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Swype Financial Services

Lead Distribution
6th ,Dec, 2021

About

Established in 2016 Swype Financial Services provides SMEs in South Africa with alternative funding solutions to those provided by the traditional lenders.

Their mission is to help SMEs that normally would not qualify for bank loans, to access capital quickly and provide quick and simple access to capital without providing collateral security.

Their working capital loans allow businesses to purchase inventory. SwypeFin purchases a portion of future sales and provides you with an upfront cash advance

Swype Financial Services do not finance startup businesses.

Features

  • Qualifying criteria – To apply, your business must be registered, owner-operated with 12 months trading history, monthly turnover in excess of R100,000.
  • Repayment Terms – Flexible repayment terms.
  • Application process – Applications are online. You will be required to supply the following documentation.
    – 6 month bank statements accompanied by a transactional history to date
    – Copy of lease agreement
    – Copy of business insurance policy
    – Copy of directors IDs
    – Business registration documents

Pricing

An upfront fixed fee with no penalties for early settlement. They review your application and determine an affordable amount that you qualify for.

Once all the necessary documentation is signed and the deal approved, they disburse the advance directly into your account.

Pros

Swype Financial Services matches your daily repayments to your cash flow.

Cons

Repayments are not fixed which can make it difficult to budget.

Customer service

You can call Swype Financial Services by email or phone call.

Brand Features

  • Quick and simple access
  • No collateral required
  • Flexible repayment terms
  • Online applications

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