Lulalend

Neil Welman, Chief Technological Officer, and business partner is a qualified chemical engineer. He worked in London for more than a decade. Some of his previous clients are Lloyds TSB, Royal Bank of Scotland, Bank of America, Merril Lynch, and Barclay’s capital.

How it all began

Together they wanted to create a platform to service small to medium-sized businesses across the country.

They believed in the inherent ability of small businesses to create a better future for all and to make a real difference in the community. Lulalend Bridging Finance is there to support and empower these ventures with the money they need to grow.

Lulalend’s core principles

• Small businesses are pivotal to the financial success of the local communities and therefore need to have real access to finance and support.
• The old adage “Time is money”, was never more true and Lulalend solutions are created to keep the momentum going.
• All costs and terms must be clear and accessible.
• Because it’s so important to speak to a real human being, they have experts available to respond to all queries.
• They're in the business of growing businesses. Their world-class scoring technology makes it possible to provide the best funding to you and your business.
• They'll look into your personal credit score and the overall health of your business.
• You can have your answer in just minutes.
• The funds arrive in as little as a day.

They're passionate about what they do and focused on the service they give you. They believe that businesses should be able to access finance easily and enjoy an uplifting experience.

What are bridging loans and what are their benefits

There can be many reasons why business owners need bridging finance, especially if the business has cash flow hiccups and needs financing to keep things moving. Bridging finance means you can cover day-to-day costs while you wait for payment.

Bridging finance means a short-term loan meant to fill in the gaps in your business’s cash flow until you can organise long-term funding. It’s extremely useful when you want to expand your business or if a project needs you to have cash now but only pays you out at a later date.

How bridging finance will help your business

• Quickly access money.
• Creates a financial safety net between getting paid by clients.
• Can stop financial loss when you need to buy stock halfway through a season to make a profit.
• Makes it possible to buy out a partner if you’re not getting along.

What you might use Lulalend Bridging Finance for

• It’s useful to have cash for down payments.
• If you need to buy equipment that your current budget can’t afford.
• Useful to cover running costs, eg salaries, if there are cash flow issues.
• For seasonal businesses, it can help to keep the cash flow moving during the off-peak season.

Reasons why you should choose Lulalend bridging finance

• Get up to R5 million as soon as in a day.
• Finance is more cost-effective.
• Enjoy a paperless application.
• No collateral so you won't lose your house or car.
• Terms are clear and flexible.

Don't waste your time queuing or filling in forms. They enjoy approving loans and do so more than traditional lenders.