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Lulalend is now Lula. We have a new name, a new look, but we're still your friends in funding 😃.

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Am I eligible for Lula business funding?

Lula provides funding to a wide range of South African businesses. To qualify, your business must meet a few minimum eligibility requirements relating to your trading history, revenue, and business type.

Minimum eligibility requirements

To apply for business funding, your business must:

  • Have been actively trading for at least 12 months.
  • Have a minimum annual turnover of R500,000 (approximately R40,000 per month).
  • Be registered and operating in South Africa.

Which business types are eligible?

We currently provide funding to:

  • Private Companies (Pty Ltd) and Close Corporations (CCs) registered with the CIPC.
  • Sole Traders/Sole Proprietors who are either:
    • VAT registered, or
    • actively using one of our integrated payment partners:
      • Yoco
      • NightsBridge
      • Hello Pay
      • Peach Payments

Do you fund start-ups?

At this stage, we don't provide funding to businesses that have been trading for less than 12 months.

Our funding assessments are based on your business's historical financial performance, so we need at least one year of trading history to assess affordability.

If your business is still in its first year, we'd love to hear from you once you've reached the 12-month trading milestone.

 

What we do NOT fund?

Please note that we cannot provide funding for the following:

  • Invoices/Contracts: We cannot fund businesses based solely on a purchase order or contract.
  • NPOs: We do not sponsor or fund non-profit organizations.
  • Acquisitions: We do not provide capital for the acquisition of existing businesses.