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Business Funding

Business financing for your needs

Most entreprenuers who start their own business will need financing from outside sources from time to time. You need cash for essentials like inventory, payroll, equipment and marketing. Rather than dipping into your profits, business financing can cover your costs while keeping your cashflow intact.

This kind of financing can be extremely beneficial during a growth period, to smooth fluctuating cash flow or to prepare for a busy season. If you are considering borrowing money for your business, consider how you will use the funds. If you know that taking the funds will put you in a position pay it back quickly, then small business financing is a great option.

How it works

Apply online at Lulalend Small Business Funding - Step 1

Apply online

Apply online for free. We just need some basic details about you and your business and aim to get you approved in minutes.

Or call us on 087 943 2381 and we can assist you in getting your application underway.

Apply online at Lulalend Small Business Funding - Step 2

Receive your decision

You will be provided a decision in minutes – no paperwork, no waiting, no commitment.

Our fees are transparent and easy to understand so that you know exactly how much needs to be repaid.

Apply online at Lulalend Small Business Funding - Step 3

Get funded

Business funding of R20,000 to R1,500,000 - we aim to have the funds in your bank account within 24 hours.

Repay in standard installments over 6 months. Or choose to pay early with no penalty fee!

What will I pay?

We've simplified the lending process with our 6 and 12 Month Plans. Every month you pay back 16th or 112th (depending on which plan you choose) of the total advanced amount plus the monthly cost. Monthly Costs are 2% - 6% of your advanced amount for the first 2 or 4 months (plan dependent) and 2% for each of the remaining months. You can pay early and save.

80000
6 months
Total repayment
0
No additional costs
Month Capital payment Cost * Monthly payment due
1 0 0 0
2 0 0 0
3 0 0 0
4 0 0 0
5 0 0 0
6 0 0 0
7 0 0 0
8 0 0 0
9 0 0 0
10 0 0 0
11 0 0 0
12 0 0 0
Total 0 0 0
* Based on average Lulalend Score and credit history — no hidden costs and no early repayment fees.

Business Funding FAQs

We're covering the most frequently asked business funding questions we get from business owners

Do I qualify for business funding?

To be eligible for Lulalend business funding, you need:

  • Annual turnover of R500 000
  • One year trading history

How much can I borrow?

You can borrow between R20 000 and R1.5 million.

How long does the application process take?

You apply online in minutes. Once approved, the funds are in your account in 24 hours.

How is Lulalend different from a bank?

Banks have stringent minimum requirements to qualify for business loans. You’ll need physical collateral, significant amounts of minimum revenue, volumes of documents, and longer trading history.

Lulalend is different because, unlike traditional lenders, our risk model is built for SMEs. At Lulalend, all you need is your bank statements, 1 year trading history, and R500 000 annual turnover. The application process is 100% online, and you don't need to provide collateral.

How much does Lulalend's business funding cost?

Business funding costs range between 5% and 12% and is determined by the risk and overall scoring of your business. Visit our funding calculator on www.lulalend.co.za to work out your approximate costs.

What is a good credit score to get business funding with Lulalend?

When you apply for business funding, lenders evaluate both your personal and business credit profiles. Lulalend uses the real-time performance of business to make a credit decision, instead of relying on your credit score.

Get approved for up to R1,5 million today. No fees, no commitments