price, and selling through a busy period is one of the highest-return uses of working capital. Lula makes that access quick. Learn how inventory finance works and see the full funding range to match the right product to your need.

Check what you qualify for

Related: Inventory finance explained  ·  Working capital loan  ·  All funding options

Main Features
  • Application process – Lulal’s application process is 100% online. To apply you will be required to share standard personal and business information, as well as upload recent bank statements or link your internet banking account via Yodlee. You can get approved in 24 hours.
  • Repayments – With their inventory loans you can choose between 6 and 12-month terms.
  • Qualifying criteria – They require that a business have a minimum monthly turnover of R40,000 as well as an annual turnover of at least R500,000 and it must be actively trading for at least one year.
Pricing

Lula charges a fee (cost) which is based on a % of the principal amount funded. The cost varies between 5% and 12% and is determined based on the risk and overall scoring of the business.

Monthly costs are 3% – 10% of your advanced amount for the first 2 or 4 months (plan dependent) and 2% for each of the remaining months.

Pros and Cons

Pros

No collateral is needed.
No long queues or extensive paperwork
Transparent, flexible terms
Access to finance in 24-hours

Cons

The affordability assessment
Potential for Overstocking
Focus on Short-Term Needs
Limited Loan Amounts
FAQs

Lula Inventory Loans are typically designed for established SMEs that require additional capital to purchase inventory. They may have specific industry restrictions, so check with Lula for details.

To be eligible for Lula business funding, you need:

  • Minimum annual turnover of R500 000
  • One-year trading history
  • Business registered in South Africa

While specific requirements can change, you may typically need basic business documents like financial statements, bank statements, and proof of ownership.

Lula often prides itself on a fast and efficient approval process. The exact timeframe can vary depending on your application’s complexity, but it could be as quick as 2-48 hours.

Repayment terms for inventory loans are usually shorter than traditional business loans. They may range from a few months to a year, depending on Lula’s offerings and your agreement.

Failing to repay a loan can have serious consequences. It’s crucial to understand Lula’s late payment fees and the potential consequences of defaulting on the loan.

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