LULALEND FRIENDS IN FUNDING DRAW – COMPETITION TERMS AND CONDITIONS

Lulalend Proprietary Limited ("Lulalend") is running a competition for our Friends in Funding campaign ("Friends in Funding Draw") from 30 October 2019 to 13 December 2019 ("Competition Period"). The competition will be promoted via radio, online and social media channels, and details of the competition (including these terms and conditions) will be emailed to all entrants once an entry has been made.

The competition contains two prizes. The grand prize of R500 000 (five hundred thousand Rand) ("Grand Prize) will be awarded to eligible entrants who complete a full application on the Lulalend platform within the Competition Period. Each entrant who completes a full application, including submission of any required documents such as bank statements, has the opportunity to earn an entry into the Friends in Funding Draw. We will randomly select one entrant to win the Grand Prize, which will be deposited into the business bank account of the business.

There is also a secondary prize ("Affilate Prize") that will be awarded to a Lulalend affiliate ("Affiliate") (being someone who has been accepted into our official Lulalend Affiliate programme) if the winner of the Grand Prize was a referral made by such Affiliate. The Affiliate will win R15 000 (fifteen thousand Rand), to be deposited into the Affiliate's bank account. Should the Grand Prize winner not be as a result of a referral from an Affiliate, this Affiliate Prize will not be awarded.

The Friends in Funding Draw is subject to the terms and conditions set out below and must be read together with the Lulalend Terms and Conditions (including our Privacy Policy) which are accepted at the time of making a funding application.

  1. Eligibility

    1. Grand Prize:
      • In order to be eligible to win the Grand Prize, you must have completed a full business funding application within the Competition Period on behalf of a business you are authorised to represent. In order to complete a funding application, the business must meet Lulalend’s minimum requirements
        • The business must have been actively trading for at least 1 year;
        • The business must have a minimum annual turnover of R500 000 (five hundred thousand Rand);
        • If you are a Sole Trader – your business must be VAT registered;
        • The business must be based in the Republic of South Africa.
    2. Affiliate Prize:
      • In order to be eligible to win the Affiliate Prize, you must –
        • be registered and accepted as an affiliate in our official affiliate programme. The terms of our affiliate programme can be found here: https://www.lulalend.co.za/Affiliate/About; and
        • have referred the winner of the Grand Prize to us in accordance with the terms of the Affiliate programme.
  2. How to enter

    1. Grand Prize:
      • You are automatically entered into the Friends of Funding Draw when you complete a new Lulalend funding application. To do that, you need to:
        • Visit lulalend.co.za
        • Select `Apply Now`
        • Complete the application, including the submission of the financial information needed for an assessment and obligation free quote.
        • Or contact Lulalend on 087 943 2381 and complete an application with a Business Funding Specialist, including the submission of the financial information needed for an assessment and obligation free quote.
      • In order to win the prize, you do not need to accept our quote for funding or use our services in any respect.
      • After your application has been accepted, we will send you a confirmation email of your entry. If you do not wish to be entered into the draw, please notify us by email [support@lulalend.co.za] as soon as possible after receiving your confirmation email.
    2. Affiliate Prize:
      • An Affiliate is automatically entered into the Friends of Funding Draw when it refers a potential customer to us, who is eligible to enter the draw for the Grand Prize.
      • If you do not wish to be entered into the draw, please notify us by email [support@lulalend.co.za] as soon as possible after receiving your confirmation email.
  3. Competition Period

    • The Competition Period will run from 06:00 30 October 2019 until 23:59 on 13 December 2019 ("Closing Date").
  4. Prize, winner selection and notification

    1. Grand Prize
      • On a date to be determined by Lulalend within 28 days of the Closing Date, the Grand Prize winner will be randomly selected by us, using a web-based randomised number generator, from all eligible funding applications completed within the Competition Period.
      • The winner will be notified via e-mail and/or phone call.
      • Should we be unable to reach the winner for a period of 72 (seventy two) hours from the time of the draw, we reserve the right to select another replacement winner using the process set out above.
      • Once the identity of the winner has been confirmed and the winner has accepted the Grand Prize, the proceeds will be deposited into the winner’s business bank account by EFT. It remains the winner's sole responsiblity to ensure that the business bank account details supplied are correct, and provide any proof thereof as we may require.
    2. Affiliate Prize
      • Once the winner of the Grand Prize has been notified, correctly identified and has accepted the Grand Prize, we will establish whether such winner was referred to us by an Affiliate.
      • If the winner has been referred and this is confirmed by the winner, we will then award the Affiliate Prize to the winning Affiliate. If the Affiliate accepts the prize, we will pay the Affiliate Prize by EFT into the Affiliate’s registered bank account.
      • The winner Affiliate will be notified via e-mail and/or phone call. Should we be unable to reach the Affiliate for a period of 1 (one) month, we reserve the right to withdraw the Affiliate Prize.
      • If the winner was not referred, the Affiliate Prize will fall away.
    3. General
      • Lulalend's accountant or attorney will be the appointed auditors for this competition.
      • The judges decision is final, and no correspondence will be entered into.
      • Subject to the provisions of the Consumer Protection Act, 2008, the winner/s accepts the prize at its own risk and Lulalend will not be liable for any costs incurred by the winner/s in claiming their prize (including any taxes, bank charges, or other fees). Lulalend cannot be held responsible for any accident, injury, or loss of property experienced as a result of winning, accepting and/or using the prize money.
      • Entries, which are duplicated (in either substance or form, in Lulalend’s sole discretion), or which are unclear, illegible or contain errors, will be declared invalid. Any technical failures that leads to any promotional competition entry being invalid or not received will not be Lulalend’s responsibility and Lulalend will not be held responsible for technical errors.
  5. Additional Terms and Conditions

    • There is no entry fee to enter the Friends of Funding Draw.
    • Lulalend reserves the right to cancel or amend the Friends of Funding Draw and these terms and conditions at any time prior to the Closing Date in its sole discretion. Lulalend will notify applicants of any changes to the competition as soon as possible.
    • Lulalend is not responsible for inaccurate prize details supplied to any applicant by any third party who is not a representative or authorised by Lulalend and connected with this competition.
    • The winner/s agree to the use of their name and image in any publicity material and has the right to decline the use of their image in our marketing material by notifying us via an email prior to the end of the competition. Any personal data relating to the winner/s will be used solely in accordance with the Lulalend Privacy Policy, which is accepted by you at the time of making a funding application. Other than as may be required in law, or to our auditors or attorneys to satisfy the terms of this competition, a winners personal information will not be disclosed to a third party without the winners prior consent.
    • This promotion is in no way sponsored, endorsed or administered by, or associated with, Facebook, Twitter or any other social network or radio station. You are providing your information to Lulalend and not to any other party.
    • Notwithstanding any provision of these terms and conditions, the winner may not be a director, member, partner, employee, agent or consultant of or any other person who directly or indirectly controls or is controlled by Lulalend or marketing service providers in respect of the Friends in Funding Draw, or the spouses, life partners, business partners or immediate family members. In the event that the winner is any of the aforementioned persons, Lulalend reserves the right to draw a new winner until such winner is not any of the aforementioned persons.

Get in touch

Our team of dedicated account managers are ready to help. Give them a call on 087 943 2381.