Business Loan Examples
Any business type can apply! Here are some examples of how different South Africans chose to use an injection of funds to benefit their businesses.
Restaurant
As a seasonal business in a small coastal town, our client’s restaurant enjoys strong turnover during the summer months – but business is slow during winter.
Ahead of the high season, the owner decided to upgrade the restaurant kitchen and overhaul its menu. She applied for a R500,000 business loan. An unsecured loan was paid out, and the work was completed.
The owner paid off the loan over three months, via a weekly debit order.
With modernised kitchen facilities and an upgraded menu, the restaurant is now better able to compete with neighbouring eateries. It attracts more locals year-round, as well as visitors to the town.
Ecommerce company
Our client established an online retail business during the lockdowns. The business grew rapidly. However, so did the costs of importing the required stock.
The owner made the decision to invest in a bulk purchase, to secure more favourable pricing. He applied for a R1 million business loan with Yalu.
Yalu reviewed the application and approved the loan in under a week, enabling the business owner to proceed with the stock order.
Hardware store
The owner of a busy hardware store that had been running for several years decided to expand operations to include a garden centre.
To complete work on a greenhouse section and purchase required stock, he needed additional funding. So the owner applied for a business loan of R500,000.
The loan was approved within 4 days of the owner submitting the required documents. It was then paid off via weekly debit orders.
Farmer
A farmer required a motor grader to improve his farm’s roads, to reduce transportation delays and damage to produce. An application for a R1 million loan was submitted.
Following a review of the farm’s financial statements, the loan was approved and paid out within a week. The farmer was able to invest in the required machine and paid off the loan over a period of 12 weeks.
Dental clinics
The owners of a chain of dental clinics took the decision to upgrade their facilities across the country. This involved investing in new branding, refitting waiting rooms and acquiring three new panoramic X-ray units. To support the upgrade, they required an additional R3 million in funding.
After a short period of negotiations, a loan of R3 million was approved, with repayments made by debit order.
Fund the future
Don’t let cash flow issues starve your business of growth. Meet our qualifying criteria and we can help you get a loan for your business in as little as 24 hours.