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.
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.
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 021 3000211.
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.
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.
Due to the nature of invoice discounting, ad hoc arrangements aren’t suitable for this type of facility.
Yes, in fact, we only offer secured funding.
We will require your latest management accounts and at least one full year of annual financials.
Ideally, we need at least 12 months of trading history. We do always try to be creative, and if you do have less than 12 months trade history please do get in touch and we can assess the viability. Often, in these instances, we will require additional security.
Yes, typically we would prefer to focus on margins of at least 15%
No, we only offer funding to registered South African companies, close corporations and sole proprietors who are VAT registered.
Yes, all information submitted is treated confidentially and will only be used by the Geddes Capital team to assess your application and funding needs.
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.
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.
You can contact our support team at firstname.lastname@example.org
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.
Typically, we will intercede and manage all incoming and outgoing payments related to the trade. In some instances, when this is not possible, we will use a third party ‘paymaster’ to manage the payments on both the traders and the funders behalf.
We understand that happy customers are everything. Our experienced, professional credit control team quickly develop relationships and trust with your customers ensuring efficient collection of funds owed. For most businesses, credit control, debtors administration and credit checks are a time consuming headache. We do it all on behalf, and we do it well.
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.
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.
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 021 300 0211 and let us know if you need help or want clarity.
It all depends on you. No pressure! Provided we have all the necessary information, approval can be given within 24 hours.
We hear you. The collection of money can be a sensitive issue when trying to develop relationships to grow your business. Rest assured, we handle credit control in a professional way, which will reflect well on your business and give you an improved standing with customers.
Good question. Yes, we are registered with the NCR and are an authorised financial service provider.
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.
Geddes Capital’s Invoice Discounting charges a transparent discount fee on the invoice advanced per month.
We are happy to assist you with between R500,000 and R7 million.
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.
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.
In trade finance, we would fund the first ‘trial’ trade cycle in the range of R1-5m. Upon completing the first trade cycle we will consider scaling up accordingly.
Traditional banks often use your debtors book to secure an overdraft. This often leaves a big gap between the overdraft facility and the actual debtors book value. Geddes Capital’s Invoice Discounting advances you up to 75% of your entire book, meaning you’ve got a much higher potential facility. We can assist with the transition to help your business realise its true potential. Good thing we’re not your typical, traditional bank.
We say go for it. When taking out a business loan and you would like to settle early, no penalties will be charged.
VAT registration isn’t a necessity. We will however need a statement of account from SARS.
Our rates are typically based on a profit share scenario; to calculate this we will consider the profit margin, trade turnaround time and overall risk. Alternatively, we will consider offering a monthly fixed rate of between 3-5%. Trade affordability is key for us when calculating our rates and this is done on a trade-by-trade basis.
Invoice discounting is an easy way to advance funds on your invoices immediately after invoicing your customer. You don’t need to wait for the term of the debtor to get paid. It’s a bit like fast-forwarding to the future to receive money that is owed to you. All in all, invoice discounting is a safe and secure way to release funds tied up in a debtor’s book.
Factoring is when a business sells its invoices to a third party and then the factoring company collects the debts at its own risk.
Invoice discounting is a way to turn invoices into cash against your invoices. However, the business retains the responsibility to ensure the invoice is paid.
We focus on funding tangible, market ready products. We will not work with highly perishable goods (unless there is additional security). We can structure deals for the following types of transactions; pre-export trade finance, supply chain finance, import trade finance and purchase order finance.
This depends on the type of facility best suited to the trade. For a typical trade finance transaction, we will typically take the commodity itself as security. On top of this we may also take a letter of credit, a secure purchase order as well as personal guarantees. We may also consider taking unencumbered assets as additional security. We will work creatively to structure the best solution for both the trader and the funder.
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.
We can make payment in as little as 48 hours, provided we have all the relevant documents and information.
Short-term or a revolving line of credit best suits inventory finance.
Invoice discounting saves you time and effort. A major challenge with any debtor’s book lies in the actual administration and collection process. Geddes Capital’s Invoice Discounting takes over the administration of your sales ledger and trained professionals provide customer credit checks, credit control and efficient debtor administration. So you can focus on growing your business, while we focus on invoice discounting.
Absolutely not! Our team keep you in the loop and stay in constant contact with you and the relevant members of your business. Plus, our online system gives you the ability to log in at any time and see what is going on with your account.
It’s always wise to weigh up the costs and benefits of any financial decision. Releasing cash tied up in the debtor’s book earlier gives you the benefit of working capital, which you can use to take advantage of opportunities that could increase your future prosperity. Many clients offset the cost of factoring by taking settlement discounts from their suppliers or paying creditors cash on delivery and negotiating discounts on purchases.
Over R20 billion in turnover is factored by South African businesses each year. It can be a sign of a rapidly expanding business rather than one that is in financial trouble. Our professional staff will assist you in explaining our involvement to your customers in a way that puts them at ease and incites confidence.