Programme: Merchant Factors Bridging Finance

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
​

1. In-House Crown Logistics has experienced growth due to the assistance rendered by Merchant Factors according to Charl du Toit.
2. Paul Issa of Buccaneer Shoes has dealt with the organisation and it has provided solutions to his working capital requirements.  
3. 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