Business loans are offered from R3000 up to R300 000. Business loans request from R350 000 up to R30 000 000 will be facilitated through finance institutions that has agreed to collaborate with Seventy8 Loans and Investments.
Seventy8 Loans and Investments understand the struggles of SMEs, indeed a brilliant idea and hard work alone without the financier will remain a dream. SMEs need money to generate more money. As a result of our understanding and experience of the advisory committee based on personal previous encounters, our minimum qualifications criteria have been set less intensive than those of banks. We're focused on getting you approved so your business can thrive.
- Purchasing of Inventory
- Purchasing of Equipment
- Manging Cash Flow
- Bridging Receivables Gaps
- Delayed Invoices
- Tender Contracts
To apply for business loans the following documentations and information is required:
- Valid original South African ID book and/or passport
- 3 Months latest Business Bank Statements with a valid South African Bank
- You must have a minimum age of 18 years
- Proof of Residential address
Full Pack of Company Documentation
- Company Registration Documents
- Tax Compliant Certificate
- Bank Account Confirmation Letter
Proof of Cash Income
- Purchase Order, RFQ or Invoice
- Tender Documents
Business Loans that are repaid within 7 days will be charged at an extremely favourable interest rate, and the loans that will be repaid from 8 days up to 30 days charges will be charged at a reasonable rate as per the guidelines of NCR.
The interest rate indicated is ALL inclusive of the following fees as per NRC guidelines:
- Initiation fees
- Interest rate
There is no hidden or surprise fees and quotation will be provided upfront.
Seventy8 Loans and Investments (PTY) LTD
An Authorised Financial Services and Credit Provider 2018/ 263400/ 07 (NCRCP11172)