The recently published 2017 NSBC Survey once again reveals that the biggest obstacle holding a small business back from growing, remains lack of funding and /or insufficient cashflow. This is because traditional finance channels can take months to vet the creditworthiness of a business, often resulting in missed opportunities.
Pollen Finance was established just over 2 years ago to service this very need. Sophisticated back-end technology allows Pollen Finance to make a responsible decision based on one’s business performance within as little as 3 days. Loans between R50K and R1.5million are available to qualifying businesses. In order to qualify, the business must be older than 1 year and must have an annual turnover of at least R1million.
The average loan term is over 6 months with weekly repayments. (Monthly repayments are available depending on the cashflow of the applicants business). Loan fees are discounted if the term is shorter.
The product is perfect for businesses wishing to respond to the following opportunities / challenges:
– Stock purchases
– Purchasing of equipment
– Partnership buy outs
– Remodelling and renovating
– Business expansion
– Managing cashflow
With just on R500 million in loans to date, Pollen Finance has established itself as a leading business loan provider in South Africa. Their professional service and transparent processes has enabled many small businesses to grow through financing. So much so that over 65% of their clients return for funding opportunities.
South Africa desperately needs entrepreneurs to boost the economy and to create jobs, However, they often fail when cash flow is temporarily tight or new equipment is needed to expand and banks are reluctant to secure loans for them. This is why fast, short-term funding is a vital component of success for small and medium business owners.Pollen Finance suggests all SME’s should complete the free application process online, as one never knows when opportunity comes knocking. It’s those businesses that have the facilities in place, that can fastest respond to the growth opportunities that present themselves from time to time.
Go to pollenfinance.co.za and apply online today.