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Commence.
Asset - Free funding for growing businesses.
Access an innovative asset-free Merchant Cash Advance through us - to scale your operations, or finance working capital needs. This form of financing is unsecured, allowing businesses the flexibility of not requiring assets to be put up as security.
Qualifying Criteria to access growth capital:
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Minimum monthly turnover of R50,000
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South African Citizenship or Guarantor
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Minimum operating time of 12 months
Merchant Cash Advances offer a quick and easy funding route to help businesses manage urgent expenses, invest into opportunities, and scale, with approvals often within 24 hours and funds available within 48 hours.
Frequently Asked Questions.
What is a Merchant Cash Advance?
A merchant cash advance is a type of financing that provides businesses with a lump sum of cash in exchange for a percentage of future sales. Businesses receive a cash advance and repay it through a percentage of their turnover.
How do I apply for a Merchant Cash Advance?
We want to carefully understand your business and it's requirements. To apply, please send us an email on: funding@commence.co.za - where we can structure a conversation on how we may facilitate growth capital for your operations.
What is required to apply?
For an application; you need to meet the minimum criteria, which includes being operational for a minimum of 12 months, have a monthly minimum turnover of R50,000, and be a South African citizen or have a guarantor.
How much funding can I qualify for?
Through the Merchant Cash Advance, you can qualify for up to 100% of your business's average monthly credit and debit card turnover. As soon as your bank statements have been assessed, you will be provided with a more accurate qualification amount.
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