Ithala

Ithala Business loans is your ticket to success

It is not easy to start a business venture in South Africa, especially if you do not have solid finance.

Generally, the growth and management of every business require the use of business or personal loans, no matter whether it is big or small. Providing financing to individuals and businesses

Micron finance for small businesses

Ithala is a corporation providing financing to individuals and businesses in the KwaZulu-Natal Province of South Africa. We cater primarily to small and micro businesses that are unable to access the commercial loan facilities available from traditional banks. You should definitely consider the Ithala business loans if you are just starting out and you do not have many valuable assets and a lot of cash. The chances of getting a loan are very high.

Loans are subject to lending criteria

Just keep in mind that the loans are subject to lending criteria just like all of our counterparts offered by commercial lenders. In order to qualify for finance, a company must meet a set of general criteria like job creation, use of modern technologies and working with raw materials produced in South Africa. Basically, the company has to support the local economy via its activities. At the same time, there are no precise requirements for financial performance or collateral with our business financing.

Based on the prime lending rate

The interest rates are based on the prime lending rate. We are fairly competitive especially to what the major banks have to offer and our fees are affordable. Ithala business loans are an excellent choice for small businesses that are active in their communities. Ithala Development Finance Corporation loans are easily accessible and affordable.