RM Capital

RM Capital eligibility and required documents

RM Capital assesses transactions individually. The reviewed pages do not give a universal minimum turnover, trading history or credit score. Its privacy policy provides for credit checks, background verification and identity checks; this is not a no-credit-check funding service.

• Invoice funding: The enquiry form requests the invoice value, funding required, debtor’s name and payment due date, alongside your contact details.
• Purchase order funding: Applicants must supply finished goods, raw materials or components to businesses or government departments, with profit margins above 20%. Construction, cleaning and security services are excluded from this product. Delivery must be arranged through the supplier or a reputable third party.
• Order documents: Supply the purchase order or signed appointment letter, plus the supplier agreement, pro forma invoice or quotation. RM Capital assesses the customer’s ability to pay and the supplier’s ability to deliver.
• Supporting information: Its privacy policy identifies financial records it may collect, including bank statements, financial statements, management accounts and tax information. Request the checklist for your transaction; these are not confirmed universal requirements.

For affordability, test whether the business can meet its remaining expenses after funding deductions, including if customer payment arrives late. A profitable order can still create a cash shortage when receipts and obligations fall on different dates.

Who should consider RM Capital?

In our assessment, RM Capital is most relevant to established or growing businesses with a identifiable source of repayment: customer invoices, an eligible purchase order or a specific transaction expected to release cash. Its structured finance offering also considers circumstances that fall outside mainstream funding criteria.

Reconsider if the business needs funding to cover continuing losses without a credible repayment source. For recurring working capital needs, compare a bank overdraft or revolving facility; for a long-lived asset, compare asset finance. Review other business funding options using the same cash requirement and expected repayment date.

How RM Capital funding works

Application and payment process

Start with the appropriate form on RM Capital’s website or its contact page. Explain the amount needed, its purpose and the expected source of repayment.

For invoice discounting, approved payment rights are transferred to RM Capital under an agreement. An initial advance is followed by a final payment after the customer settles.

For purchase order funding, RM Capital reviews the order and supporting information, specifies any additional security, and issues factoring and guarantee agreements. It then pays the supplier. Customer receipts cover the funding and costs before the remaining balance reaches your business.

Approval and payout timing

RM Capital says invoice transactions can be approved within 24 hours. This is an approval claim, not a commitment that every applicant receives cleared funds within that period. Confirm the documentation, signing and payment timetable for your transaction.

Contact, payment difficulties and complaints

The official contact page lists 087 135 0113, +27 68 110 2002 and info@rmcapital.co.za. The invoice page also displays 011 447 7596; confirm the appropriate contact before relying on that number.

If payment is delayed, notify RM Capital promptly and request a written statement of the amount due and available arrangements. For a dispute, submit the facts and requested remedy in writing and ask for the agreement’s escalation procedure. A dedicated funding complaints process was not identified in the reviewed pages.

Questions to ask before signing

• Is this a loan, factoring agreement or another structure, and which company is the contracting party?
• How much usable cash will the business receive after deductions, and when will any retained balance be released?
• Are charges calculated on the invoice value or the amount advanced? Do they increase with time, and is VAT included where applicable?
• Who bears the loss if the customer disputes or fails to pay the invoice? Does RM Capital have recourse, meaning a right to recover the money from your business or a guarantor?
• What security or personal guarantees are required, and when are they released?
• What changes if payment arrives early or late? Confirm settlement charges, extensions, default costs and any compulsory insurance, including premiums and exclusions.

RM Capital advantages and limitations

• Transaction-specific funding: The available structures can address a particular order, receivable or commercial event.
• Flexible invoice selection: The offering accommodates individual invoices or a wider debtor book.
• Direct assessment: RM Capital states that applicants can deal with funding decision-makers.
• Limited public cost information: Published material does not establish whether an offer will be cheaper than another facility.
• Customer-payment exposure: The agreement must clarify what happens when the expected receipt is delayed, reduced or unpaid.
• Product restrictions: Purchase order funding has goods, delivery and margin requirements that exclude some businesses.

RM Capital rates, fees and total funding cost

The invoice discounting page confirms a commission deduction but gives no percentage or rand tariff. The reviewed funding pages also do not supply a numerical interest rate, published APR, comprehensive ancillary charges or insurance terms. Missing disclosure does not mean a charge is zero or insurance is unnecessary.

Obtain a quotation showing the net cash released, every deduction, any later payment obligations and the amount retained until settlement. Ask for costs under both the expected payment date and a delayed-payment scenario. A commission percentage is not automatically an annual interest rate, and a standard monthly loan calculator may not represent the arrangement.

Illustration of the initial advance

Editorial calculation, not a quotation: On an approved R100,000 invoice, a 90% advance would equal R90,000 before commission. The remaining R10,000 would be subject to the agreed final settlement and deductions. This calculation excludes commission, other charges and any insurance because their amounts are unverified; it does not demonstrate the total funding cost.

For an order, assess the profit remaining after supplier costs, delivery, funding charges and other expenses. Meeting an entry-level margin requirement does not establish that the financed transaction will remain worthwhile.

Our assessment of RM Capital business funding

RM Capital’s strongest feature is its ability to structure funding around a commercial transaction or expected receipt. Its main limitation is the absence of public pricing detailed enough for a meaningful cost comparison. The decisive comparison is the cash available now, profit retained after all charges, and liability if the customer fails to pay. Proceed only when those points are clear in the written offer.

RM Capital business funding FAQs

How much funding does RM Capital offer, and how much cash will I receive upfront?

RM Capital publishes an invoice discounting range of R25,000–R10 million per client, subject to approval. Its initial payment can be up to 90% of the invoice value, less factoring or discounting commission, with a final payment after the customer pays. The facility limit therefore differs from the cash available immediately. Its invoice discounting offering can cover a single invoice or part or all of a debtor book.

How does RM Capital factoring differ from a business loan or overdraft?

Factoring involves selling payment rights rather than borrowing through a conventional loan. RM Capital usually structures purchase order funding this way, paying suppliers or providing payment guarantees. It also offers revolving credit through structured finance. For comparison, establish whether you need supplier payments, cash against unpaid invoices or a reusable borrowing facility: these provide different access to working capital.

Can a start-up or service business qualify for purchase order funding?

RM Capital’s published criteria do not confirm general start-up eligibility. Its purchase order funding requires goods supplied to businesses or government departments, profit margins above 20%, and delivery arranged through the supplier or a reputable third party. Construction, cleaning and security services are excluded from this product. A signed order alone therefore does not establish eligibility.

Can RM Capital consider my business if a bank has declined funding or my credit record is poor?

RM Capital says its structured finance can accommodate businesses struggling to obtain bank funding, but this does not establish acceptance of adverse credit. Its privacy policy provides for credit checks during purchase order finance and invoice discounting applications. For purchase order funding, the customer’s ability to pay is also central to assessment; a creditworthy customer does not remove checks on the applicant.

Will I need security or a personal guarantee even if funding is based on an invoice?

The published purchase order process includes a factoring agreement and guarantee agreement, and additional security may be required. It does not identify a universal requirement for a director’s personal guarantee. Request the proposed documents to establish who guarantees payment, whether liability is capped, and whether the guarantee covers only this transaction or future funding too.

Does RM Capital fund professional practices, and does its 24-hour claim mean same-day cash?

Its professional accounts factoring offering covers advocates and other professionals, including doctors, accountants, engineers and architects. RM Capital says funding can be approved within 24 hours. Approval and payment are separate stages: the page does not promise that every applicant receives funds within that period. Confirm document requirements and the expected payment date before relying on funding for an upcoming expense.

How should I compare RM Capital’s charges with another business funder?

The invoice discounting page mentions commission without listing a standard percentage or APR. Request the net advance, every applicable charge and the final balance released for the same invoice and expected payment date. Compare the total rand cost against the cash available upfront. A commission calculated on the invoice’s full value is not directly comparable with a loan’s annual interest rate, particularly when only part of the invoice is advanced.

Will I pay less if my customer settles the invoice early?

The reviewed product pages do not specify a standard early-payment rebate. Establish whether commission is fixed for the transaction or increases with time, whether a minimum charge applies, and whether earlier collection reduces the cost. Request written figures for early, expected and late payment dates: this reveals whether a competing quote remains cheaper when the customer’s payment timing changes.

Who carries the loss if my customer pays late, disputes the invoice or does not pay?

The public product descriptions do not establish that RM Capital takes over every non-payment risk. Check the agreement’s recourse provisions—the circumstances in which it can recover money from your business or a guarantor. Ask separately about customer insolvency, delivery disputes and overdue invoices, including additional charges. Selling payment rights does not, by itself, confirm that your business has transferred the loss.