Small business loans are generally applicable to small to medium sized businesses, required from time to time to start, manage, or expand their businesses. Applying for small business funding from banks is nearly impossible due to an endless amount of paperwork and strict regulations.
Genfin is not a bank. We offer small business loans to local companies in which we recognise growth potential. Although we do not offer funding solutions for start-up companies, we are happy to facilitate a loan if your enterprise has been operating for more than a year and has an annual turnover of R1m or more. We offer loans of up to 50% of your monthly turnover to help entrepreneurs grow their businesses.
Avoid the complexity, confusion and uncertainty of applying for finance from your bank. Apart from our proven track record, and the fact that we approve loans faster than banks, here are a few other reasons to choose Genfin for small business funding:
No lengthy application process
No burdensome, personal detailing and credit checks
No long list of preconditions
Cost effective and flexible to your changing business
No hidden costs
Making use of our funding for small businesses might be exactly what your company needs to thrive. Whether you need extra funds for the upgrade of your workspace, working capital, to acquire new staff members, or to take advantage of a new opportunity that will benefit your business – we will determine a loan amount and structure a loan agreement in accordance with your needs.