Lulalend

Fast and easy Small Business funding
021 201 1550
112 Buitengracht Street
 
Cape Town, Western Cape
 
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NEWS BLOG

What happens in a typical business day?

What happens in a typical business day?

22 December 2017 by Trevor Gosling

We pride ourselves as one of a new breed of digital-first fintech companies designed from the ground up to support South African SMEs. We've spent countless hours refining our scoring technology to ensure we can provide quick, easy short-term funding through a convenient online interface. In some cases, we are able to provide approval on a loan application within a single day - a far cry from the three-month wait most traditional lenders demand.

That got us thinking: what happens in a typical business day? What are some of the main business activities that play out in the time it takes us to process and approve a loan application?

Here are some of the amazing things that take place on an average working day:

  • 7.8 million people get ready for work at 650,000 SMEs across the country
  • 683 new SMEs are established
  • 868 new SME jobs are created
  • R11 billion in economic value is created
  • 15 million minibus commuter trips take place
  • 6 million people order coffee from an independent coffee shop
  • R101 million is spent on online transactions
  • 6.8 billion emails are sent and received
The pros and cons of small businesses borrowing from banks
19 September 2017

The pros and cons of small businesses borrowing from banks

by Odette Bester
We recently ran a survey that asked small business owners for some insight into where they turn for business funding. 32% said they look to their bank. However, other statistics show that about 72% of small business owners who do apply with their bank get rejected as they usually require strong...
    Read full story »
What does responsible business lending look like?
7 September 2017

What does responsible business lending look like?

by Odette Bester
Businesses turn to all sorts of places or people for business lending. Often first to family, friends or their banks. But when that doesn’t work out, especially for SMEs, they look to alternative options for assistance. The problem is that there are some alternative lenders out there that don’t...
    Read full story »
Are startups eligible for funding with Lulalend?
4 September 2017

Are startups eligible for funding with Lulalend?

by Odette Bester
We’re often getting asked whether we lend to startup businesses, so we thought we’d address this question in a blog post. The truth is there is no straight forward answer. It really depends on a few things, as well as what is meant by the term ‘startup’. Therefore, in short, our answer is...
    Read full story »
Women in business part 2: Real women, real challenges, real engagement
10 August 2017

Women in business part 2: Real women, real challenges, real engagement

by Odette Bester
Women in business can sometimes feel that the struggles and challenges they face aren’t understood or heard. It can be really valuable to hear from other women in business who have also faced those challenge and are willing to engage on the topics and having frank conversations. Sometimes shared...
    Read full story »

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ABOUT US

Who we are

Lulalend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!

Our principles

  • We believe small businesses are the key to local economic success and deserve an easy and inspiring lending experience.

  • We know time is money, and our products and services are designed to keep owners moving at the speed of business.

  • We make sure that our funding costs and terms are transparent and understandable.

  • We know that having someone to speak with about financing is important, so we have Specialists available to answer any questions.

We move as fast as your business. Apply today with absolutely no commitment and get access to R20,000 – R500,000

Fast & Simple Application

Apply in minutes and receive funding in hours. No paperwork, no hidden fees and no branch visits.

We Say 'Yes' More

Using the latest technology, we make decisions based on your real business performance.

Completely Flexible

Repay as soon as you like and save. No early repayment fees, ever!

South Africa's Only Online Provider of Business Funding

We are experts in what we do and provide the highest level of security.

HOW IT WORKS?

Apply online

Apply online for free. We just need some basic details about you and your business and aim to get you approved in minutes.

Or call us on 087 943 2381 and we can assist you in getting your application underway.

Receive your decision

You will be provided a decision in minutes – no paperwork, no waiting, no commitment.

Our fees are transparent and easy to understand so that you know exactly how much needs to be repaid.

Get funded

Business funding of R20,000 to R500,000 - we aim to have the funds in your bank account within 2 business days.

Repay in standard installments over 6 months. Or choose to pay early with no penalty fee!

What will I pay?

We've simplified the lending process with our 6 and 12 Month Plans. Every month you pay back 1/6th or 1/12th (depending on which plan you choose) of the total advanced amount plus the monthly cost. Monthly Costs are 3% - 10% of your advanced amount for the first 2 or 4 months (plan dependant) and 2% for each of the remaining months. You can pay early and save. 

DOCUMENTS
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Infographic Who Is Lulalend
11 Oct 17

MEET THE TEAM

Odette Bester
Digital Marketing Manager

SPECIALS

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