Programme: Merchant Factors Bridging Finance
Organisation: Merchant Factors
Type of Support
Programme Description
Here, businesses receive a bridging loan while the wait for an anticipated cash inflow. The loan amount, term and conditions vary according to the needs in each unique situation.
Target Market
Small and medium enterprises
Application Process
Applicants must give a reason why they need a bridging transaction, and also the source of repayment. They must also provide details of the asset (usually property) being offered as collateral.
Success Stories
Contact Details
Head Office Physical Address:
Cape Town
Contact person, Stuart Crooks
4th Floor Merchant Place
55 Loop Street, Cape Town 8001
Telephone: 021 466 5244
Fax: 021 424 3784
Email: stuartc@mfactors.co.za or
Laura Beylefeld, email: laura@mfactors.co.za
Organisation: Merchant Factors
Type of Support
- Funding.
Programme Description
Here, businesses receive a bridging loan while the wait for an anticipated cash inflow. The loan amount, term and conditions vary according to the needs in each unique situation.
Target Market
Small and medium enterprises
Application Process
Applicants must give a reason why they need a bridging transaction, and also the source of repayment. They must also provide details of the asset (usually property) being offered as collateral.
Success Stories
- In-House Crown Logistics has experienced growth due to the assistance rendered by Merchant Factors according to Charl du Toit.
- Paul Issa of Buccaneer Shoes has dealt with the organisation and it has provided solutions to his working capital requirements.
- Keith Steinberg of Leclite (Pty) Ltd, an importer and distributor of electronic appliances and furniture finds it preferable to deal with Merchant Factors as the business will have a steady in flow of cash without waiting for their debtors to pay in 60 to 90 days.
Contact Details
Head Office Physical Address:
Cape Town
Contact person, Stuart Crooks
4th Floor Merchant Place
55 Loop Street, Cape Town 8001
Telephone: 021 466 5244
Fax: 021 424 3784
Email: stuartc@mfactors.co.za or
Laura Beylefeld, email: laura@mfactors.co.za
|
Register to get updates and get long-term access to all programme information. We hope to keep you up to date with regards to new programmes as well as new thought leadership articles.
Our aim is to partner with you in maximising your success through the programmes available to support your business. |