Genrand
- Business loans up to R1,500,000
- Low-interest starting from 24%
- Repayment up to 60 months
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- Genrand business loan product
- Genrand contact details
- Business loan calculator
[Accessed April 6, 2023]
About Genrand
Having noticed the often strained and distant relationships between business owners and their banks, Genrand identified a gap in the business financing sector that could only be filled by a capable and attention-orientated business model.
They now offer business loan solutions that are tailored to meet your needs quickly and with simplicity.
From humble beginnings to a major player
Genrand initially began operations with a single product offering to businesses and has now grown and expanded its offering to include a range of mainstream offerings. This growth can be attributed to their exceptional customer service coupled with expertise, professionalism, and a passion for business.
Genrand Services
They offer a range of mainstream business finance options and are able to assist businesses operating in the property sector with expertise and tailored solutions.
They offer bridging finance, residential and commercial bonds, medium-term business loans, invoice and debtors financing as well as debt consolidation loans.
Unsecured business finance for turnovers exceeding R1 million per annum
Genrand offers unsecured business loans to a range of industries including restaurants, shops, and retails which offer you a decent-sized loan that can be used for expansion, purchase of equipment, and to deal with cash flow needs. Businesses applying for unsecured finance must have a turnover of R1 million or more per annum.
Genrand – Business loan
- Loan Type Business loans
- Interest Rate from 24%
- Loan Amount up to R1,500,000
- Repayment 6 months to 60 months
- Decision 72 hours
Benefits of Genrand
- Property bridging finance
- Business loans
Business loan calculator
At Genrand they tailor financial solutions to your business needs
They accept online loan applications and can have your quick loan credited within 3 working days.
In order to qualify for an unsecured loan, your business must have a verifiable history of no less than 12 months and an annual turnover of R1 million or more. They also require a clear ITC record and that the business is a registered entity.
Loans for property developers, agents, and investors
They offer medium-term small business loans which can offer 50% of the value of the property being borrowed against a term of between 4 and 12 months. They also offer invoice discounting services where you get to choose which invoices will be factored in and which will not. Their services are designed to be flexible and meet a wide array of needs in the property sector.
Need your business’s financial statements
In order for Genrand to consider your business loan application, they need to check and verify your organisation’s financial statements. In essence, they need to evaluate whether you will be able to afford the business loan or not.
As much as entrepreneurs are always looking for sponsorship or capital, it will not help your venture in any way if you can’t afford a business loan. They just want their clients to be financially realistic with their expectations and by doing so, they will be able to meet them halfway.
Paying for my business loan earlier than the required date
If you have an excess of money at your disposal and would like to settle your business loan earlier than the required date, you are welcome to do so. This will mean you have one less loan to worry about.
They applaud customers that take up the initiative of paying for their business loans earlier than the scheduled time. Such dedication will give you brownie points when you want to apply for another business loan in the future. Allow them to help you and your organisation by giving you an enterprise credit plan that can move your dream ahead.
Customer Reviews & Testimonials
Genrand Contact
Physical Address
- Suite 141 A, Millennium Business Park Block E, Edison Way Cape Town Century City 7446 South Africa
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Postal Address
- Postnet Suite #444, Private Bag X3, Bloubergrant, Cape Town, 7443, South Africa
Opening Hours
- not available