Our Revolving Capital Facility is designed to be user-friendly and efficient, similar to a revolving loan, but with some added benefits.
You won't encounter any monthly account or admin fees, and you only pay for what you actually use, if you decide to use it.
When you apply for a Revolving Capital Facility, you'll receive a pre-approved limit that you can easily see on your customer profile. Whenever you need funding, just start a draw-down request on your customer profile for the amount you need, as long as it's within your available balance.
The great thing about the Revolving Capital Facility is that you don't have to re-apply each time. However, it's important to remember that, since Lula is committed to responsible lending, your ability to withdraw from your capital facility will always be subject to a credit and affordability assessment when you initiate a request. And don’t forget to send in your bank statements each month to help keep everything running smoothly.