Unlock Business Growth Opportunities with Tailored Funding through SMEgo

Updated on 18 June 2024

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As a small or medium-sized enterprise (SME) in South Africa, accessing the funding you need to fuel growth and capitalise on opportunities can be more than a little challenging. Traditional lending institutions often have stringent requirements and lengthy application processes that can hinder an SME’s ability to secure the financial support they need when they need it.

Fortunately, as the one-stop digital platform designed to help you manage your business, SMEgo fully understands these challenges and has developed a comprehensive and highly accessible solution that makes applying for business funding fast and easy, while maximising your chances of success.

Solutions Built On Understanding Your Unique Funding Needs

SMEgo knows that every business has unique financial requirements, which is why the platform offers a diverse range of funding options tailored to specific business requirements at all stages of growth. With tailored funding ranging from R 50 000 to R 50 million, there’s an SMEgo solution for every business and every business need.

A Streamlined Application Process Designed to Maximise Your Chances of Success

By completing a single, uncomplicated application on SMEgo, you gain access to multiple funders simultaneously. This process not only saves time and effort but also ensures that your application has all the information that funders require, speeding up the process and optimising your chances of securing the funds you need.

Tailored Funding for Every Growth Stage

Not all business needs are the same, so there’s no such thing as a one-size-fits-all business funding solution. SMEgo offers an array of carefully tailored funding solutions to deliver the right loan, structured the right way, and with the right terms for your business. The SMEgo funding options include the following:

  • Personal loans for business purposes – For employed business owners looking to expand their operations, this personal loan of up to R 250 000 can provide the necessary capital injection.
  • Asset finance – With funding up to R 50 million, asset finance enables businesses to acquire crucial assets such as buildings, machinery, and vehicles.
  • Trade finance – Up to R 20 million in trade finance facilitates domestic or international trade transactions.
  • Purchase order finance – Partially secured funding up to R 10 million to enable businesses to fulfil confirmed orders.
  • Contract finance – For businesses that have secured contracts with government or large clients, contract finance of up to R 20 million ensures that they have the resources to meet their obligations.
  • Early invoice settlement – Allows businesses to receive payment within 72 hours for invoices generated both on the SMEgo platform and elsewhere, improving cash flow.
  • Business loan – Up to R 50 million in funding without collateral, business loans can be used to run your business, buy stock, hire employees, bridge cash flow needs, and more.

Navigate the Funding Landscape with Confidence

If you’re unsure about which funding option is best suited to your immediate business needs, SMEgo has you covered. Registered users can check their business credit score once every six months and follow SMEgo’s intuitive funding selection journey to be guided through the process of choosing the funding solution that aligns with their business needs and goals.

Elevate your Business Success with SMEgo

SMEgo is more than just a funding platform; it’s a one-stop digital business-building solution. In addition to making it easy to apply for funding, SMEgo offers an array of operational, management, and growth tools. From creating quotes and invoices to getting paid online and on time, efficient payment reconciliation, multi-user access for admin sharing, an online marketplace, business insurance, and cardless payments on your mobile phone, SMEgo has everything you need to run and grow your business on the go

There are three SMEgo plans to cater to every business need:

  • SMEgo Basic – Get free access to basic SMEgo features and funding applications
  • SMEgo Premium – Unlock additional features and benefits for just R99 per month
  • SMEgo Premium Plus – Enjoy all the business-building features for R299 per month (Get a 1-month free trial with no obligations)

To apply for business funding on SMEgo, simply follow these quick and easy steps:

  1. Download SMEgo on the Apple or Google Play store, or go to SMEgo.co.za
  2. Register with SMEgo and log in
  3. Click on the Funding tile on the dashboard
  4. Choose a funding type for more details
  5. Answer a few questions to find your ideal funding solution
  6. Click apply and follow the instructions to send your application to multiple funders

Don’t let funding challenges hold your business back. Partner with SMEgo today and unlock the financial support and business-building tools you need to take your enterprise to new heights. With SMEgo by your side, the possibilities are endless.

To find out more about how SMEgo can help your business grow, send an e-mail to smego@oldmutual.com. You can also phone (+27)21 137 6078 or (+27)67 718 5598.

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