Asked Questions

What are the credit score requirements?

A poor credit score, defaults, or judgments do not affect our qualification criteria. However, non-compliance with tax obligations is a deal-breaker.

What is the process?

01. Submit Your Application

02. Review

03. Verification

04. Offer

05. Account Created

06. Funding Paid

07. Tracking

08. Notes

09.Payment Received

10. Recieve Profits

01. Submit Your Application

Complete the application form on our website.

02. Review

Pannel will review your documents for pre-approval.

03. Verification

Department and supplier verification.

04. Offer

Offer and JV agreement.

05. Account Created

Designated account created & CSD loaded.

06. Funding Paid

Funding paid to preferred supplier.

07. Tracking

Products & services are tracked and traced from supplier to end-user.

08. Notes

Invoice and delivery notes submitted.

09.Payment Received

Payment received from end-user

10. Recieve Profits

Profits disbursed.

Do you only fund Government Purchase Orders?

Not at all.

We can assist with funding for both Government and Private Sector Purchase Orders.

Whether you’re supplying to a Government Department, Municipality, SOE, or a private company, we’re here to help you take advantage of the opportunity and deliver successfully.

What is the minimum and maximum order value?

Clients can apply for purchase orders with values ranging from R250,000.00 to a maximum of R100,000,000.00.

How long does the process take?

For new clients, pre-approval is typically completed within 24 hours, and payments are disbursed within a few hours of approval.

Do you offer fixed-rate pricing?

Absolutely! We offer customized fixed-rate plans for our recurring clients, designed to align perfectly with your business needs and requirements.

Do you provide funding for purchase orders outside South Africa?

No, we currently only fund purchase orders from South African government institutions.

What documentation is required for a funding application?

The following documents are required for a funding application:

• Original RFQ (Request for Quotation)
• Initial email from the department
• Purchase Order
• Supplier Quote

Do you need to talk to the Department that issued my Order?

Yes, we communicate directly with the issuing department to confirm details and ensure your funding process runs smoothly from start to finish.

For which reasons will an application be declined?

Applications can be declined for various reasons. The most common include:

• The purchase order issuer (department) is not responding to confirmations.
• Lead times for manufacturing the goods are too long.
• The wrong specification was quoted, resulting in underquoting once correct pricing is obtained.
• The department is experiencing budget constraints.
• Delivery fees were not considered during the initial assessment.

These checks ensure that all funding is allocated smoothly and successfully.

Do you provide financial assistance letters for tendering purposes?

Yes! AAA Consortium can provide a letter of intent to fund, subject to our standard due diligence process, to support your tender applications.

How and when is repayment made?

Repayments are made the day funds have been received into the dedicated account, capital and cost of capital is disbursed along with client profits.

Can I apply for funding for multiple POs at once?

Yes, you can! The more, the merrier, we’re happy to help fund multiple purchase orders so your business can keep growing.

How quickly can I receive funds after approval?

Once your funding is approved, you can receive the funds within 48 hours, helping you move forward with your order without delay.

Do I need trading history to apply for funding?

No, you don’t need a trading history. As long as you have a valid purchase order, you can apply for funding with AAA Consortium.

How long does it take to get an answer on my application?

24 Hrs for pre-approval.

Do you pay my suppliers directly or pay the funds to my business?

We pay the supplier amount directly to the supplier/s.

Is personal collateral or a personal guarantee required?

No, you only need a valid purchase order to access funding, no personal collateral or guarantees are required.

Will using AAA Consortium affect my existing bank facilities or credit profile?

No, using AAA Consortium for purchase order funding does not impact your existing bank facilities or credit profile.

How does funding help my business grow?

It allows you to access capital that would generally not be accessible for SME’s that don’t have any credit history, thus you able to execute on a transaction showing trade history to be able to access institutional capital

Can startups or early-stage businesses apply?

Yes! As long as you have a valid purchase order, your business can apply for funding with AAA Consortium.

Will my customers know I’m using funding?

Yes, your customers will be aware, but our process ensures it’s handled professionally and transparently, maintaining trust and confidence in your business.

Do you assist with supplier vetting?

Yes! We have an experienced supplier vetting team that ensures your suppliers are reliable, helping your orders run smoothly from start to finish.

Do you just fund, or do you provide support and guidance throughout the funding process?

At AAA Consortium, we go beyond just funding. We provide guidance throughout the execution stage to ensure the correct product is delivered on time and to specification, helping you achieve a successful outcome.

I do not want you to talk to my client. How do we go about this?

We require clear communication to ensure a smooth funding process. You can manage client interactions, but we ask that you keep us copied in all correspondence so we can assist and ensure everything stays on track.

Why do you need all this information and documents?

We request this information to ensure a smooth and seamless funding process for you. Having all the necessary documents and confirmations allows us to move quickly, accurately, and confidently, helping you access your funding without delays or risks.

My client already confirmed. Why do you ask the same questions again?

We double-check certain details to ensure everything is fully approved and aligned with the end user. This helps prevent any issues during delivery and keeps your transaction running smoothly from start to finish.

Do you fund start-up businesses?

We focus exclusively on purchase order funding, helping businesses access the capital they need to deliver on confirmed orders and grow with confidence.

Can you fund the car that I want to purchase?

We specialise in purchase order funding, supporting businesses to fulfil confirmed orders and grow their operations. While we don’t fund personal purchases, we’re here to help your business succeed.

What compliance checks are performed during the vetting process?

We conduct standard FICA and verification checks on all applications to ensure regulatory compliance and business legitimacy.

What happens if fraudulent documentation is submitted?

We take the integrity of our documents very seriously. If any fraudulent information is detected, the application will be declined immediately. As a registered Accountable Institution, we are also required by law to report such incidents to the relevant authorities.

Do you provide updates throughout the process?

Absolutely. At AAA Consortium, we prioritise clear and transparent communication, keeping you informed at every stage of your transaction so you always know exactly where your deal stands.

How and when does AAA Consortium get repaid?

Repayment to AAA Consortium happens automatically once the payment from the end-use capital reflects in your dedicated account. On the same day, the cost of capital is settled with us, and profits are disbursed to you, ensuring a smooth and transparent process.

Are you registered with any financial or regulatory bodies?

Yes, AAA Consortium is registered as an Accountable Institution with the Financial Intelligence Centre (FIC) and operates in full compliance with all relevant South African financial regulations.

What is Purchase Order funding?

Purchase Order (PO) Funding is a type of short-term business funding tool that helps you deliver on a valid purchase order when you don’t have the cash upfront to cover the costs.

Can I deliver the stock myself to minimize cost?

We’re unable to allow self-delivery, as all deliveries go through approved channels to make sure your order reaches the end user safely and without any issues.

In which account will the Invoice be paid into?

Invoices will be paid into the dedicated account.

How long have you been in business?

Established in 2010 as a supplier, AAA Consortium gained firsthand insight into the financial challenges faced by SMMEs. Since 2022, we’ve focused on providing tailored purchase order and invoice funding solutions, helping our clients grow and succeed.

What happens if the invoice is not paid within the stipulated agreement?

If payment is delayed, a daily fee will apply. To help avoid this, we have a dedicated payment follow-up team that works with you and your clients to ensure payments are processed smoothly and on time.

Can you assist when the delivery date has passed?

Absolutely!

Can I still apply for funding if I am blacklisted or under debt review?

Yes, we can assist you as long as you have valid PO with the correct documents.

Is there some sort of tracking on the deal to see where we stand and what process or stage we are with the deal?

Yes. We have a client portal, where you can log in at any time to view real-time updates on your deal, including its current stage. In addition to the portal, we also send automated email updates to keep you informed throughout the entire process.

Are fees calculated only business days or all days?

Fees are calculated from the day the capital is deployed until the funds are received in your dedicated account. This calculation includes weekends and public holidays.

Who is the team?

We have one of the best teams in the industry, with each member bringing plenty of experience in their role. We use that expertise to provide smart funding solutions that help SMMEs succeed. Check out our team’s faces on our About page!

Is it a loan and what is the interest rate?

No, this is not a loan.

Are there any hidden or additional costs we should be aware of?

No, there are no hidden or additional costs. What you see is what you get, transparent and straightforward.

Can fees be deducted directly from the PO amount received?

Yes, fees can be conveniently deducted directly from the purchase order amount, making the process seamless and hassle-free for you.

Do I need to be tax-compliant before applying?

Yes, being tax-compliant ensures a smooth and quick application process, helping us get your funding to you without delays.

 

Must my company be registered for VAT?

No, your company does not need to be VAT registered. However, it is beneficial. If you are registered, you can claim the VAT on our invoices and lower your net cost, as AAA Consortium is a registered VAT vendor.

Can you work with our existing suppliers or must we choose from approved suppliers?

We are willing to work with existing suppliers, however if we find that the supplier is not credible, we will suggest a preferred supplier.

Will you contact my client directly?

Yes, we may contact your client directly to confirm details and ensure the funding process runs smoothly, keeping everything on track for you.

Do you pay the supplier directly or the business?

We pay the supplier directly, ensuring your order is fulfilled accurately and on time while keeping the process simple and secure for your business.

Do you fund 100% of the supplier cost?

Yes, we do, if it’s required.

Do you handle logistics and insurance?

Yes, we take care of logistics and insurance to ensure your order is delivered safely and efficiently, giving you peace of mind throughout the process.

How do I track my purchase order funding?

Log in to the Clients Portal on our website. Your current and past funding requests will be visible as soon as you log in, including the deal reference number and progress updates.

Can I monitor my funding requests online?

Yes. The AAA Deal Tracker lets you track the status of all your funding requests in real-time without needing to call or email.

Will I receive updates about my funding requests?

Yes. Each funding request is updated in the portal as it moves through the process, so you always know the status.

Is the deal tracker available for all AAA Consortium clients?

Yes. Every client with a portal account can access the tracker and monitor their funding requests at any time.

Do I qualify for Private Sector Purchase Order Funding?

You may qualify if you have:

• A valid Purchase Order from a private company
• Clear details of the goods or services required
• Delivery dates and order values
• A buyer that is expected to pay according to agreed terms

If you’re unsure whether your deal qualifies, don’t worry. Our team will gladly assess the opportunity and guide you through the process.

Do I need to be registered as a vendor with the buyer?

Yes.

Most private companies only purchase from approved suppliers that are registered on their vendor database.

If you’re already registered, that’s a great start and can help make the funding process smoother.

What information will AAA Consortium need about my buyer?

To help us understand the opportunity, we’ll usually ask a few simple questions, such as:

• Are you registered as a vendor with the buyer?
• What is your supplier code or vendor number?
• Have you supplied them before?
• Do you already have a Purchase Order?
• Who is your contact person at the company?
• What are the payment terms?
• Where will the goods or services be delivered?

The more information you can provide upfront, the quicker we can assess the deal.

Do you fund services or only products?

We may be able to assist with both.

Every opportunity is different, so we’ll look at the details of the order and determine whether funding is available.

Is the Private Sector funding process the same as Government funding?

Very similar.

The main difference is that private sector opportunities are assessed individually.

Our goal is to understand the opportunity, the buyer, and your delivery requirements so that we can structure a funding solution that works for everyone involved.

Can I get Invoice Discounting on a Purchase Order already funded by AAA Consortium?

No.

If AAA Consortium has already funded the Purchase Order, we won’t be able to provide Invoice Discounting on the same transaction.

If you have other qualifying Purchase Orders or invoices, we’d be happy to discuss alternative funding options with you.

What type of Private Sector deals do you fund?

Our primary focus is supply and delivery opportunities.

If you’ve secured a Purchase Order and need funding to purchase stock, fulfil the order, and deliver to your client, we may be able to help.

Do you fund working capital or operational expenses?

No.

Our funding is linked to a specific Purchase Order and is designed to help you fulfil that order successfully.

We don’t provide funding for salaries, rent, day-to-day expenses, or general working capital requirements.

How quickly can I get a funding decision?

We know that timing matters.

Once we’ve received all the required information and documents, our team will assess the opportunity as quickly as possible and keep you updated every step of the way. Pre-approval can take up to 24 hours.