Funding Hub

Funding Hub believes that small to medium enterprises are the economical future of South Africa.

Providing accessible and affordable finance to help these businesses grow is Funding Hub’s mission.

How do they intend to accomplish the mission?

Funding Hub brings finance to the people that need it and use all the tools and advantages available to them.

• Their knowledge of finance and making sure you get the right option to suit your needs.
• Funding Hub uses technology to make the application process easier and more efficient.
• They use wide-reaching distribution channels to ensure you reach your goals.

The team behind Funding Hub

Funding Hub is part of the Finch Technologies group. The admin and the marketing team are standing by to help you reach your business goals. They do this by being transparent in all their dealings with you.

The team works behind the scenes to bring excitement to what they do and this carries over to the quality of service you receive. They believe that sustainable long-term business partnerships are best for successful business interactions.

More than a finance company

Funding Hub believes that you can succeed in your business with support from like-minded people. That is why they have a resources page and blog, filled with tips and information to help you succeed.

There are “how to” blog entries to help you as a small business owner grow and succeed in your business. Before taking out a loan you will have to answer a few questions. Why not head over to the Q & A page under the resources page on the Funding Hub website and find out more about their products and services?

In short, Funding Hub provides finance options to help your business get the equipment needed to succeed.

They do this by facilitating loans from as little as R10 000 to R100 million Rand, with flexible repayment options. Let’s have a closer look at their loan options so you can make an informed decision regarding your equipment funding finance.

Installment sale

The payment amount is fixed and the repayment period is predefined between you and the lender. Your repayments will include the interest charges. Once the payments have been made the asset that you purchased will be yours.

Lease to own

This finance is more flexible. There is a fixed repayment amount which is decided before the contract is entered into. At the end of the contract period, you have the option to buy the asset, this form of finance could see you paying more for the asset than buying it from the start. You’ll, however, pay less monthly than you would if you buy and not lease to own. This means that your monthly expense for the item will be less but the overall purchase price will be more.

Rental

You’re in control when you rent equipment, you can opt for a short-term or long-term lease. No need for equipment during a certain time, no problem. You only rent the items you need, for the time you need them, which means you’ll only pay for the time you need them. Renting does work out more expensive in the long run. If you use a piece of equipment on a regular basis it is not the best option for you, if you use a certain piece of equipment on a short term basis and infrequently, this option is a good one.

Equipment refinance

You cannot foresee what is going to happen in the future, sometimes you need just that extra bit of help to get over a difficult time. Refinancing your equipment lowers your monthly instalments, freeing up some funds. The refinance option does mean your interest will be recalculated because it is a new transaction.