Getting funding for your business can be very challenging, but it could be easier if you have all the requirements in place.
Mobile network provider Vodacom is issuing out business loans under the banner of Vodalend. The funding is designed for businesses that need to buy office equipment, property or just to get the cash flow.
Here’s how Vodalend all works:
The loans are available online all you need is provide some basic details about you and your business and the application can be approved in minutes. Or simply call 082 1960.
Get your decision
Applicants will get a response within minutes.
The funds will be available in your bank account within 24 hours and can be repaid in standard instalment.
How to qualify
The minimum requirements for funding are much less intensive than those of banks. Your business must be located in South Africa and must be making an annual revenue of R500 000+ and must have been in operation for not less than one year.
Who should apply
Applicants should provide a company registration number or VAT number if they are operating as a Sole Proprietorship as well as the company’s financial history. Your best chance of success is to link your company bank account through Yodlee or your accounting package through Xero or Sage One Accounting. At minimum you need to provide pdf copies of your last 3 months bank statements.
What can I use the Vodalend funding for?
The funding is only meant for business needs such as bridging receivables gaps, managing cash flow, buying inventory and equipment and hiring employees.
How do i get in touch?
Need to get in touch with us? Call 082 1960 or email firstname.lastname@example.org and our Customer Care agents will assist you.