Tender Capital Africa

South Africa
Funding
SMMEs
Financial Assistance

Tender Capital Africa is a woman and black owned Financial Inclusion Enterprise, whose business mandate is to help remove financial barriers that deter SMMEs from participating in South Africa’s mainstream economy.

Financial Solutions:

  1. Invoice Discounting

Invoice Discounting is a form of short-term borrowing in which a company’s accounts receivables (Invoices) are used as a collateral for a loan. Tender Capital Africa advances cash against the due Invoices of an SMME, to enable it to continue its business operations. This allows the SMMEs to pursue production until they are paid.

This financial solution offers the following advantages to SMMEs:

  • Unlocks working capital
  • Improves liquidity
  • Does not require collateral as security
  • Enables SMMEs to retain commercial control over their business

 2.  Procurement Finance

Procurement Finance is an all-encompassing finance solution aimed to assist SMMEs carry out and service their respective purchase order contracts, specifically contracts that are of a Supply and Delivery nature. This is intended to relieve the SMMEs of the capital-intensive nature of purchase order contracts which require SMMEs to have a large sum of cash to service the obligations of the contracts. This solution may vary from one SMME to another, depending on the SMME and project viability.

Procurement Finance enables the SMMEs to:

  • Retain the awarded tender contract through timeous delivery
  • Participate in larger business transactions
  • Have access to upfront Working Capital
  • To build their business reputation as a successful supplier to public and private sector entities by increasing their rating

Tender Capital Africa is only able to financially assist SMMEs which meet the following minimum requirements:

  • Duly incorporated with the Companies and Intellectual Property Commission (CIPC).
  • Trading commercial experience of one year or more.
  • SARS Compliant.
  • Annual Business Turnover of R1 000 000,00 or more.
  • Procurement Finance requirements of a Supply and Delivery nature, specifically government and established private entities.
  • Invoice Discounting requirements related to Construction and/or services tender contracts. (SMME must have a minimum of three to six months engagement with the given Paymaster).
  • Funding Requirement must be a minimum of R250 000,00 or more.

Click here to apply.

Industry
Agriculture, forestry and fishing
​Mining and quarrying
​Manufacturing
​Electricity, gas, steam and air conditioning supply
Water supply; sewerage, waste management and remediation activities
​Construction
​Wholesale and retail trade; repair of motor vehicles and motorcycles
​Transportation and storage
Accommodation and food service activities
​Information and communication
Financial and insurance activities
​Real estate activities
Professional, scientific and technical activities
Administrative and support service activities
Public administration and defence; compulsory social security
​Education
Human health and social work activities
​Arts, entertainment and recreation
​Other service activities
Activities of households as employers; undifferentiated goods-and-service-producing activities of households for own use
​Activities of extraterritorial organisations and bodies, not economically active people, unemployed people etc.
Website link

www.tendercapital.africa