Today is a big day for us at Lulalend. We just launched a big financial boost for small businesses, and we can’t wait to tell you about it.
Last year around this time we announced that we were increasing our business funding limit from R500 000 to R1 million. Today, we’re pleased to tell you that we’ve increased it again – to R1,5 million.
This is big news for an SME market that has traditionally encountered more than one closed-door trying to access business funding. Most banks consider small businesses too high risk, while the red tape and high collateral demands serve as yet another barrier to accessing finance.
At Lulalend, our vision is to make access to business funding quick and easy, but more than that, we want to take the stress and hassle out of accessing funding to enable small businesses to grow on their own terms.
Our application process is completely automated and can be completed online in just a few minutes. It’s paperless and we don’t require any sort of collateral.
We are able to achieve this through technology. By using machine learning, for example, we can identify trends most banks would normally overlook to determine real business performance, without the necessary paperwork to prove it. By automating our processes in this way, we can say yes to more applicants – quicker.
By being able to access up to R1,5 million in business funding, businesses can grow, renovate, and invest in the equipment needed to take their business to the next step.
Apply online today or contact support@lulalend.co.za to learn which of our funding solutions is the right for your business.
Read our Customer Success Stories now to see how we’ve helped local businesses grow.
