At any stage during the operation of your business, business finance will be required for an array of reasons including new equipment, refurbishments, and working capital management. Whilst business financing can be obtained in several ways, including bank loans, credit arrangements, equity investments and more, Genfin prefers a more flexible and tailored solution.
Genfin offers business finance solutions that clients can rely on. Our finance loans are available to businesses in South Africa that have been in operation for more than a year and have a turnover of at least R1m. Providing tailored funding for business is part of our expertise and we will assess your business as fellow business owners and not as a bank to construct a solution that is suited to your business needs.
If your business has been successfully operating on a consistent basis, for at least 12 months and meets our turnover threshold, you are eligible for Genfin’s finance loans. Therefore, no red tape – all we need is your application, which you fill in online, your bank statements, management accounts and company documents.
Genfin wants to help thriving entrepreneurs extend and grow their companies and offers uncomplicated and effective funding for business.
We apply an annual interest rate from 35% on the reducing balance of your business loan.
We structure all repayments up to a 12-month period. We can structure it over a shorter period however, and in addition, you are welcome to deposit additional capital at any point to reduce your interest charge and shorten the repayment period of your business loan.
You can deposit additional capital at any point to reduce your interest charge and shorten the repayment period of your business loan.
You can access funds by redrawing additional repaid capital at any time.