Business loan examples
Any business type can apply! Here are some examples.
Restaurants
As a seasonal business, the restaurant had strong turnover during the summer months but sales dipped during winter. Ahead of the high season, the owner wanted to upgrade her kitchen and settle all of her outstanding bills with creditors. She applied for a R500,000 business loan based on her sales over the previous year.
An unsecured loan was paid out, allowing the owner to prepare her business for high season. She subsequently paid off her loans using a weekly debit order.
Ecommerce company
The company had been established during the lockdowns and grew rapidly. However, so did the costs of importing the required stock from China. The owner made the decision to make a bulk purchase to secure more favourable pricing, and applied for a R1 million business loan with Yalu.
The lender reviewed the application documents and approved a R1 million loan in under a week, allowing the business owner to secure his stock. Repayments were made on a weekly basis by debit order.
Hardware store
A busy hardware store that had been running for over a year wanted to expand its operations to include a garden centre. The owner required R500,000 to build a greenhouse section into his store and purchase the required stock.
A business loan was approved within 4 days of submitting all required documents and was then paid off with weekly debit orders.
Farmer
A farmer required a motor grader to improve his farm roads and reduce damage to produce and wastage due to poor road conditions and shipping delays. An application for a R1 million loan was submitted and accepted by Yalu following a review of the farm’s financial statements.
Fund were paid out within a week and paid off using a debit order.
Dental clinic
A chain of dental clinics wished to modernize and upgrade its facilities across the country, and required an additional R3 million in funding.
After a short period of negotiations, a loan of R3 million was approved by the lender with repayments made by debit order.
Fund the future
Don’t let cashflow issues starve your business of growth. Meet all of our qualifying criteria and we can help you get a loan for your business in as little as 24 hours.