What is a Tender Funding?

These days bidding for a tender is an extremely competitive process. Many companies ranging from small, one-man-band businesses all the way up to large corporations are invited to offer their services and bid for a contract.

Finance or the lack of it often gets in the way of success. Having a dedicated finance partner with all the supportive services and dedicated management is all you need to ensure you can fund every opportunity to grow your business.

The most common tenders in South Africa are Government tenders, which attract many different businesses across many different industry sectors. Government tenders range from the sourcing of transport and accommodation suppliers to large construction projects.

Companies that find themselves cash strapped and unable to pay suppliers are putting their company, the project and any glimmering hope of receiving further tenders at unnecessary risk.

The Solution – Tender Financing

Tender funding is the solution to help businesses to always deliver on time.

Unfortunately, most entrepreneurs and small businesses that have secured a tender don’t qualify for traditional business loans. Not having sufficient cash flow to spend on the order will affect your ability to deliver the order on time.

Tender Finance is the best way to solve this challenge.

Tender funding companies in South Africa offer entrepreneurs and businesses funding to deliver on purchase orders from Government.

Funding for tenders can be applied for once a purchase order has been received for the tender. The tender funder fits the bill for the total cost of the invoice to the supplier, allowing the business to deliver on the order as promised.

Once the client has paid the company for the goods, the business will then make payment to the funding tender based on negotiated rates as per the contract signed.

There are many Tender Financing companies in South Africa. Within in Johannesburg, these range from smaller independent financial institutions to larger banks that have tender financing divisions.

How are we different to banks?

These tender funding and purchase order companies are willing to take the risks that traditional banks won’t take. We offer extremely competitive interest rates to finance any purchase order or tender.

Banks require 3 years of financial statements in order to grant a business loan, whereas tender funding companies look at it as an investment in the future of your business.

What are the benefits for your business?

  • No bank deposits are required.
  • No bank collateral or credit is required.
  • Competitive interest rates.
  • Able to maintain supplier relationships.
  • Improve the cash flow for your business.

Our Services have become a lifeline for small businesses throughout South Africa. We give your business the confidence to chase bigger orders.

Our management and dedicated agents are here to assist your company in finance opportunities and grow your businesses. We are specialists in purchase order and tender financing.

Tips on how to ensure success?

To participate in a tender each business must include a description of how their company can meet the project requirements through the service that they offer. Companies must utilise a well-structured process in order to get the most out of the opportunities available.

With extensive preparation any business can dominate the bid and tender process however, it is important to ensure your company has the necessary financial support to deliver on the tender. 

Getting access to the finance needed to fund your needs is critical.

For many small and medium enterprises securing funding once a large tender has been one turns out to be the most challenging part of the entire process.

How Biz Funding Works

Our solution is designed to assists businesses in struggling with cash flow. Our company was founded on a simple principle to provide as much support for our clients as possible. We understand the best ways to leverage finance to ensure you always have the working capital you need.

We fund within 72 hours should you comply with all the requirements.

Our finance experts and management are always keen to share our knowledge and expertise. We can help you fund your business and avoid hight credit rates and expensive loans.

What are the challenges of getting credit in South Africa?

Now is the time to contact us to secure financing for your tender or purchase order for your company.

Please contact us via email or call us if you have any queries or questions.

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It Only Takes 3 steps to get approved

Apply Online

Simply Apply Online and send us your Purchase Order with specification of RFQ as well as the suppliers quotation!

Verification

Once we have validated the documents and given you a proposal we will request the following:

  • Copy of all directors ID
  • Proof of residential address of all directors
  • Proof of business address
  • 3 TO 6 Months bank statements
  • CK Document
  • Tax Clearance Certificate
  • Registered on CSD
  • BEE Certificate 

Verification

Once we have validated the documents and given you a proposal we will request the following:

Copy of all directors ID

Proof of residential address of all directors

Proof of business address

3 TO 6 Months bank statements

CK Document

Tax Clearance Certificate

Registered on CSD

BEE Certificate 

Funds Transfer

Once we have validated your documents and you accept our proposal, we can start funding your transaction.

Looking For Funding?

Contact Us Now!