Simplified Business Funding with Bridgement
Securing funding for your business does not have to be complicated or time-consuming. TLOK has partnered with Bridgement, who offer unsecured business funding as a straightforward alternative to traditional bank financing.
Why Choose Bridgement?
Most businesses use Bridgement facilities to take on larger projects with longer payment terms. To safeguard your cash flow, we recommend applying for a Bridgement facility in advance. If you don’t use the facility, there are no costs or obligations. If you do, all terms will be clear and transparent, enabling you to make informed decisions.
How it works:
- Quick Application: Complete the simple online application in about 2 minutes.
- No Fees Upfront: There are no application or account management fees. Costs are only incurred when you withdraw funds. You are under no obligation to use the loan if approved.
- Easy Verification: Link your accounting package or bank feed to verify your trading history without any paperwork. Alternatively, you can upload supporting documents during the application process, which includes 12 months bank statements, Debtors and Creditors book, Annual Financial Statements, and funding reasons.
- Fast Approval: Your application will be reviewed and approved within hours (generally between 24 to 48 hours), based on facility limits and your business performance. Once approved, you can manage your facility through the Bridgement online dashboard.
- Flexible Credit: Once approved, you will have access to revolving credit facilities from R20,000 to R5,000,000 for short-term working capital needs.
- Timely Withdrawals: Approved loans must be used within 20 days, or the loan will expire. The application can easily be renewed and you will only start paying as soon as a withdrawal is made. Withdrawn funds will be available within 30 minutes, provided the withdrawal was done during business hours.
- Partial Withdrawals: Draw down only what you need when you need it, without using the full facility.
- Early Settlement Rewards: Get instant discounts for early settlement if you no longer need the funds.
Minimum Requirements:
- The company must be a registered formal business in South Africa
- The annual turnover of the company must be more than R500,000
- You must be able to provide trading history of at least 6 months
Take Action
We encourage all clients to apply and see what facility they could qualify for, in case the need arises. If approved, there’s no cost if you don’t use it. As your accountants, we are happy to complete the application on your behalf. Let us know if you’d like us to proceed with the application for you.