FAQsSome good to know's
How do I apply for funding with Mutualism?
Can Mutualism purchase stock for my business?
Yes, we offer Asset-Backed Lending for physical assets and can connect SMEs to funders for additional financial solutions ranging from R100,000 to R5 million.
What services does Mutualism provide?
Mutualism provides accessible and flexible funding solutions. These services include:
- Asset Finance: Enabling businesses to acquire or refinance essential equipment, or machinery without straining cash flow, using the asset itself as collateral.
- Purchase Order Finance: Offering funds to fulfill large orders by covering supplier costs, ensuring businesses can meet customer demands without financial disruptions.
- Invoice Discounting: Allowing businesses to access cash tied up in unpaid invoices, improving cash flow and enabling timely operations or growth initiatives.
- Contract Finance: Providing upfront funding to execute secured contracts, ensuring businesses have the necessary resources to meet obligations and deliver results.
What are the application requirements?
Applicants need to provide recent bank statements, a comprehensive business plan, invoices for desired assets, and regulatory documents from SARS & CIPC.
Is funding available for startup businesses?
Startups are welcome to apply, with a detailed business plan and financial projections required.
How long does it take to receive a response after applying?
You will receive automated updates on your application status, and if progressing, you can expect to hear from our team within two weeks.
How flexible are the terms of financing with Mutualism?
Repayment periods range from a few months to 18-24 months. We offer leniency for one missed repayment.
Can the terms be renegotiated if a business's circumstances change?
Terms may be renegotiated on a case-by-case basis, depending on individual SME circumstances.
Can I apply for additional funding if I have an existing loan with Mutualism?
How does Mutualism evaluate my application?
What happens if I am late on a repayment?
What collateral is required for Mutualism's Asset-Backed Lending?
What are the maximum and minimum funding amounts offered by Mutualism?
Does Mutualism offer cash loans?
Does Mutualism offer vehicle financing?
Can Mutualism cover rental costs for businesses?
Are there downloadable application forms?
Who can I contact for more information or support?
How does Mutualism protect the financial information of its clients?
We implement robust security measures to safeguard sensitive financial information.
What policies does Mutualism have in place for financial crises or economic downturns?
We have strategies to support our clients during economic challenges, ensuring stability and continuity.
Can you provide more details about Mutualism’s partnerships and how they benefit clients?
Our partnerships with social impact groups and large funds facilitate significant investments in SMEs and provide additional value to our clients.
How can clients provide feedback on Mutualism's services, and how is this feedback used?
Feedback can be submitted through our contact channels and is crucial for continual service improvement. Send us a message via email (info@mutualism.co.za) or on social media platforms:
Does Mutualism have specialized financing options for certain industries?
Yes, we offer tailored solutions for various industries, assessed per individual business needs.
What options are available if a business needs to extend their loan term?
We provide flexible loan terms and consider extensions on a case-by-case basis.
How does Mutualism measure the success of its financing for businesses?
Success is gauged by the growth and financial stability of the businesses we finance.
What types of educational resources are available, and how can they be accessed?
We offer workshops and personalized advice to ensure financial literacy, accessible through our service platform.
How does Mutualism support impact-driven businesses?
We value and may offer incentives for businesses with positive social or environmental impacts.
Does Mutualism facilitate networking opportunities for its clients?
We facilitate connections between SMEs for peer support and growth opportunities.
How is Mutualism leveraging technology to improve access to financing for SMEs?
We use advanced technology platforms to streamline the financing process for SMEs.
HOW CAN WE
HELP YOU?
Our consultants are available to assist you further. Please do not hesitate to contact us.
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