SME Finance Solution

Short-Term
Finance

Business Partners Ltd Short-Term Finance provides quick access to finance ranging from R250 000 to R750 000 to established and viable businesses. The finance can be used for the working capital needs of your business.

Short-Term Finance

Quick finance for your short term working capital needs.
About Business Partners Ltd Short-Term Finance
Business Partners Ltd Short-Term Finance provides quick access to finance ranging from R250 000 to R750 000 to established and viable businesses. The finance can be used for the working capital needs of your business.

Business Partners Ltd Short-Term Finance solves the short-term cash constraints for the business. Finance can be used to address:

(I)Temporary cash constraints due to

  • Change to Growing debtors book.
  • Upfront investment in stock before receiving cash from customers
  • Entering a new growth phase
  • Quiet periods in a cyclical business.

(II)Unexpected large cash requirement due to:

  • A new contract
  • Peak demand for specific products
  • A sudden increase in input costs

To qualify, your business must meet the following criteria:

  • The business must be a registered entity.
  • The business must have a trading history of no less than 2 years.
  • The business must reflect a history of growth in turnover.
  • The business must have a valid tax clearance certificate.
  • The business must have a profitable track record.
  • The business must have a clear credit record.
  • The business must be able to afford instalments based on cash flow history.

We require these documents to process loan applications for Business Partners Limited Short-Term Finance:

  1. Certified copy or original copy of ID’s of beneficial shareholders
  2. Signed Annual Financial Statements not older than 12 months from the date of application.
  3. 12 months cashflow forecast of the business.
  4. Statement of assets and liabilities of all beneficial shareholders / members
  5. Signed Management Accounts not older than 3 months from date of application.
  6. Last 12 months bank statements for the business.
  7. Confirmation of bank account details issued by the relevant bank.

The cost of finance is risk dependent. The repayment term is generally up to 18 months:

  • Only repay interest for the first 6 months.
  • Repay the loan and interest from month 7 to 18.

We structure the financing term and cost of finance as part of our due diligence process and the cost of finance is adjusted for risk.

The repayment term is generally up to 18 months:

  • Only repay interest for the first 6 months.
  • Repay the loan and interest from month 7 to 18.

This financing solution is only available to businesses with a trading history of no less than 2 years. As such, start-up businesses are not financed using this financing solution.