Loans for Business

Business Revolving Loans

Have you had to urgently purchase stock to meet an unexpected customer demands? Perhaps you need to buy more equipment to make your Business run faster and smoother? No matter your Business needs.  South African Business owners occasionally find themselves needing to access additional funds and a Business Revolving Loan from  might allow you to do so without the hassle of having to reapply each and every time you need a Business Revolving Loan.

A Business Revolving Loan is an ongoing loan facility for an agreed amount of money. Once you have paid back a certain percentage of the approved Business Revolving Loan, you can re-loan back to the approved limit without affecting your monthly repayment plan. This means you can access the available funds whenever you need them, without having to re-apply for a Business Loan. Please remember to carefully read and understand the Business Revolving Loan ‘terms and conditions’ before applying. This is important as it will allow you to have a better understanding the legal agreements you are involving yourself with the bank. Have your legal advisor go through it if possible.  Having this information at hand will help you make a better and informed decision.  Many South African Business owners have lost their businesses today because of failing to comply with the ‘terms and conditions’ of a Business Revolving Loan. These business men and women who once qualified for financial assistance from major banks have now been blacklisted. However, when used wisely, a Business Revolving Loan is the ideal way of obtaining working capital and bridging finance items such as stock-in-trade and incidental equipment.

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A Business Revolving Loan could be the right choice if you:

•             Would like ongoing access to a loan of between R25 000 or more

•             Do not want to have to reapply for a business loan each time you need extra funds

•             Would like to have a fixed monthly Business Loan repayment plan

•             Are between long-term loans or purchasing property, stock, or equipment and need money to ‘bridge’ the financial gap faced by your business.

•             Would like a guaranteed amount on hand for use as long as the loan term lasts.

•             Would like to be able to make lump-sum deposits and withdrawals