Are you a business owner struggling to secure the financing you need to take your company to the next level? Look no further than GENFIN Business Funding! As a leading provider of flexible business loans, GENFIN is dedicated to supporting small and medium-sized enterprises in South Africa. Their team of experts will work with you to create a personalized funding plan that meets your unique needs and helps you achieve your goals.
With easy online applications, competitive rates, and fast funding, GENFIN makes getting the financing you need simple and hassle-free. Don’t let a lack of funds hold your business back – apply for a loan from GENFIN today and watch your company thrive!
What you need to apply for business funding
To be eligible for business funding, your company must have generated a minimum turnover of R1 million (or R100,000 per month) in the last 12 months. This requirement ensures that your business has a proven track record of generating revenue, which can increase your chances of obtaining financing. If your company meets this criterion, you may qualify for a range of funding options that can help you achieve your business goals.
2. Business History
As part of the application process, businesses seeking funding are required to provide their most recent 12 months of bank statements. This allows lenders like GENFIN to leverage advanced algorithms and proprietary tools to gain a better understanding of the company’s financial health and performance.
By analyzing factors such as cash flow, revenue, and expenses, lenders can make more informed decisions about which funding options are best suited to the business’s needs and goals. With this valuable insight, businesses can access tailored financing solutions that support their growth and success.
To qualify for funding, businesses must meet certain ownership and management criteria. Specifically, the business ownership or management structure must have been in place for at least six months. In addition, the company must be a registered entity and have been fully operational for a minimum of 12 months.
Please note that sole proprietorships, trusts, or partnerships are not eligible for funding. These requirements help ensure that businesses seeking financing are established and have a track record of success, which can increase their likelihood of obtaining funding.
Apply For the Business funding in 3 simple steps:
GENFIN’s business funding process is designed to be simple and user-friendly, with just three easy steps.
1. Apply for funding
The first step is to apply for funding online. Throughout the application process and beyond, businesses can count on the guidance and support of GENFIN’s experienced and highly trained team. From explaining the required documentation to providing expert advice, our team is committed to helping businesses access the financing they need to grow and succeed. With our user-friendly online platform, businesses can apply for funding at their convenience, and receive a prompt response.
2. Receive an offer in 24 hours
After submitting your application, you can expect to receive a funding offer within 24 hours. Your dedicated Business Funding Analyst will swiftly assess your application and work with you to create a tailored funding plan that meets your business needs. Our analysts are experienced and knowledgeable, and they understand the unique challenges facing businesses today.
They will be available to assist you throughout the term of your loan and beyond, providing expert advice and guidance as you grow your business. At GENFIN, we believe in building strong, long-term relationships with our clients, and our Business Funding Analysts are an integral part of that commitment.
3. Ignite, scale, and grow
Businesses can start putting their financing to work right away with GENFIN’s funding products. Once the terms of the funding offer are agreed upon and the required documentation is signed electronically, funds are immediately disbursed.
Whether businesses are looking to ignite, scale, or grow, they can be confident that they will only be charged interest on their outstanding loan balance over the term of the loan funding. GENFIN is committed to transparency and fairness, which is why there are no application fees, early-repayment penalties, or hidden costs associated with their funding products.
GENFIN’s funding products are designed to provide businesses with the support they need to achieve their goals without any unnecessary financial burden. With GENFIN, businesses can take the first step towards achieving their business dreams. So if your business needs funding, apply for one of their funding products today!