WHO CAN APPLY?
  • Companies
  • Closed Corporations
  • Trusts with minimum 3 Trustees
MINIMUM REQUIREMENTS:
  • Property with Equity Essential
  • No Personal Loans
  • No Micro Loans

FINANCE APPLICATION PROCEDURE

Step 1:  Complete online application form, or phone Finspire Capital.

Step 2:  Initial assessment is done to determine viability of application.

Step 3:  Should application be viable, a R285.00 (Including VAT) assessment fee is payable.

Step 4:  Attach as many of the following documents as possible:

Standard Documentation
Required Form
Auditors Bankers
Completed and signed Application Form    
SA ID Copy of all persons involved ( Directors and Sureties)    
Signed Access to Information Form    
Completed and signed Transaction Summary    
Completed and signed Disclosure form    
Completed information form for spouses, partners and other contact information    
Company registration documents    
Company Certificate incorporating an Auditor’s Report
X
  
Rates certificate/lease agreement confirming physical addresses    
Original share certificates or certified copies (if applicable)
X
  
Bond balance confirmations  
X
Auditor’s solvency certificate in required form
X
  
Affidavit re solvency and Statement of Assets & Liabilities    
Bank statements for all parties (at least 3 months)  
X
Most recent Income Tax return for all parties
X
  
Any other relevant agreements/ literature    
Letter of consent from: 1st bond holder in required form (if applicable)  
X
Management financial statements (if applicable)    
Audited financial statements (if applicable)
X
  
Payslips – last 2 months (if applicable)    
Copy of marriage certificate    
Copy of relevant title deeds    
Photos    
Rental Schedule    
Company structure    
Valuation – Sworn (or estate agent, depending on property)    

Step 5:  Once Finspire Capital has received all of the above documentation the information will be processed to determine viability. This process will take between 1-2 days.

Step 6:  If the application meets all the criteria the application will be submitted to our credit comittee.

Step 7:  The loan is either then declined, approved in principle subject to certain requirements or finally approved.

Step 8:  Signing of all legal agreements and issuing of guarantees. The entire process including AIP should take between 2 – 5 working days, depending on availability of required information.

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