Jun 28, 2021


Lula (previously Lulalend) offers a variety of unsecured business funding options. Their business funding amounts range from R10,000 to R5,000,000.

The funds are disbursed within 48 hours of submitting your application.

Lulaprovides industry-specific financing to businesses in the following sectors:  Manufacturing, Construction, Professional Services, Retail, and Hospitality and Restaurants.


Main Features
  • Type Of Funding – Lula has six financing options available: Bridging Finance, Credit Facility, Equipment Financing, Inventory Finance, Offer trade credit, and Refinancing.
  • Qualifying Criteria – Lula offers funding to businesses with a minimum turnover of R500,000 per annum and that have actively traded for at least one year. They will require your latest three months’ bank transaction history.
  • Repayment Terms – You can pay back in standard instalments over a three or 12-month period.
  • Application process – To apply online, enter standard personal and business information. Upload your recent bank statements or link your Internet banking account via Yodlee.

Their website funding calculator provides estimates for capital payment, cost and total monthly payment due which is dependent on the loan amount.

Loans can be repaid within three or 12 months. The repayment is a 1/6th or 1/12th (depending on the plan you choose) of the total advanced amount plus the monthly cost.

The monthly costs are between 2% and 6% of your advanced amount for the first 2 or 4 months (plan dependent) and 2% for each of the remaining months.

An example of how this works is on an R20,000 loan, the total repayment amount is R23,400 on the 6-month repayment plan and R26,800 on the 12-month one.

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  • Convenience and speed

  • There is no interest charged. Lula charges a fee (cost) which is based on a percentage of the principal amount funded.


  • Slightly higher fixed costs amount.

  • Limited loan amounts


Lulalend caters to a wide range of established South African SMEs across various industries.

Yes, Lulalend typically requires businesses to be operational for a minimum period, which can vary depending on the loan product chosen.

Lulalend prides itself on a fast and paperless application process. In most cases, you won’t need extensive documentation.

Lulalend boasts a fast approval process. You can potentially receive a decision within 24 hours after submitting your application.

If your application is not approved, Lulalend may provide feedback on the reasons for rejection. You can then address these concerns and reapply when your business is in a stronger position.

Lulalend offers transparent repayment terms. The exact amount will depend on the loan amount, interest rate, and repayment period chosen during your application.