We have joined forces with a reputable lending company that assist business with funding for capital, equipment or maintenance. You have two options to choose from:
Suitable for solar systems and larger projects
Term product: Every month you pay back 1/6th or 1/12th (depending on which plan you choose) of the total advanced amount plus the monthly cost. Monthly Costs are 2% – 6% of the advanced amount for the first 2 or 4 months (plan dependent) and 2% for each of the remaining months.
Suitable for automating your machines and smaller projects
The first 30 days are free, then 2% is charged for 30-60 days and then another 2% for 60-90 days.
Requirements to obtain finance as follow:
- Business must be actively trading for at least 1 year
- The business should have a minimum annual turnover of R 500 000; with a minimum monthly turnover of R 40 000.
- Our team will evaluate and give you a comprehensive projection plan with a cost estimate
- We submit your loan request to Lulalend on your approval of our estimate
- A Lulalend Consultant contacts you to start the funding process
- On approval of funds, we receive payment and the work commence