South Africa
Merchant Capital Advance
Look at cash flow anew when you take an advance on future card sales, with repayments coming from a percentage of daily sales.
Some of the benefits
No set monthly payments
Smooth out your cash flow by settling your advance from a portion of daily sales
Flexibility
Pay back your advance in line with your business' turnover
No hidden costs
All fixed costs are agreed up front, with no need for you to pledge assets
What you get
- Easy access to working capital with no set monthly repayments
- An advance equal to 80% to 100% of your average monthly card turnover
- Repayments are collected as a percentage of every future card swipe
- Quick and easy application process
- Get funded within 48 hours
Merchant Capital Advance is offered in collaboration with Standard Bank
How to get it
- You must be a South African citizen
- Your business must have been operating for at least 12 months
- You must have more than R 30 000 in monthly card sales
-
What you get
-
How to get it
- Easy access to working capital with no set monthly repayments
- An advance equal to 80% to 100% of your average monthly card turnover
- Repayments are collected as a percentage of every future card swipe
- Quick and easy application process
- Get funded within 48 hours
Merchant Capital Advance is offered in collaboration with Standard Bank
- You must be a South African citizen
- Your business must have been operating for at least 12 months
- You must have more than R 30 000 in monthly card sales
We also offer
Bizlaunch Account
Get your business up and running with a business bank account that offers special rates on business tools, guidance and support if your start-up is under a year old, and free access to internet, cellphone and telephone banking. The BizLaunch Account gives you all the functionality of a standard current account, but with the added benefit of bundled pricing.
Small business insurance
Get the cover your business needs in a tough environment, from brokers who specialise in your sector.