Retail Capital
Who is Retail Capital?
Retail Capital offers business funding with flexible payment structures that are tailored to your practice turnover. Over the last decade, the company has been committed to giving financial access and guidance to business owners just like you. Red tape, big banking institutions, reams of paperwork and traditional loans just don’t cut it for South Africa’s dynamic SME industry.
Your practice is unique, your funding solution should be too.
Applications
How long does an application take?
The online application process should take you just under one minute from “start” to “submit”.
Simply complete the easy 3 step process and the funds will be in your bank account within 24 hours.
What documents do you require?
None – your offer is pre-approved you simply need to accept the offer via the 3-step process. However, should you require more than the pre-approved funding, you will be requested to submit additional documentation.
Funding
How is my pre-approved funding amount calculated?
This offer is based on your historic transactions.
How can I use the funding?
There are no restrictions on use. As a practice owner, you know exactly what your practice needs are, and you can use the funds as you see fit.
Payments
What are the payment options?
The payment options ensure ease in managing cash flow. The cash advance value and payment term you select, will determine the frequency and fixed debit order amount that will be deducted from your bank account. All payments are deducted through a debit order from your bank account by Retail Capital.
What is the interest rate on the money?
Retail Capital offer tailored funding. We are not a bank, and this is not a loan. We charge a fee based on your funding needs. The fee is fixed and there are no service charges.
Where can I get an offer
Please check your inbox for an e-mailed offer, or email funding@healthbridge.co.za to see if your practice has an active funding offer available.
Collateral
What collateral is required?
None. The funding is unsecured. Retail Capital provides funding with no requirement to provide collateral or security.
Re-Advance
What is a Re-Advance?
Practices are eligible for a re-advance once they have paid back their funding in a timely manner and have another offer available.
Data Security
Is my data secure?
We are PoPIA compliant and will only process, record or disclose information related to assessing your funding needs. All our process are end-to-end encrypted.
How did Retail Capital get my data?
The offer you received was calculated through anonymity data, meaning that we will not share any personal information to Retail Capital without your consent.
Early settlement
Can I settle early?
Yes. You can settle early without any penalty. In fact, we will discount the balance of your fees pro-rata. The earlier you settle, the more the discount on your fee balance.
Contact
How do I get into contact ?
You can email us at funding@healthbridge.co.za