Secured loans of R250 000 or more to Juristic Persons (Companies, Close Corporations, Trusts with a minimum of 3 Trustees) for terms not exceeding 6 – 9 months.
This product allows businesses to raise additional working capital when they have exhausted their traditional bank facilities. The finance is not transaction or invoice based but rather the borrower offers alternative tangible forms of security – typically a 1st bond over property - and a definite repayment mechanism. Payment of the loan is typically made on signature of the securities and not on registration thereof.
