Frequently Asked QUESTIONS

You need to have a long-standing tenant, a good credit record, and a lease that has more than 3 months of term remaining.

It is available for both commercial and residential properties.

It takes up to 7 days.

With consignment stock, the obligation to pay for the stock only arises when that stock is sold to customers, so if there are no sales, there are no payments. With stock on credit, you usually get a certain number of days to pay for the stock that has been delivered, whether you’ve sold it or not.

We eliminate the guesswork, helping you plan ahead and stock optimally to ensure you never miss a sale again.

RetailRockit charges a small markup per item of inventory when that item is sold to your customers. This markup is fixed upfront and doesn’t change, no matter what, so you’ll always know exactly what it costs. There are no other costs, fees or charges and no surprises.

When RetailRockIT buys the stock from you, it is not delivered to us but stays exactly where it is in your supply chain as consignment stock and ready to sell to your customers. As your supplier has already been paid, all sales proceeds go to you, less the RockIT Cost.

In inventory finance we will purchase your stock from you directly whilst it is waiting to be sold in a warehouse. As items are sold the money is collected into a third party, digital account which is immediately re-distributed back to you less our fees. This system ensures full visibility for all parties involved.

Short-term or a revolving line of credit best suits inventory finance.

With consignment stock, you don’t need cash up front to buy stock from your supplier and, because you only pay for an item of consignment stock when you’ve sold it to a customer, you are able to match your income with your expenses, reducing the amount of working capital you need to run your business.

Marketplace Sellers with fast-moving product lines wishing to grow their business without having to resort to expensive credit lines.

We help you set up a new bank account to receive your sales distributions. This account is administered by a third party payments master (G-Pay) ensuring you receive your net sales revenue timeously and providing full transactional transparency.

Consignment stock is stock delivered to you by a supplier without you having to buy it first. You then market the stock and sell it to customers as if you had already purchased it. Only when you sell an item of consignment stock, do you need to pay your supplier for that item.

Our ideal client that would be best suited to inventory finance is someone who wants to purchase products to sell at a later date. It is an effective way to free up your cash flows and boost your balance sheet. This extra cash can then be used to purchase more stock or to grow other parts of your business. If you sell your goods on an E-commerce platform then we can not only assist you with inventory finance but help with processes to manage your inventory effectively.

To put it inventory funding simply you will sell your inventory to us and use a portion of your sales proceeds to pay off the loan. Inventory funding is an incredibly simple process, which still allows you to fully control your sales and customers directly.

At Geddes, we value transparency. We provide a clear breakdown of all charges associated with your loan upfront.

The loan amount primarily depends on the value of your property transaction and your business’s financial condition. We strive to provide flexible solutions tailored to your needs, so we assess each application on a case-by-case basis.

Remember, our team at Geddes is always ready to answer any additional queries you might have about property bridge financing. Our aim is to ensure you are fully informed and confident in your financial decisions. Get in touch with us today to start the conversation about how we can help your business thrive.

We understand that property transactions can sometimes face unforeseen delays. If such a situation arises, we encourage our clients to communicate with us promptly. Our team will work closely with you to determine the most appropriate course of action.

In the complex world of property transactions, Geddes stands as a steadfast partner ready to provide the bridge financing solutions your business needs. Contact us today to discuss how we can help your business cross the gap from opportunity to growth.

Anyone who can’t wait for the bank to take 4 months to make a decision or has been rejected by the bank because they don’t tick a box should apply with Geddes Capital for a bridge loan.

Give us a call to chat about our Bridging Finance loans in more detail. We’ll take you through the application process and, if approved, we will advance the cash to you immediately after the digital signature of the relevant docs.

The interest rate for your bridge loan is determined based on several factors, including the risk associated with the loan, the loan term, and current market rates. At Geddes, we ensure our rates are competitive and suitable for your unique circumstances.

Our priority is to provide the funds as quickly as possible, usually within a few business days once the funding plan is agreed upon.

Yes, if you find you’re in a position to repay your loan early, that is absolutely possible. We don’t charge any early repayment fees, as we understand that business situations can change rapidly.

Any South African business that is in the process of finalising a property transaction can apply, irrespective of the size or sector of your business.

The main challenge with getting traditional finance is that it either takes too long or customers don’t fit the cookie cutter mould the bank has created. Bridging finance and bridge loans solve that problem!

Bridge finance is a short-term loan that allows companies to “bridge” the gap to longer-term funding solutions. These loans typically have a term of 3 months to three years and are secured by property.

A company that is in financial distress and cannot secure PCF would most likely need to be liquidated.

In terms of the Companies Act, PCF obtained during the company’s business rescue process that has been approved by the business rescue practitioner, will rank ahead of the company’s historic, unsecured creditors. When Geddes provides PCF, we would require tangible assets or debtors as security for a PCF loan. The other terms and conditions will vary according to what’s required in the circumstances.

For us to provide initial feedback, we would need to consider the business’s two most recent sets of published annual financial statements and last six months of bank statements.

A company that enters business rescue is usually over-indebted, and would usually need an injection of “new money” to assist in settling historic debts and providing working capital to increase turnover. A business rescue will rarely (if ever) be successful without PCF.

Absolutely, we will consider future income and projections. Give us a buzz and we can talk you through it. We always strive to see potential, not problems.

Although we are super flexible, we do have some base requirements. Your business must have a minimum annual turnover of R2 000,000, and your business must have been actively trading for at least one year.

Our approach to funding is future-focused, and our process is fast and creative with transparent costing. We offer payments that suit your business’s cash flow needs and are happy to work with you to structure something customised for you.

We are happy to assist you with between R1 million and R15 million.

We say go for it. When taking out a business loan and you would like to settle early, no penalties will be charged.

We can offer interest-only loans as well as adjust your payments to suit your business’s cash flow. We strive to look for new ways around anything that stands between our clients and their business success.

Because we don’t believe in a cookie-cutter approach to funding, we like to be flexible to suit our clients’ needs. We typically prefer a minimum funding period of 3 months but we are happy to fund you for up to 36 months or longer.

We can make payment in as little as 48 hours, provided we have all the relevant documents and information.

It all depends on you. No pressure! Provided we have all the necessary information, approval can be given within 24 hours.

The initial online application takes less than 2 minutes to complete. We know everyone hates filling out forms, so feel free to give us a call on +27 21 300 0211 and let us know if you need help or want clarity.

Geddes Capital’s initial funding application (as in the first step) takes place primarily online. Head over to geddescapital.co.za and click on the Apply Now button at the top right, then simply follow the steps to secure the funding you need.

Good question. Yes, we are registered with the NCR and are an authorised financial service provider.

We do not normally fund start-ups, however, we will look at your future projections and the type of security you can offer and make a decision based on that. That’s because we consider each application for a business loan in its own right, taking into account the company’s growth trajectory.

No, we only offer funding to registered South African companies, close corporations and sole proprietors who are VAT registered.

When applying for a business loan, we prefer using our digital link, you can upload your latest 3 month’s formal bank statements in PDF format. Normally, these can be downloaded for free from your online banking platform. Please be advised that scanned copies are unsuitable as we will not be able to extract the data automatically. This will likely result in the approval process taking longer.

Your profile is safe with us. When you link your bank account during the application process, neither our service provider nor Geddes Capital have permission to perform any payments, transfers or other transactions using your information. We will see your transactions as read-only. Geddes Capital uses your financial data for the sole purpose of assessing whether you qualify for business finance.

We will require your latest management accounts and at least one full year of annual financials.

VAT registration isn’t a necessity. We will however need a statement of account from SARS.

You can contact our support team at getfunded@geddescapital.co.za

Most of our agreements are signed digitally. Should there be any documentation that you need to sign in person, our legal team will arrange to meet you at a convenient place and time.

Adverse listings and judgements are always a challenge. We are happy to consider each one on a case by case basis. It might be worth calling us to discuss this directly.

Yes, in fact, we only offer secured funding.

Yes, we offer business loans in Cape Town and we offer business loans in Johannesburg. In fact, we have and offer business loans all over South Africa.

Sure, we are always happy to meet our customers in person. We do however suggest you fill in the details online first or give us a buzz on +27 21 300 0211

Yes, all information submitted is treated confidentially and will only be used by the Geddes Capital team to assess your application and funding needs.