Funding Hub

Funding Hub is devoted to supporting the growth of small and medium-sized enterprises (SMEs) in Southern Africa by providing faster and more accessible business finance solutions. Their mission is to empower small businesses, which they consider the backbone of the South African economy, to thrive and prosper. With a focus on knowledge, technology, and distribution, Funding Hub equips business owners with the tools and information needed to make informed decisions about finance options.

By leveraging efficient processes and streamlined data capturing methods, Funding Hub utilizes technology to improve inclusion and access to finance for a wider range of businesses. Their services are designed to reach those who need them the most, delivered through diverse channels to ensure availability.

A dedicated team: Ready to deliver

The dedicated team at Funding Hub, led by individuals such as Alex Johnson, Ashleigh Butterworth, Ean Barnard, Chris Ball, Roger That Stephan's Companion, Stephan Schoeman, Michael Bowren, and Simanye Roboji, brings a wealth of expertise and skills to drive the organization's vision forward.

As part of the Finch Technologies financial technology group in South Africa, Funding Hub has access to extensive resources and expertise to support their operations. Collaboration and partnerships are central to their approach, as they actively seek opportunities to work with like-minded organizations to further their mission.

Transparency, open communication, and energy are fundamental principles that guide Funding Hub's business practices. They believe in sharing the value they create with all stakeholders, fostering long and prosperous partnerships.

A comprehensive range of business finance solutions

Funding Hub offers a range of business finance solutions, including unsecured loans, property-backed loans, merchant cash advances, purchase order funding, and invoice discounting. They provide valuable resources such as calculators, a resource hub for understanding small business finance, and information on business insurance and credit scores.

As a comprehensive resource guide on different types of business finance, Funding Hub's website offers an overview and comparison of SME finance options, detailed information on each finance type, and answers to frequently asked questions. Additionally, they offer insights and tips to help navigate the world of business finance.

Driven by their vision to create a more accessible and affordable business finance landscape in Southern Africa, Funding Hub invites individuals who share their passion to join their energetic team or explore partnership opportunities. By becoming part of this passionate community, individuals can make a meaningful difference in the SME community and contribute to Funding Hub's mission of empowering small businesses.

Funding Hub offers bridging finance, a short-term funding option that allows businesses to access cash that is tied up in pending transactions.

This type of financing can be helpful in situations where businesses have sold a property and are awaiting the formal sale, expecting commission payments, have outstanding accounts receivable, or need finance to fulfill a purchase order or contract.

How much does a bridging loan from Funding Hub cost?

The cost of a bridging finance facility is determined based on the number of days the funds are used. The fee structure varies depending on the loan type and your business. Typically, the cost ranges between R1 and R1.50 per R1,000 loaned per day.

For instance, if you sell a property for R1,000,000 and want to access 70% of the sale price (R700,000), the lender may charge a fee of R1.10 per R1,000 per day. The repayment schedule takes into account the accumulated costs and the outstanding balance.

What are the advantages of bridging finance?

Bridging finance offers several advantages, including quick access to cash, relative affordability compared to other unsecured loans, the ability to fund business growth, and not requiring equity relinquishment. However, it's important to consider that bridging finance can impact profit margins and is not as fast as an unsecured loan.

Funding Hub provides different types of bridging finance, such as property-backed loans, estate agent commission advances, mortgage/bond advances, debtor book finance, and purchase order/contract finance. Each type caters to specific needs and circumstances.

To be eligible for bridging finance through Funding Hub, you should have cash locked in a transaction or asset that is fully paid for, apply as a business or on behalf of a business, and have a monthly revenue of R30,000 or more.

Funding Hub's bridging finance offers businesses a flexible and accessible funding solution to bridge the gap between pending transactions and the availability of cash. It ensures quick funding, transparent fees, and various finance options to accommodate different needs.