Import funding
Goods from abroad. Funding from home.
Fund goods sourced outside South Africa.
When your order depends on goods from outside South Africa, the upfront cost and the wait can stall everything. Import funding pays your foreign supplier and covers the cross border costs, using instruments such as Letters of Credit and Standby Letters of Credit.
Who it is for
- Suppliers whose order needs imported products or components
- Businesses dealing with foreign manufacturers for the first time
- Orders between R1 million and R10 million
What the funding pays for.
Foreign supplier payments
Letters of Credit (LCs) and Standby Letters of Credit (SBLCs)
Freight, clearing and insurance
Delivery to your end client in South Africa
What a deal looks like.
A supplier wins an order for specialised medical equipment made in Germany. We confirm the order, issue payment to the manufacturer through a Letter of Credit, and cover shipping and clearing. The goods are delivered, the buyer pays into the supplier’s bank account, and the deal settles.
What to have ready.
You can start your application without these and send them after your first answer. Having them ready speeds things up.
- The purchase order or appointment letter
- The original request for quotation (RFQ)
- The first email from the buyer
- Your supplier quotes
- FICA documents for your business
“They are very professional. I will definitely be doing more Tenders with them.”
About import funding.
What is the minimum and maximum order value?
We fund purchase orders from R250 000 up to R10 000 000.
Why are applications declined?
The most common reasons are:
- The buyer does not respond to our confirmation requests
- Manufacturing lead times are too long for the delivery date
- The wrong specification was quoted, so the correct price leaves no margin
- The buyer has budget constraints
- Delivery costs were left out of the original quote
Do you handle logistics and insurance?
Yes. We arrange logistics and insurance so the order reaches your client safely.
How long does it take?
Preapproval usually takes up to 24 hours once we have your documents. After approval, funds are paid to your suppliers within 48 hours. Verifying the order with the buyer can take longer, depending on how quickly they respond.
Ready when your order is.
Apply online in a few minutes, or send us the order on WhatsApp. You will have a first answer within 24 hours.