Still have questions? Pop us an email at peach-support@lulalend.co.za and we’ll get back to you as soon as possible, or call us on 087 250 0293.
Lula &
Peach Payments
Do you use
Peach Payments
in your business?
We’ve been working with SMEs since 2014 to deliver the next generation of fintech products to make cash flow easy, and to help SMEs manage their business better, faster, simpler, Lula.
That’s why we’ve partnered with Peach Payments, Africa’s trusted payment gateway to enable fast, flexible funding for growing businesses in their network.
Our funding
With Peach Payments, we are able to offer merchants a Business Cash Advance. This popular short-term loan option helps businesses manage their operational costs until payments are made by clients.
The benefits of this type of short-term business financing is the speed and flexibility with which you can access the funds you need, when you need it most!
Fast: once approved, you receive funding within 24 hours
Easy, flexible repayments: The advance is repaid in small, weekly installments via debit order to help you manage your cash flow
Settle early and save costs: If you settle early, all those future costs will be waived.
No hidden costs: no administrative, initiation or credit life fees
No collateral required
How it works
Find out how to qualify for funding through Peach Payments.
-
Share sales data
Peach Payments shares anonymous sales data with us. This data is passed through our data-driven funding model to generate funding offers.
-
Pre-approval
If a customer qualifies for an offer, Peach Payments will send an offer email that contains the offer amount and unique URL to apply for the funding.
-
Verification
Once we receive the application, there’s a short approval and verification process.
How much can a merchant borrow
and for how long?
Funding amounts range from R3000 up to R500 000 but are dependent on the sales volume of the business. Larger businesses with higher sales volumes will get higher offers.
This funding can be borrowed for periods of 3 – 12 months. If you have more than one Peach ID and qualify for more than one offer, you can receive funding up to R1.5 million.
How is the
advance repaid?
The advance is repaid in small, weekly installments via a debit order to help you manage your cash flow.
FAQs
Any customer that uses Peach Payments and meets the following criteria:
- Trading for 4 months
- Actively trading (receipts within the last 7 days)
- More than 2 transactions on active days
- Minimum turnover of R10 000
Funds are disbursed within 24 hours and depending on where you bank, it could take up to 48 hours before the money is in your account.
At this time, we are unable to offer a readvance.
In order to access more funding, you can settle your current balance and re-apply for further funding.
Trusted by business owners like you.
