Tender Capital Africa
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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:
- 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.