Apply for Business Funding

To qualify for funding, a business must:

• Be a South African company registered with the CIPC.
• Have been operating for a minimum of six months.
• Maintain an active business bank account.
• Demonstrate an average monthly turnover exceeding R40,000.

Several financing solutions can help manage your working capital in South Africa:

• Working capital loans: These traditional loans from banks or alternative lenders provide a lump sum to cover day-to-day operational costs, like inventory purchases or payroll.
• Purchase order funding: This solution helps businesses with confirmed purchase orders but lacks immediate cash flow. The lender advances a portion of the order value, allowing you to fulfil the order and pay your suppliers, with repayment coming from the customer’s payment.
• Inventory financing: This option provides funds specifically to purchase inventory, with the inventory itself often acting as collateral. You can access the funds needed to stock up and fulfil orders while managing your cash flow.

Remember, each solution has different requirements and costs. It’s crucial to compare options and research lenders to find the best fit for your specific business needs and financial situation.

Eligibility for funding can vary depending on the specific program or lender. However, some general factors lenders consider include the stage of your business, your industry, your financial history, and your business plan. SME South Africa guides preparing your business for funding and resources to help you assess your eligibility.

Applying for funding is simple. Start by filling out our online application form, providing essential details about your business and funding needs. Our experienced team will then review your application and work with you to gather any additional documentation required. Once approved, funds are typically disbursed swiftly to help you achieve your business goals.

While we support businesses across various industries, we have particular expertise in funding sectors such as retail, manufacturing, technology, hospitality, and professional services. However, we encourage SMEs from all sectors to reach out and explore funding opportunities with us.

At SME South Africa, we prioritize the success of our clients by offering personalized service, competitive rates, and flexible terms. Our team understands the unique challenges faced by SMEs and is committed to providing tailored funding solutions that empower businesses to thrive and grow. With our expertise and dedication, we aim to be your trusted partner in achieving your business objectives.