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Business Loan in Johannesburg

Applying for a business loan in Johannesburg?

At Lulalend we've designed business loans for SMEs like yours. Unlike the banks, Lulalend meets the needs of SME owners wanting to apply for a business loan in Johannesburg. Our focus is on a real-time assessment of your business’s cash flow, allowing us to make an accurate assessment of the amount your business can afford to borrow. Show more

We don’t require physical collateral and you get your funding within 24 hours of applying. Access up to R5 million, and with our capital facility, you can have instant access to a line of Revolving Capital Facility, without needing to reapply. We don’t have any hidden fees, our application process is simple and we consider the needs of your business first.

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How to apply for Lulalend business loan

Apply online at Lulalend Small Business Funding - Step 1

Complete your online application

Apply online at Lulalend Small Business Funding - Step 2

Select how much you need

Apply online at Lulalend Small Business Funding - Step 3

Get approved in 24 hours

Up to R5 million line of funding | Choose 3, 6, 9 or 12 month terms | Apply in minutes

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What will I pay?

We've simplified the lending process with our 6 and 12 Month Plans. Every month you pay back 1⁄6th or 1⁄12th (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.

There's a better way to fund your business

"In the manufacturing industry you often sit in between projects with this lull, so for us cash flow is a huge challenge. Just to get funding or capital as a small business owner is almost impossible. If it wasn't for Lulalend we would have sunk a long time ago because of the bridging gap. We had the turnover and capacity but we couldn't get from month to month on the cash flow going in and out of the company."

Testimonial image
Christiaan Servaas de Wet
Business owner at C and G Fine Art

Why Lulalend?

  • Apply in minutes
  • Transparent, flexible terms
  • Access to finance in 24-hours
  • Customer-centric service
  • Unsecured financing
  • Trusted by local SMEs
  • No long queues or extensive paperwork
  • We say yes more often
Apply now

Why Lulalend?

  • Apply in minutes
  • Transparent, flexible terms
  • Access to finance in 24-hours
  • Customer-centric service
  • Unsecured financing
  • Trusted by local SMEs
  • No long queues or extensive paperwork
  • We say yes more often
Apply now

Business Loan in Johannesburg FAQs

We're covering the most frequently asked Business Loan in Johannesburg questions we get from business owners

How to get a business loan?

To obtain a business loan, first determine the purpose of the business loan, e.g., do you need funds to purchase equipment or cover seasonal cash flow gaps. Next, decide on which type of loan is right for your business. Now you’re able to list the lenders that offer the type of business loan you need.

Check out those lenders to evaluate whether or not you qualify for the business loan. Learn more about the application process and required documents.

Follow these steps to help you clarify your goals and assess your business’s financial health.

How to apply for a business loan?

Once you have defined the purpose and value of the business loan, it’s time to approach your selected lender. Application processes differ depending on the lender.

In most cases, you will need to provide your financial information and business documents. Depending on the funding institution, lenders may ask for a business plan and cash flow analysis. Some institutions will also require collateral. Online lenders usually only need your ID and recent bank statements.

Lenders typically check your credit history during the application process.

Where to get a business loan with no credit?

Lenders will base their decisions, in part, on your credit rating. But, it’s not impossible to secure a business loan with a limited credit history.

Lulalend’s credit team explained that your current level of debt and payment history will influence your credit rating. When you submit your business loan application, lenders will access data about your credit history from the credit bureaus.

Alternative funders use several data sources to assess your credit application. This approach improves your odds of obtaining a business loan with a limited credit score.

How long does a business loan take to get approved?

The time from application to approval depends on the funder. For instance, it could take several weeks for your application to be approved. On the other hand, online lenders make an instant decision.

How do business loans work?

Funders give you capital to grow your business. You agree to pay back the business over a set period of time, with interest. Typically, you’ll pay monthly installments.

What is needed to apply for a business loan?

Common requirements include business turnover, trading history, and credit rating. There are creditors that will ask for your business plan, financial statements, and cash flow projections.

Traditional funders will require collateral, like equipment or property.

What documentation is required for a business loan?

Here is some of the documents you will need:

  • South African ID
  • Bank statements
  • Balance sheets
  • Business plan
  • Cash flow statements

Some banks will also need your registration and incorporation certificates.

What is an unsecured business loan?

An unsecured loan means you don’t have to attach any collateral. More and more funders are offering unsecured business loans.

Some banks will waive the need for collateral if you have a purchase order. And most fintechs lenders don’t require security.

How hard is it to get a business loan?

Your chances of getting approved depend on the lender you choose. Funders will assess the health of your business, and the amount of financing you need.

Lulalend’s credit team added that your personal financial situation will also impact your business loan application. If you are overly indebted, you might need to repay some of that debt before you can apply for a business loan.

To increase the likelihood of getting approved, take the time to research lenders.

Get approved for up to R5 million today. No fees, no commitments

Apply now