You have started or already have a small business which you may have financed through your savings. And you would have had to save a lot to keep your business afloat.
As last minute business expenses pop up, such as you might be in need of new office equipment whether a printer or computer. Or just being prepared for the time between starting up and making a profit, where 12 to 24 months of savings would do.
In the current economic cycle where access to funds is limited especially for small businesses there is Nedbank Gap Access Loans, which provide a real value for businesses.
Nedbank Gap Access Loans offers businesses an alternative to the traditional business loan.
It is available to businesses that accept cards as payment with the advance of funds and repayment terms linked directly to card turnover, through the POS (Point of Sale) device.
This makes it easy to access cash advance to bolster working capital, and this further enables businesses to gain access to a revolving facility. Of which this can be availed once 60 % of the existing advance is paid up.
With the convergence of platforms and digitization, traditional financial services companies need to reinvent themselves to stay relevant, often having to consider disrupting their own products and services internally.
The flexibility of this tool allows businesses the luxury of having options in terms of capital intensive investments that are required to move their business to the next level.’
To apply click here.