Genfin

GENFIN is an entrepreneurial company based in South Africa that specialises in offering flexible funding solutions to SMEs and mid-corporates.

They aim to support businesses in unlocking their growth potential for long-term success. Understanding the significance of affordable finance for business operations, GENFIN provides streamlined funding processes to meet the needs of businesses.

Meet the leadership team at GENFIN

The leadership team at GENFIN brings a wealth of experience and expertise from diverse backgrounds.

Co-founders and Directors, Merwe Scholtz and Suzaan Loots, have extensive banking and lending experience, while CEO Jaco Erasmus has a strong background in corporate and investment banking.

The efficient three-step business funding process

GENFIN follows a simple and efficient three-step funding process that eliminates the requirement for complex financial projections and business plans.

By requesting minimal documentation, such as recent business bank statements, GENFIN expedites the credit decision process. Dedicated Business Funding Analysts guide applicants throughout the application journey, providing personalized assistance.

GENFIN offers certainty and excellent customer service

They charge interest solely on the outstanding loan balance without any hidden fees or penalties. With a high rating on Google Reviews, they prioritise customer satisfaction. Each client is assigned a dedicated business funding analyst who remains available to offer support throughout the loan term.

GENFIN aspires to be a trusted and disruptive fintech lending business, offering a range of flexible loan products to SMEs. They strive to contribute to the growth of the South African economy by delivering professional and sustainable funding solutions.

Embracing change, caring about people, taking responsibility, delivering excellence, fostering open communication, and promoting continuous learning are the core values that guide GENFIN's operations.

GENFIN's bridge loans offer a perfect funding solution for businesses in need of a short-term cash injection or to seize an opportunity.

With a straightforward repayment structure and no interim payments, these loans provide flexibility and support for your business growth.

GENFIN's bridging loans, specifically their Opportunity Bridge Loan, provide a funding solution for businesses in need of a short-term cash injection or to seize an opportunity.

Here's a summary of the key points:

Eligibility Criteria

• Trading history of 3+ years
• Company annual turnover of R10M+
• Repayments can also be paid weekly

Loan process

1. Once approved, an all-inclusive interest of 10% of the loan amount is calculated.
2. After accepting and signing the loan documentation, you receive the funds.
3. During the loan period, no interim payments are required.
4. After 90 days, you repay the full loan amount plus the 10% interest.

Cost and flexibility

• All-in cost: Access funding with no repayments for 90 days, at a cost of 10%.
• Early settlement: You can settle the loan as early as you like, and you'll only pay for the period it was active.
• Interest calculation: Interest is charged on the outstanding balance over the actual life of the funding.

Options after 90 days

• Settlement: You can settle the loan capital plus 10% interest.
• Convert to short-term loan: Alternatively, you can convert the loan to a short-term loan with 13 repayments, with interest calculated on the utilised loan balance.

Business funding analyst

GENFIN provides dedicated business funding analysts who guide you through the application process. These analysts are available to assist you throughout the loan term and beyond.
GENFIN offers other funding products as well, such as small business loans and large business loans, each with its own eligibility criteria, loan amounts, and repayment periods. The application process is streamlined, and once approved, funds are disbursed promptly.

By understanding your business's turnover, trading history, and specific funding needs, GENFIN aims to provide flexible and efficient funding solutions to help you ignite business growth and achieve its goals.