Altfund provides short term asset backed business loans for the existing business or entrepreneurs.
Who may apply?
Companies, close corporations and trusts with 3 trustees
Security for the loan?
1st covering bond to be registered over property. (not prime residence)
Term of loan?
Short term, usually 3 to 4 months but six months will be considered if monthly installments are paid promptly.
Cost of loan?
Opportunity cost of 1.5% per week.
Loan to value of property?
50% on urban residence, 30% on farms, subject to our own valuation.
If all documentation has been received, payout can be done within 10 business days.
Copy of company documents or trust deed with letter of authority.
ID documents of directors, members, trustees and all beneficiaries.
Proof of address for the above.
Copy of title deed or latest bond statement.
Forced sale valuation letters from 2x franchise estate agencies.
Latest rates and taxes bill for property to be bonded.
Latest utilities bill for property to be bonded.
Back To Top