For a small business, easy access to working capital can mean the difference between a good trading month and a bad one. Lulalend’s Revolving Capital Facility gives you the peace of mind of knowing you can immediately access business funding when you need it most. Show more
With our Revolving Capital Facility, you have instant access to a line of revolving capital, without needing to reapply. Lulalend’s secure and paperless online application process takes only minutes. You can access up to R5 million in unsecured, unrestricted business funding. And because your business is important to us, your account is managed by a dedicated funding specialist.
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How does our Revolving Capital Facility work?
You access your business line of funding when you need it, rather than reapplying for new business finance each time. No more unnecessary paperwork when you need extra funding; simply log in to your Lulalend profile and access funds at the click of a mouse.
Here’s why more business owners are using Lulalend’s Revolving Capital Facility to grow: Show more
You only pay for what you use.
There are no monthly account fees.
Settle whenever you want, pay no early repayment penalties.
And because the facility works like Revolving Capital Facility, the capital amount becomes available again after every repayment.
You must have been in business for at least one year and make a minimum annual revenue of R500 000. Join thousands of SMEs across South Africa. Get a free quote today.
We've simplified the lending process with our 6 and 12 Month Plans. Every month you pay back 1⁄6th or 1⁄12th (depending on which plan you choose) of the total advanced amount plus
the monthly cost. Monthly Costs are 2% - 6% of your advanced amount for the first 2 or 4 months (plan dependent) and 2% for each of the remaining months. You can pay early and save.
months
Total repayment
R10,450
No additional costs
Month
Capital payment
Cost *
Monthly payment due
1
R10,000
R450
R10,450
2
R0
R0
R0
3
R0
R0
R0
4
R0
R0
R0
5
R0
R0
R0
6
R0
R0
R0
7
0
0
0
8
0
0
0
9
0
0
0
10
0
0
0
11
0
0
0
12
0
0
0
Total
R10,000
R450
R10,450
* Based on average Lulalend Score and credit history — no hidden costs and no early repayment fees.
There's a better way to fund your business
"In the manufacturing industry you often sit in between projects with this lull, so for us cash flow is a huge challenge. Just to get funding or capital as a small business owner is almost impossible. If it wasn't for Lulalend we would have sunk a long time ago because of the bridging gap. We had the turnover and capacity but we couldn't get from month to month on the cash flow going in and out of the company."
We're covering the most frequently asked Revolving Capital Facility questions we get from business owners
What is a business credit facility?
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A credit facility is a line of credit you can tap into when you need business funding. When you have a business credit facility, you can withdraw capital whenever you need it, without having to reapply.
How do I apply for a credit facility?
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Different lenders have different application processes. Banks typically require more paperwork and take longer than alternative lenders such as Lulalend. Lulalend’s online application process takes only minutes and is paperless. Lenders will consider your business performance and ability to repay the credit when they assess your application.
How do credit facilities work?
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Credit facilities let SMEs access capital up to an agreed limit whenever they want, without having to reapply each time. The lender agrees to make a line of credit available to you. You repay the credit over an agreed term.
What is the benefit of a credit facility?
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For a small business, easy access to working capital allows you to take advantage of opportunities for growth. A business credit facility gives you peace of mind because you have instant access to funding.
Get approved for up to R5 million today. No fees, no commitments
