What's usually happening
Seasonal trade, one big client paying late, a slow winter: a fixed monthly repayment can bite in exactly the wrong month.
Likely routes
What you'd need
- Who we can help
- Registered companies (Pty Ltd or CC) trading for at least 12 months, with funding from R50,000. A Merchant Cash Advance also needs annual turnover of R600,000 or more; other funding types have their own criteria.
- Asked first
- How you're paid, how much you need, what it's for
- Asked later, if you go ahead
- Bank statements, company documents, ID
- What they'll never ask for upfront
- Money before any funding is paid out