Which Type of Business Funding Is Right for You?
Not All Loans Are Created Equal
Every business has unique funding needs — whether it’s keeping your shelves stocked, covering cash flow gaps, or expanding operations. That’s why choosing the right type of business loan can make all the difference. A one-size-fits-all approach to capital can be the very reason an application gets rejected.
On this brief, we’re breaking down the different types of funding available on our platform, so you can find the perfect match for your business needs.
Working Capital
This is the lifeline for your business’s day-to-day operations. Working capital is a short-term solution designed to cover immediate expenses like payroll, rent, or utilities, ensuring your business runs smoothly while you wait for incoming revenue.
- Best for: Bridging a short-term cash flow gap or covering a payroll period.
Unsecured Business Loan
An unsecured loan provides capital without requiring you to use business assets (like property or equipment) as collateral. Lenders assess your business’s health based on cash flow and credit history.
- Best for: Businesses with a strong track record that need flexible funding for general growth, marketing campaigns, or a large purchase.
Inventory Finance
This is a specific type of funding that uses your inventory as collateral. It provides the capital you need to purchase new stock, ensuring you never miss a sales opportunity, even when cash flow is tight.
- Best for: Retail businesses or wholesalers who need to purchase large volumes of goods to meet demand.
Bridging Finance
Are you waiting for a large payment or a confirmed sale to clear? Bridging finance offers a short-term, quick-access loan that “bridges” the gap between an expense and a confirmed payment you know is coming in.
- Best for: Businesses with large invoices or confirmed sales waiting to be paid.
Invoice Finance
Instead of waiting 30, 60, or even 90 days for clients to pay, invoice finance allows you to get immediate cash by selling your unpaid invoices to a third party. This unlocks capital trapped in your accounts receivable.
- Best for: Service-based businesses that issue invoices and want to improve cash flow immediately.
Asset Finance
This type of funding is specifically for acquiring a physical business asset, such as a vehicle, machinery, or equipment. The asset itself serves as the collateral for the loan.
- Best for: Businesses that need to purchase new equipment to expand operations or replace old machinery.
Ready to Find Your Match?
Knowing which type of funding you need is the most important step. Our platform helps you apply for the right loan with the right lender, increasing your chances of success.
Explore all your options and apply directly through our platform today!
Business Class Banking for SMEs
As a growing SME, you deserve a banking experience that keeps up with you. That’s why we’ve partnered with a new business banking platform.
This new service is designed exclusively for SMEs, putting you in a class of your own.
Say goodbye to monthly fees, long queues, and frustrating service.
Here’s why it’s different:
- Zero monthly fees – only pay as you transact
- Free swipes and taps
- Only R3 per EFT
- Fast, human support when you need it
- Manage multiple companies seamlessly from one platform
- Bank-grade security & insurance (SARB Protected up to R100 000 per account)
Minimum requirement: This account is best suited for SMEs with a healthy cash flow of at least R40,000 per month. If that sounds like your business, this could be the upgrade you’ve been waiting for.
