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Business loan bank statements

Business loan bank statements

To get your business assessed for finance, you need to provide bank statements. The bank statements provide financiers with income and expense information to calculate affordability. Affordability is what lenders look for to ensure the business can service the new debt. When applying for a business loan, the document step is usually what holds up the application. Often business owners...

Affordability

Affordability

There are two main factors that lenders consider when deciding to approve your loan. The first factor is your credit score. Lenders first do a credit check on your id number to see how you have been managing your current credit. If your credit score is below 600 points, your application will be automatically declined. However, if your score is...

What happens to my Will when I get divorced?

What happens to my Will when I get divorced?

Your Will is a dynamic and living document that needs to be reviewed and updated every few years to reflect any major events in your life. The reality is that when people go through life -changing events the last thing on their mind is updating their Will. This can cause devastating unintended consequences should you pass away without an updated...

What do I need to apply for a secured long term business loan

What do I need to apply for a secured long term business loan

Secured business loans offer a longer repayment period and more competitive interest charges. By using an asset as a security for the loan, the business can repay the loan over the period of up to three years. This offers the benefit of more time to use the funds within the business. With an unsecured loan, the loan repayment is paid...

Amendments to your Will

Amendments to your Will

Your Will is a dynamic and living document that needs to be reviewed and updated every few years. It should reflect any major events in your life such as: Getting married Getting divorced Having a baby (or three) Buying and selling property Starting businesses Retiring Investing offshore Death in the family or of a beneficiary Updating your Will has to...

Safekeeping of your Will

Safekeeping of your Will

The Master of the high court requires and original (hard copy) signed Will when you pass away and your estate needs to be administered. Getting your Will drafter and signed is one thing. But making sure it’s kept safe and easily retrievable by your executor is another. Some people pass away & no one knows where the original signed Will...

How to pay less interest on your business loan

How to pay less interest on your business loan

Saving interest is a top priority for finance deals. Every business owner wants to access working capital and bridging finance at the best interest rate. So, in this article we would like to show you how you can always pay less interest on your business loan. The key to saving interest is in the repayment period. At Premier Finance we...

Trusteeship

Trusteeship

When you draft your Will it’s important to consider whether part of your estate may be inherited by minors- such as your children or grandchildren. According to South African law, minors may not inherit directly. To ensure you protect their inheritance you can give instruction in your Will that a trust be set up for them when you pass away....

Executorship

Executorship

You Will is a vitally important document that outlines your final wishes when you pass away. When you draft your Will, you can nominate the executor of your choice for your estate. This is an important decision as the executor must be approved and appointed by the master of the high court. The executor is given full authority to administer...

Guardianship

Guardianship

Did you know that passing away without a valid Will in place can be devastating for your dependants? Your children’s inheritance could pass to the government’s guardian’s fund or to the appointed guardian rather than to a trust that will ensure your wishes for them are carried out. That means you would lose control over your children’s inheritance if you...