Programme: Merchant Capital Programme

Organisation: Merchant Capital
 

Type of Support

• Funding.

 

Programme Description
 
Here, businesses receive a cash lump sum for working capital up front in exchange for an agreed percentage of future credit and debit card sales.
 

Target Market

Small and medium enterprises
 

Application Process

Complete a prequalification form that is available online.
 

Success Stories

1. Themba Mthetwa, owner of The Gallery, which is a fashion boutique for men was able to replenish his stock when he received funding. He was able to concentrate on increasing sales while paying off his debt.
2. Dan Oppenheim, owner of Foto First received funding and was pleased with the fact that he received the funds within 48 hours of applying. He hardly noticed the percentage that was being taken off his debit card sales.
3. Armani Jamrozinski, the owner V+King, which is a men’s multi brand high end retail store, used the funds to refurbish his second store, as well as source a broader selection of brands. He was pleased with this funding tool as it suited him.

 

Contact Details
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Physical address:
7th Floor, Sinosteel Plaza
159 Rivonia Road, Sandown, Johannesburg
Telephone: 011 217 2880
Email: info@merchantcapital.co.za