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Cash Advance

Business funding made for merchants

A merchant cash advance is a popular short-term loan option to help businesses manage their operational costs until payments are made by clients. The benefit of this type of short-term business financing is the significant saving on interest. This is especially true if the lender has no penalty fees for early settlement. There is also usually no collateral required. Show more

When you're facing unexpected expenses like business repairs, or it's business tax season and you need some extra funds, a cash advance can be a helpful financing option.

Another advantage of taking out a merchant cash advance is that this form of business financing is very quick to access, does not require any collateral and can boost your cash flow quickly.

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A financing option that won’t mess you around

If you're looking for a quick, easy solution to your working capital needs, a merchant cash advance could be the best financial solution for your business. Lulalend's quick and easy online application takes minutes to complete, requires no paperwork or collateral and gives you access to up to R1,5 million in as little as 24 hours. Show more

With our hassle-free automated process, you can enjoy easy access to business funding, a flexible repayment solution, and no penalty fees for early settlement. We make it easy so that you can get back to focusing on your business, while we focus on providing the working capital you need to keep growing.

Accessing business funding shouldn’t be complicated or time consuming, which is why we've kept our application simple.

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How to apply for Lulalend cash advance

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 R1,5 million line of credit | Choose 6 or 12-month terms | Apply in minutes

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.

There's a better way to fund your business

"“Lulalend not only made it possible for me to get access to the funding I needed for inventory purchases but their application process was easy and uncomplicated. It is completely online so I could do it from anywhere at any time and it took me no more than 10 minutes. A response to my application was also remarkably quick and I received the funding I needed within 24 hours – that’s unheard of with traditional lenders.”"

Testimonial image
Phaedon Gourtsoyannis
Founder of Cape Coffee Beans

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

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

Cash Advance FAQs

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

What is a merchant cash advance?

A merchant cash advance is a type of short-term business funding. You will receive a lump-sum payment from a company in exchange for a percentage of your future card sales

How does merchant cash advance work?

With a merchant cash advance, a lender will give you cash in exchange for a portion of your future sales. You might make daily or weekly payments until you have repaid the advance. There might be a certain limit for the number of monthly sales you need to make before you can qualify

Is a merchant cash advance a good business?

Merchant cash advances are becoming more popular because they give small business owners the ability to get funds even if they don’t have a long trading history. You also get instant access to the funds, and these advances are usually unsecured.

How much does a merchant cash advance cost?

This will vary by lender. Pay careful attention to all the fees involved in the merchant cash advance. You might have to pay extra fees, like monthly administration costs.

How can I get out of a merchant cash advance?

You have a few options if you want to get out of your merchant cash advance. Consider replacing the cash advance with an unrestricted term loan. You’ll need to evaluate each option to determine if it makes sense for your business.

What is the difference between a loan and a cash advance?

Typically, loans are repaid according to set terms, like rates and periods. A cash advance, on the other hand, is repaid based on your daily or monthly credit card transactions.

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