LendLink

As their name LendLink suggests, they’re a brokerage company that assists SMEs within South Africa to acquire business loans and advance their businesses.

The business sector in South Africa consists primarily of SMEs, so they’re an integral part of the economy and the livelihood of many people. Despite their crucial role in the economy, SMEs still find it challenging to obtain appropriate financial solutions to build up their businesses.

Their mission is to assist SMEs to acquire business loans by providing alternative products and solutions that traditional financial providers, such as banks, don’t offer.

A value-driven company

They understand how tough things can get for SMEs. That's why they’ve made it their mission to specialise in providing business loan products to SMEs through a value-driven process. Due to their specialisation in the field, you can rely on them to provide you with the service that you deserve.

A significant part of a value-driven company is honesty and transparency. With them, you can rest assured that they’ll do the best they can to identify the ideal solution for you. Should they be unable to do so, they’ll inform you of the situation.

They’ll also never lead you astray with offers that are misleading or make promises they can’t keep. They’ll keep you informed about their procedures and will never charge any hidden fees.

They’re caring and understand that a lack of access to finance can take its toll and lead to serious frustration. This is why they exercise extra care to deliver loans quickly and without red tape. To save you some time, they'll handle your whole application so you can focus on other matters.

Their online application procedure is remarkably efficient and quick, so you can get back to really important matters.

Once your application is submitted, they’ll take care of the rest and notify you when they receive a business loan offer.

Initially, you merely have to complete a straightforward online loan application. After that, they require you to submit your last 6 months’ bank statements. You should get provisional offers from a couple of prospective business leaders. They’ll then assist you in choosing the most attractive offer. Once you’ve chosen your business loan partner, you can sign your loan agreement and will receive your money in 3 days, at the most.

Who do they assist with finance?

As stated previously, the criteria for a business loan may differ from lender to lender and may also depend on what you require. They expect you to have been in business for at least 12 months with a minimum monthly turnover of R45 000.

When would you need their help?

SMEs often face unique financial challenges when compared to larger companies. Larger companies can often absorb the cost of smaller things whereas an SME might need financial assistance to do so.

They offer SMEs financial assistance when seeking help with the following: purchasing inventory, hiring employees, marketing, remodelling and renovating, opening new locations, cash flow problems, unexpected expenses, acquiring new equipment, and bridging loans.