In a recent announcement, Telkom Business has disclosed that they have launched Telkom Lend to enable Small businesses to apply for funding between R20,000 to R5 Million in 24 hours.
Business funding from Telkom Lend will ensure that small businesses are able to scale and grow with fast funding without the need to put up any collateral.
With funding offers ranging from R20 000 to R5-million depending on monthly turnover, funding can be paid back over three to twelve months on a daily or weekly basis, depending on the business cash flow.
Money will be paid into the account once approved within 24 hours to use for various needs, including expanding a business, purchasing equipment or renovating premises.
Data is used to review the creditworthiness of businesses and speed up the funding process. The combination of technology and data analytics not only provides funding for businesses but is also driving financial inclusion while supporting economic growth.
Sibusiso Ngwenya, Managing Executive, Telkom Financial Services
