Get access to capital and up to R30 000 for good repayment
Access to funding is one of the challenges that hinder business growth. This challenge has been made worse by the COVID-19 pandemic which has affected economic growth. To help you meet your business needs, Discovery Business Insurance gives you access to funding through the capital provider, Merchant Capital.
The Merchant Capital cash advance is an effective working capital solution for businesses which does not put pressure on cash flow.
Benefits of the cash advance
- You can access up to 100% of your average monthly credit and debit card turnover as a cash advance.
- The cash advance is then paid back as a fixed percentage of each credit and debit card swipe made at your business.
- Repayments are therefore directly in line with business turnover, meaning you do not have to worry about the affordability of fixed monthly lump sum payments.
- There are no hidden costs or interest rates. The cost of funding is fixed and never changes.
Get rewarded for good repayments
In addition, you can earn up to 5% back on the cash advance amount which is paid to you once the facility is paid up, or once 70% is repaid and you opt to take out additional funding. Depending on your cash advance amount you can qualify for as much as R30 000 cash back.
Applying for the cash advance
To apply for a cash advance, you can send an email to Discovery@merchantcapital.co.za
Read more about the Merchant Capital cash advance in the information document.