Securing funding is one of the main challenges that face owners of South African SMEs. With little track record, these smaller businesses are often rejected or overlooked by traditional funders. Fortunately, Geddes Capital helps SME owners turn their dreams into reality with future-focussed business funding.
Here is everything you need to know about securing a business loan with Geddes Capital.
What is the purpose of the Business Loans with Geddes Capital?
At Geddes, our approach to funding is creative and future-focused. We consider each application in its own right, taking into account the company’s growth trajectory. As a result, we enable more businesses to make the most of present opportunities and move forward toward the future they deserve.
Businesses can get as much as R10 million in under five days with terms from as short as 6 months right up to 10 years.
How it works
Business Loans are simple with Geddes Capital. Here’s how they work in 3 quick steps:
- Fill out our application or contact form and one of their friendly financiers will get back to you with what they need to get going.
- They can advance 100% of the loan upfront, depending on your unique needs.
- They typically charge between 2.5% – 3.5% interest on loans from 6 months right up to 10 years.
Geddes Capital business loan application
Geddes Capital keeps its application process quick and paperwork-free because they know how valuable an SME owner’s time is.
Simply fill out an online loan application here and a Geddes Capital financier will be in touch to walk you through the rest of the process.
Qualifying criteria
Geddes Capital is flexible and creative in their efforts to fund your future. That said, they do have some basic qualification requirements:
- Registered South African company, close corporation, or VAT-registered sole proprietor.
- Have an annual turnover of R2 million.
- The business should be operating for over 12 months
Alternative Financial Services with Geddes Capital
There is no one-size-fits-all for freeing cash flow, especially for SMEs. Geddes Capital offers a range of services to take your business to the next level.
After receiving your application, a Geddes Capital financier will help connect you with the service that is right for your business. These are some of Geddes Capital’s further financial services:
Bridging Finance
A short-term loan that allows your company to “bridge” the gap to longer-term funding solutions. These loans typically have a term of 3 months to three years and are secured by property.
Trade Finance
Trade Finance works well for businesses that ship their stock to South Africa from overseas. It’s especially good if your products are tangible and complete for the end buyer and if you have a high-margin trade cycle of at least 15%.
There are various types of trade finance that will all help you increase cash flow for your eCommerce business. Here are the ones we offer at Geddes Capital:
- Pre-export trade finance
- Letter of Credit
- Supply Chain Finance
- Import Trade Finance
- Purchase Order (PO) Finance
Invoice Discounting
This service unlocks working capital and saves you time and labour. Essentially, you ‘sell’ your invoices to a funder for a portion – usually 70% – of their value. So instead of waiting for clients to pay you, you get a portion of the money upfront.
When the payment is due, your funder will collect it and pay you the balance – the other 30% – of the invoice less the interest charged. This option works well if your debtors are frequent customers that you supply on an ongoing basis with payment terms of 30 to 60 days.
Inventory Finance
Inventory finance works best for SMEs that sell products. It involves a funder helping you identify the right stock, and buying it for you. You can use the freed-up stock to market your store to sell more products than you’ve ever sold – without ever running out of stock. And you only have to pay your funder for the stock after you’ve sold it.
The result is that you have enough stock to supply the demand, so you never miss a sale, maximise your revenue, and take your business to new heights.
Advantages of Business loans with Geddes Capital
Business loans can be game changers, especially for SMEs. Here are a few of the advantages of taking a business loan.
Flexible Amounts
Geddes Capital’s business loans range between R1 million and R10 million per deal. It all depends on how much you need to make the most of current opportunities, grow your business, and fund the future you deserve.
Custom Payment Structures
Geddes Capital offers customized payment structures and terms to suit your business’s needs and cash flow with interest-only loans, partial capital payments, or a residual at the end of the loan period.
Safe
We have worked with businesses on 4 continents including 10 African countries. With over 100 years of combined industry experience, we know what it takes to support you in reaching your goals without the risk.
The bottom line
Geddes Capital aims to raise the bar when it comes to raising capital by striving to remove anything that stands between you and a prosperous tomorrow. Their experienced team is friendly, their terms are transparent, and their application process is fast and simple.
If you like what you’ve learned, why not fill out an application for a fast business loan with Geddes Capital today?