Brighton Capital
- Credit Facilities up to R1,000,000
- No asset collateral required
- Repayment up to 7 months
[Accessed July 25, 2023]
About Brighton Capital
Bright On Capital offers small and startup companies with viable growth prospects finance options for operating capital that are reasonably priced.
Why choose Bright On Capital?
Bright On Capital takes a novel approach to small company loans by concentrating on grasping a small business needs, including the size of the business, it’s competency and the funds needed. This enables Bright On Capital to choose the finance option that best matches the situation of your company and its requirements when it comes to funding.
Benefits of choosing them for your credit facility needs
Bright On Capital offers a quick and convenient financing solution designed to meet the needs of businesses. With a streamlined process, you can access your loan within four hours, ensuring immediate access to the funds you require. In addition, the application process is hassle-free, as you can submit your application and receive pre-approval in less than 48 hours.
Transparency is a key aspect of Bright On Capital's approach. They believe in honest and straightforward finance fees, with no extra charges hidden in the fine print. Your clearing account serves as a central hub for processing all debtor payments, providing a transparent view of your transactions at any time. Furthermore, the facility enables 24/7 access to supplier payments, allowing you to manage your finances efficiently.
Flexibility is another advantage offered by Bright On Capital. You can obtain financing for the specific amount you need, precisely when you need it. Repayments are synchronized with your income, allowing you to pay off your loan once your invoices are settled, ensuring a manageable and convenient repayment schedule.
Bright On Capital also strives to provide reasonable pricing tailored to your organization's requirements. They offer flexible interest rates to ensure that the financing solution aligns with your financial needs.
Bright On Capital’s funding partners include:
- Glencore
- African Bank
- RMI
Brighton Capital Services
In terms of credit facilities, Bright On Capital offers invoice finance and contract finance.
When you're short on funds or urgently need money to cover upcoming obligations like rent or payroll, or even to start your next endeavour, invoice financing is the ideal solution. When you use your loan (credit) facility, Bright On Capital will give you a business loan up to 80% of the amount of your invoice in as little as 4 hours, if not sooner. When the pertinent invoices are paid by your client, the loan is paid back.
Contract finance options for businesses
- Obtain finance based on the contracts your important, major clients have signed (6 months minimum for the term of the contract)
- As a revolving facility, get access to as much as 50% of the project's anticipated income (maximum of 12 months of forecasted profits)
Making use of money
- Finance site and project setup costs for the mining industry, such as
- Renting of equipment
- Acquisition of supplies
- Acquisitions of small equipment
- Salaries and labour associated with the project (funds transferred into your transaction account following submission of a monthly invoice or statement)
- Extra project expenses
Repayment of loans
- Over the first half of the contract duration, the loan is repaid in equal installments (maximum loan period of up to 7 months)
- Following the repayment of 50% of the loan, capital can be advanced again.
Rejected by traditional lenders?
You've come to the right place if the bank has rejected your application. Bright On Capital make an effort to comprehend your company's operations and possibilities.
They can assist you if you have a recent history of success in supplying to one or more businesses or government organisations.
You can take advantage of revolving credit facilities worth up to R1 million as a small business. This will enable you to act on procurement opportunities obtained from eligible large organisations. You may grow your firm and pursue larger orders with the assurance you get from Bright On Capital.
Why not use traditional banks?
It’s not always possible to obtain a loan from the bank if your business is an emerging one with fewer than five years of commercial experience. Numerous entrepreneurs or small firms won't be able to obtain a loan from traditional banks because of their unreasonable standards, which include:
- Sales and revenue that are reliable and predictable
- Three years of trading history in business
- Physical assets as collateral
Brighton Capital – Credit Facilities
- Loan Type Credit Facilities
- Loan Amount up to R1,000,000
- Repayment 7 months
Benefits of Brighton Capital
- Tailored financing to match specific business needs.
- Quick approval with access to funds within four hours.
- Hassle-free application process with pre-approval in under 48 hours.
- Transparent fees with no hidden charges.
- 24/7 access to supplier payments and financial management through a digital platform.
- Flexible repayments synchronised with income for convenience.
- Reasonable pricing with flexible interest rates.
- Strategic financing partner for supporting business growth.
- Alternative to traditional banks, ideal for emerging businesses.
- No asset collateral required for loans.
- Procurement opportunities enabled for pursuing larger orders.
- No sales history required, suitable for businesses with a history of supplying to large organisations.
- Low commercial experience requirement for businesses with under five years of commercial experience.
- Receive up to 80% of the invoice amount within four hours. Repay when invoices are paid by clients.
- Obtain financing based on contracts with major clients.
- Access up to 50% of projected project income.
- Finance various project-related expenses.
- Repay over the first half of the contract duration.
- Capital can be advanced again after repaying 50% of the loan.
How to apply for invoice finance or contract finance
To apply for invoice finance and contract finance with Bright On Capital, the process is straightforward and efficient.
First, Bright On Capital aims to gain a comprehensive understanding of your requirements. You will need to provide them with your readily available financial data, allowing them to evaluate the operational and financial state of your company. Within a short period of time, typically within 48 hours, the’ll pre-approve your loan facility. During this stage, they may request your FICA paperwork for verification purposes.
Once your loan facility is approved, Bright On Capital will guide you through the onboarding process for your chosen debtors. This ensures that loan repayments are transparent and seamlessly processed. To facilitate this, they will open a clearing account under your company's name. The clearing account allows for easy tracking and management of debtor payments.
Documents required for invoice finance application
- Debtors age analysis but if there's no debtors age analysis, the most recent invoice(s) due from your major clients will be requested.
- All business bank accounts’ bank statements from the last 6 months (or from the last 12 months if the business isn’t VAT registered).
- VAT returns from the last 12 months if your business is VAT registered.
- A document from SARS showing tax compliance that also has a pin that has been given to you.
- If you have any contract with your major clients, these will be requested.
Documents required for contract finance application
- Rental agreement for the property that the company is renting, if it’s available.
- Debtors age analysis but if there is none available, the most recent invoice(s) due from your major clients.
- Creditors age analysis if available.
- Management accounts that have been recently updated.
- All business bank accounts’ bank statements from the last 6 months (or from the last 12 months if the business isn’t VAT registered).
- VAT returns from the last 12 months if your business is VAT registered.
- Annual Financial Statements that have been recently audited or evaluated.
- A document from SARS showing tax compliance with a pin
- Any contracts with your major clients
Brighton Capital is a trusted & reliable provider of credit facilities
In our review, Brighton Capital adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.
✅ Brighton Capital is a registered credit provider in South Africa: NCRP7586
Brighton Capital Contact
Physical Address
- 22 Sloane Street, Bryanston Sandton Gauteng 2191 South Africa
- Get Directions
Opening Hours
- Monday 08:00 – 18:00
- Tuesday 08:00 – 18:00
- Wednesday 08:00 – 18:00
- Thursday 08:00 – 18:00
- Friday 08:00 – 18:00
- Saturday – Closed
- Sunday – Closed