Do you need Small Business Funding?
Many small businesses fail in the first 3-5 years because of a lack of working capital and ability to continue trading and pay their creditors as and when due. Small business owners can also experience a shortage of cash as they wait for their customers to pay.
Approaching a financial institution for a line of credit works only if you have a solid 2 years of trading activity in order to qualify for a credit limit and your credit score also needs to be built up for this which includes other accounts the institution can track your prior payment history on.
Borrowed money attracts interest however credit cards have higher interest rates and are a short-term solution meaning month to month. Having a draw period of 12 months enables a business owner to confidently navigate month to month knowing there is a line of credit in emergencies or for potential business growth needed in the next 12 months.
Are you looking for a solution to tide you through while you are working hard to build your business?
We are excited to introduce you to Bridgement, a company that is revolutionising the small business funding landscape.
Bridgement offers the following Small Business loans and financing options:
- Small business loans - These are loans to cover a once off business need.
- Lines of credit - This is a revolving credit facility that covers your ongoing needs.
- Invoice finance - Here Bridgement covers the cash you are supposed to be receiving from your debtors so that you don't run into cashflow problems.
- Trade credit - This facility enables you to purchase from your suppliers and use Bridgepay as a payment option.
Do you want to apply for a Small Business Loan or credit with Bridgement? Apply via our partner link to get great rates - ZPA Bridgement Partner Link
Important! Before applying for a loan please consult your accountant or us so that all your accounting and tax is up to date for the application. The success of your application relies on accurate financial data in the reports you supply for the application.
How does it work?
- You must be a registered company or cc
- You need to be in business for 6 months or longer
- You need an annual turnover of R500k or more
- You need to have Xero, Sage or Quickbooks software (if you don't then you can upload documents manually, see below)
- You need to ensure your accountant has brought your books up to date
- You apply online in minutes
- Your money is paid out in a matter of hours once assessed
Are there costs involved or an obligation to take the loan?
No.There are no costs or obligations for a client to get a facility in place. We recommend all businesses go through the application process to see what facility they could qualify for.
Can you apply manually without having accounting software?
Yes. Bridgement Finance caters for all clients and in the instance where you are hesitant to connect your Xero account, then you can submit an application using the below information. This can be uploaded manually using the link above (when you reach the page which indicates to connect to your software then you select other as the option to manually submit your documents):
- Latest original PDF 6 month bank statements;
- Latest set of management accounts/AFS;
- Latest debtors ageing.
What are the interest rates of credit from Bridgement?
The average interest rate is approximately 1.8% per month, however final rates are only clear on application.
What are the benefits of using a company like Bridgement for your working capital or small business loans needs?
- You can save on the time it takes to prepare financials for loans, banks usually want signed financials, management reports and in some instances business plans.
- You are qualified based on your trading performance
- The loan application and access to funds is very fast
- Access to funds in 24hrs
- Only pay interest on what you use
- No hidden costs
- Pay off as quick as you want and you won't be penalised
Do you need a Quote for our Tax and Accounting Services?
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