Product Description:
- Expansion Capital
- Asset/Equipment Finance
- Prime-Linked Interest Rates
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- Term Debt Loans: 1 year – 5 years
- Loan Size: R250,000 to R5,000,000
Qualifying Criteria:
- Have Contracted Future Sales and Stable Forecasted Profits
- Have Strong Visibility of Cash Flows
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- Show Solid and Stable Profit History
- Have a Minimum of 6 Months Trading History or a Solid Off Take Agreement
Required Documentation:
- Where Applicable, At-least Last Three Years Annual Financial Statements (duly signed)
- Management Accounts (up to the latest two months)
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- Projections for the Next Twelve Months
- Company Incorporation Documents
- Certified FICA Documents (i.e. Proof of Residence, IDs of Directors and Shareholders)
- Valid SARS Tax Clearance Certificate
- Twelve Months Business Bank Statements
- Franchise Agreement (where applicable)
- Contracts and Related Support Documents
- Other Information as may be Required