Our business loans are solely intended for assisting businesses with needed financing. While business loans involve the creation of a debt, which our client repays with added interest, we accommodate an array of business requirements for funding. As a financial institution in an industry with a reputation for poor response times and extreme documentation requirements, Genfin differentiates in providing clients with tailored business loans with approval and pay-out within one week from application.
We understand that the business world is fast-paced and therefore have an uncomplicated and effective application process.
When applying for a loan at Genfin, clients can rest assured that a loan agreement will be structured specifically suited to their business requirements. While we are not a one product/one size loan provider, we do believe in simplicity and have therefore created a single portal for business lending, invoice discounting and bridging finance.
Our repayment period varies between 1 month and 12 months and we levy a fixed once off interest charge between 5% and 40%, depending on the duration of your agreement and your risk profile. The interest charge is paid in equal instalments over the term of the loan.
Once you have repaid 50% of the loan amount, you are eligible to refinance the loan or draw an additional amount.
The standard interest charge is determined with reference to the loan term. Genfin may reduce the interest charge based on the risk profile of the applicant.
If your business meets the following criteria, you can easily qualify for:
A trading history of more than 12 months.
An annual turnover of more than R1m.
We take a number of factors into account when structuring your funding solution and determining the interest charge. There is no simple formula, but we work in 4 categories to determine an overall score.
Thank you to the Genfin team who organised and approved the short term funding we required to import coffee machines from abroad. We needed the funds within 3 working days from the date we were introduced to you and it was done! If we received the funds later, we would have lost the import special offer as well as lose on the exchange rate.
It is always great to work with a company who stands by their commitments and deliver what was promised.
CEO – The Coffee Co.
Been having dealings with Britt on a transaction. I have been in the service related industry for MANY years and am truly amazed at the lengths Britt has gone to assist a referral of mine which gives me enormous comfort in referring clients of mine to Genfin.
She is really a SUPER Star.
Thanking you and looking forward to a long and beneficial association!
Property Finance Specialist - Mortgage Max
Genfin was very helpful when we approached them! We were in the process of buying new property and had a shortfall on the deposit. We needed the money within 7 days to cover this.
A friend mentioned that I should search for companies that provide funding based on your turnover. I found Genfin online and filled out their online form. Someone got in touch with me within a short space of time. After completing the application, Genfin got back to me within 2 days to inform me that my loan has been approved and they were transferring the money to our account. My problems were solved, I paid for the property and today we are trading from it. Thanks to Genfin our business is solid and growing.
I would like to express my deepest gratitude for the services received from GENFIN, in response to application for funding for our business. We had two days to raise sufficient funds to meet our critical month end obligations.
Your 24hours turnaround time exceeded our expectations. Even the terms and cost of the loan is highly competitive.
The speed of service, professionalism and efficiency received from your staff has been incredible. Your simple and straight forward processes makes the application smoother and painless.
In addition, the compassion you demonstrated, specifically during the time of need is really great.
Executive Director | Master HR Professional | Bayajula
Phone 087 6544 300
Waterfront Terraces | Unit 4&5 First Floor | 3 Waterfront Road | Tygerwaterfront | 7530
Website designed by Cape Business Online