If you are a business owner, you will know that there are times when your business proceedings are slower and less profitable. These ‘down times’ are experienced by most small to medium companies from time to time. This is especially common in retail or manufacturing industries with large order sizes, since one often has to order and pay for inventory or materials months in advance, even when you do not necessarily have the cash at hand. During these times, the outgoing cash in your business due to supplier and other payments may exceed your incoming cash revenue and debtor collections. Short term cash flow shortages are not uncommon in these cases. An effective way of dealing with this problem, is to apply for funding through short term loans.
Genfin offers short term loans between R100k and R5m that are repayable within 1 to 12 months, with a choice of weekly or monthly instalments. The interest rates payable with your loan are fixed and therefore will not be affected by rising interest rates.
We are not a bank and we do not operate as a bank. We will assess your loan application as fellow business owners. If we recognise growth potential in your enterprise and we believe that a short term loan will assist you in taking your business further, we will structure a loan agreement accordingly. Our loan amounts are determined by your business needs and can be paid into your business account within 2 to 5 days.
Since we focus on short term loans, the shorter your loan agreement is, the less interest you pay. If you agree to pay off your loan in a period of 6 months, a 20% interest levy will be added to your loan amount, whereas if you pay off your loan in 3 months, only 10% interest will be added, for example.
Our business funding solutions are aimed at helping businesses flourish, which is why we offer reasonable interest rates.
Complete this contact form and we will contact you to structure your funding solution.
If your business has been in trade for 12 months or more, and you have a turnover larger than R1m a year, you can qualify for our short term loans. All you need to do to set the process in motion, is complete our application form.
If your business is in need of financing, for whatever reason, do not hesitate to apply for a loan. Complete our online application and one of our consultants will contact you.
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
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