When a financial institution, like our platform at Lulalend, assesses a funding application, we’re essentially evaluating risk. We want to ensure that the businesses we support have the capacity to manage and repay the loan responsibly. A minimum monthly revenue of R50,000, consistently over the past six months, offers several vital assurances: Demonstrated Sales and […]
R50,000 Monthly Revenue: Unlock Funding Success Read More »
When a South African SME applies for a business loan, the phrase “good credit history” is a common requirement. It might seem vague, but it’s a critical component of the lender’s decision-making process. Think of your credit history as your financial reputation—it tells a story about your past behaviour as a borrower. Lenders use this
Understanding Good Credit History for Business Loans Read More »
Access to funding is one of the biggest hurdles for small and medium enterprises (SMEs) in South Africa. A business loan can be the bridge that helps you seize growth opportunities, manage cash flow, or invest in equipment and talent. But before applying, it’s important to ask: Is your business loan-ready? Many loan applications fail
South African SMEs Pre-Application Checklist Read More »
Navigating the business loan application process can be a daunting task. However, with proper preparation, you can significantly increase your chances of approval. Lenders aren’t just looking at your idea; they want to see a well-managed, financially sound business with a clear path to repayment. This guide provides a practical checklist to help you get
Business Loan Pre-Application Checklist Read More »
Managing cash flow is the backbone of any healthy business. It’s the lifeblood that keeps operations running smoothly, from paying employees to purchasing new stock. But even the most profitable companies can face temporary cash flow gaps due to unforeseen expenses or delayed payments from clients. This is where short-term funding comes in, acting as
Short-Term Funding for Effective Cash Flow Management Read More »
Short-term business loans can seem like a quick and easy solution for cash flow gaps or unexpected expenses. In South Africa, a variety of lenders, from traditional banks to fintech companies, offer these products with promises of fast approval and minimal paperwork. However, beneath the surface of seemingly low-interest rates and quick turnaround times lies
Hidden Costs of Short-Term Business Loans Read More »
Getting a short-term business loan in South Africa can be a game-changer for a small or medium-sized enterprise (SME) looking to bridge a cash flow gap, seize a new opportunity, or cover unexpected expenses. However, lenders have specific criteria that you must meet to qualify. Understanding these requirements is the first step toward a successful
Qualifying for a Short-Term Business Loan in SA Read More »
When it comes to funding your business, one of the first questions you’ll face is: Should I go to a bank or a private lender? Both options can help fuel your business, but they work very differently. Knowing the pros and cons of each can save you time, money, and frustration — and help you
Private Lenders vs. Banks for Fast Business Funding Read More »
Tired of waiting weeks or even months for traditional bank loans? Frustrated by rigid criteria and mountains of paperwork? You’re not alone. Many South African entrepreneurs are turning to alternative funding sources to fuel their growth. One such option gaining traction is private lending, offering swift access to capital for businesses that meet specific criteria.
Accessing Fast Funding from Private Lenders Read More »
Securing funding for your business in South Africa can be a complex process. Many entrepreneurs and business owners make common mistakes that can hinder their chances of securing the necessary capital. By understanding these pitfalls and taking proactive steps to avoid them, you can significantly improve your chances of securing the funding you need to
Common Funding Mistakes and How to Avoid Them Read More »
