Are you looking for Business Finance?
FAST AND PROFESSIONAL BUSINESS LOANS UP TO R3 MILLION APPROVED AND PAID OUT IN 72 HOURS
No branches, no queues, no paper. Let’s do business.
Far too long South African businesses have missed out on opportunities that could have been the turning point for their growth, had they a simpler and faster way to access funding. Using leading-edge technology combined with an innovative approach to assessing credit, our service provider is committed to changing the finance experience for our customers.
We go the extra mile to understand your business’s financial needs and give you access to the funds that you need and when you need it, to push your business to the next level. Thanks to our simple process and fast business credit assessment, they’re able to do this within days while finding an affordable funding solution for your business.
Whether you’re a Retailer, Restaurant, Engineer, Cleaning Service, Child Care Service or Web Designer … your time is money, and they want to offer you support in the form of flexible finance that you can manage as your cashflow requirements change. That is why they avoid the unnecessary conditions and waiting period which puts your business’s development on hold.
Our service provider prides itself on being completely transparent. We assure you that other than our interest charge, there are NO hidden or add-on costs. Feel free to deposit and withdraw excess capital at no charge. And as your loan balance reduces, so will your interest. Compare them to other short-term lending companies, we expect that you will find their charges to be significantly cheaper while offering you a more flexible facility.
WHEN A BUSINESS LOAN IS THE RIGHT CHOICE FOR YOU:
- To expand and take advantage of new opportunities
- To finance short-term or seasonal working capital requirements
- To restructure debt and reduce funding costs
- To access cash flow to address short-term business obstacles
- To bridge the gap between customer orders and supplier payments
To access discounts for early settlement - To unlock cash flow tied up in a property transaction
- To access cash against underlying security
Free and Effortless Application
- A completely online and paperless application process.
What we need from you to make an offer
- Last 12 months of bank statements
Get funded in 72 Hours
- By minimising the documents needed and accelerating the credit decision, we work fast to get you the funds you need when you need it.
Sign your Agreement
- Once approved and your digital loan agreements signed, we can deposit the money into your account that same day.
Tried and trusted
- We’re South African built and owned. Helping South African businesses just like yours.
How does our application process work?
Apply online within minutes. Once the application process has been completed, your dedicated consultant will request you to submit certain documents for evaluation. Once approved and your loan agreement has been signed, pay-out into your bank can be done that same day.
How long will my application take?
For all approved loans, funds will be available within 3 days from the date the service provider receives the required supporting documentation.
What does service provider consider when evaluating an application?
We take a number of factors into account when structuring your funding solution. There is no simple formula, but we work in three categories to determine an overall score.
- Business Stability
- Financial Metrics
- Credit History
What type of documentation is required?
To kick-off our quick analysis and provide you with a preliminary offer we need:
The most recent 12 months’ of bank statements for your business
Depending on the loan value, we may also require:
- Latest management accounts
- Latest annual financial statements
- SARS Statement of Account (VAT & PAYE as applicable)
Can I apply for a loan for a new or start-up business?
We require at least one year of trading history and a turnover of more than R1 million. As a start-up business, these criteria would not be met. However, where a business already meets these requirements and wish to pursue a new idea within the business, the business would be eligible for assistance.
Can I apply for a loan to purchase an existing business?
We do not provide funding to purchase an existing business, even if it has been trading for at least a year. We primarily look at the past operations of the business to make a funding decision – past operations may not necessarily be indicative of future operations following a change in management. We would therefore prefer that management has been running the business for at least 6 months.
Why do I have to provide my online banking information and what does the service provider do with it?
When providing your online banking username and password details, the system uses these to log into online banking on your behalf, without human intervention, and securely retrieve your bank transactions for the last 12 months. The service provider does not receive, store or have access to your login credentials. Our third-party provider does not store login credentials and all traces of the details are destroyed after the login process is complete. Bank-level security protects your information.
Can the service provider, or any other person, transact on my account?
This is a read-only connection and no transaction(s) can be processed. The system can only retrieve your transactional data.
What is the term of the loan?
Our loans are initially structured over a 12-month period to help keep your installment, as a percentage of your revenue, as low as possible. We can also structure this over a shorter period. In addition, you are welcome to deposit additional capital at any point to reduce your interest charge and shorten the repayment period of your business loan.
You can also access funds by withdrawing additional repaid capital at any time or refinance your facility once 50% of your capital is repaid, effectively extending the term of the loan.
Can I settle the loan earlier or extend the repayment term?
You are welcome to deposit additional capital at any point to reduce your interest charge and shorten the repayment period of your business loan.
You can also access funds by redrawing additional repaid capital at any time or refinance your facility once 50% of your capital is repaid, effectively extending the term of the loan.
Can I access additional funds during the term of my loan?
You can access funds by redrawing excess repaid capital at any time or refinance your facility once 50% of your capital is repaid.
How does repayment work?
We submit a weekly or monthly debit order to your bank account.
What is the cost involved?
We charge no initiation, paperwork or administration fees.
We apply a monthly interest rate of 3.5% per month on the outstanding balance of your loan. Therefore the interest charged to your account reduces over the term of the loan. This results in a total interest charge of roughly R24 000 for each R100 000 borrowed over a 12-month term, or put differently, the equivalent to a 2% flat rate per month.
- Description
-
FAST AND PROFESSIONAL BUSINESS LOANS UP TO R3 MILLION APPROVED AND PAID OUT IN 72 HOURS
No branches, no queues, no paper. Let’s do business.
Far too long South African businesses have missed out on opportunities that could have been the turning point for their growth, had they a simpler and faster way to access funding. Using leading-edge technology combined with an innovative approach to assessing credit, our service provider is committed to changing the finance experience for our customers.
We go the extra mile to understand your business’s financial needs and give you access to the funds that you need and when you need it, to push your business to the next level. Thanks to our simple process and fast business credit assessment, they’re able to do this within days while finding an affordable funding solution for your business.
Whether you’re a Retailer, Restaurant, Engineer, Cleaning Service, Child Care Service or Web Designer … your time is money, and they want to offer you support in the form of flexible finance that you can manage as your cashflow requirements change. That is why they avoid the unnecessary conditions and waiting period which puts your business’s development on hold.
Our service provider prides itself on being completely transparent. We assure you that other than our interest charge, there are NO hidden or add-on costs. Feel free to deposit and withdraw excess capital at no charge. And as your loan balance reduces, so will your interest. Compare them to other short-term lending companies, we expect that you will find their charges to be significantly cheaper while offering you a more flexible facility.
WHEN A BUSINESS LOAN IS THE RIGHT CHOICE FOR YOU:
- To expand and take advantage of new opportunities
- To finance short-term or seasonal working capital requirements
- To restructure debt and reduce funding costs
- To access cash flow to address short-term business obstacles
- To bridge the gap between customer orders and supplier payments
To access discounts for early settlement - To unlock cash flow tied up in a property transaction
- To access cash against underlying security
- Benefits and Features
-
Free and Effortless Application
- A completely online and paperless application process.
What we need from you to make an offer
- Last 12 months of bank statements
Get funded in 72 Hours
- By minimising the documents needed and accelerating the credit decision, we work fast to get you the funds you need when you need it.
Sign your Agreement
- Once approved and your digital loan agreements signed, we can deposit the money into your account that same day.
Tried and trusted
- We’re South African built and owned. Helping South African businesses just like yours.
- Frequently asked Questions
-
How does our application process work?
Apply online within minutes. Once the application process has been completed, your dedicated consultant will request you to submit certain documents for evaluation. Once approved and your loan agreement has been signed, pay-out into your bank can be done that same day.
How long will my application take?
For all approved loans, funds will be available within 3 days from the date the service provider receives the required supporting documentation.
What does service provider consider when evaluating an application?
We take a number of factors into account when structuring your funding solution. There is no simple formula, but we work in three categories to determine an overall score.
- Business Stability
- Financial Metrics
- Credit History
What type of documentation is required?
To kick-off our quick analysis and provide you with a preliminary offer we need:
The most recent 12 months’ of bank statements for your business
Depending on the loan value, we may also require:
- Latest management accounts
- Latest annual financial statements
- SARS Statement of Account (VAT & PAYE as applicable)
Can I apply for a loan for a new or start-up business?
We require at least one year of trading history and a turnover of more than R1 million. As a start-up business, these criteria would not be met. However, where a business already meets these requirements and wish to pursue a new idea within the business, the business would be eligible for assistance.
Can I apply for a loan to purchase an existing business?
We do not provide funding to purchase an existing business, even if it has been trading for at least a year. We primarily look at the past operations of the business to make a funding decision – past operations may not necessarily be indicative of future operations following a change in management. We would therefore prefer that management has been running the business for at least 6 months.
Why do I have to provide my online banking information and what does the service provider do with it?
When providing your online banking username and password details, the system uses these to log into online banking on your behalf, without human intervention, and securely retrieve your bank transactions for the last 12 months. The service provider does not receive, store or have access to your login credentials. Our third-party provider does not store login credentials and all traces of the details are destroyed after the login process is complete. Bank-level security protects your information.
Can the service provider, or any other person, transact on my account?
This is a read-only connection and no transaction(s) can be processed. The system can only retrieve your transactional data.
What is the term of the loan?
Our loans are initially structured over a 12-month period to help keep your installment, as a percentage of your revenue, as low as possible. We can also structure this over a shorter period. In addition, you are welcome to deposit additional capital at any point to reduce your interest charge and shorten the repayment period of your business loan.
You can also access funds by withdrawing additional repaid capital at any time or refinance your facility once 50% of your capital is repaid, effectively extending the term of the loan.
Can I settle the loan earlier or extend the repayment term?
You are welcome to deposit additional capital at any point to reduce your interest charge and shorten the repayment period of your business loan.
You can also access funds by redrawing additional repaid capital at any time or refinance your facility once 50% of your capital is repaid, effectively extending the term of the loan.
Can I access additional funds during the term of my loan?
You can access funds by redrawing excess repaid capital at any time or refinance your facility once 50% of your capital is repaid.
How does repayment work?
We submit a weekly or monthly debit order to your bank account.
What is the cost involved?
We charge no initiation, paperwork or administration fees.
We apply a monthly interest rate of 3.5% per month on the outstanding balance of your loan. Therefore the interest charged to your account reduces over the term of the loan. This results in a total interest charge of roughly R24 000 for each R100 000 borrowed over a 12-month term, or put differently, the equivalent to a 2% flat rate per month.
- Apply Now
-
Entrepreneurs - Interested In Once Off & Passive Recurring Income?
Start your own Business
This is just one of the many products available to all Ubuntu Connect Business Partners.
The calculator below indicates the potential profitability of this product. Simply enter the amount you can market to your clients each month and the calculator will indicate your potential profits.
For more information on our Business Partner Program click here.
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Important Notice
- I understand that Ubuntu Connect is not a financial services provider and that all the content provided on this site is for informational purposes only, to facilitate the application process and in no way constitutes legal or financial advice.
- Your application for a loan remains subject to approval in-terms of our Credit Providers qualifying criteria and the provisions contained in the National Credit ACT, 34 of 2005. Our Credit Providers are an Authorised Financial Service Provider and have always promoted responsible lending whilst always being compliant with the National Credit Act.