Premier Finance | Business Funding Assessment

Step 01

First, check the basics.

These answers help determine whether your business is likely to be funding ready or needs preparation first.

How long has your business been trading?

Less than 6 monthsMost business funders will likely need more trading history. 6–12 monthsSome preparation may be needed before applying. More than 12 monthsThis is usually the minimum for business funding. More than 24 monthsStronger trading history can improve funding options.

What is your average monthly turnover?

Below R80,000You may need to build turnover before applying. R80,000 – R250,000This may meet the basic turnover requirement. R250,000 – R1 millionA stronger turnover band for funding assessment. Above R1 millionThis may support larger funding options.

Please answer all questions on this page.

Step 02

What do you need funding for?

Select all that apply. This is the most important part because the purpose often points to the right funding route.

Choose your funding needs

You can select more than one.

📦Buy stock or inventoryYou need capital before sales come in. ↔Bridge cash flowYou need breathing room between expenses and income. 🧾Unlock unpaid invoicesCustomers take 30, 60 or 90 days to pay. 🚚Buy equipment or vehiclesYou need productive assets for the business. 📋Fulfil a contractYou won work but need upfront capital. ↗Expand the businessGrowth, branches, capacity or larger projects.

Please select at least one funding need.

Step 03

How should the funding work?

This helps separate once-off loans from revolving facilities and invoice-based options.

Do you need once-off funding or ongoing access?

Once-off lump sumOne amount for a specific purpose. Ongoing accessWithdraw when needed after approval. Not sureI need guidance on the best structure.

Can the business manage fixed monthly repayments?

YesAffordability appears manageable. It dependsThe amount and term will matter. NoA traditional loan may not be suitable.

Please answer all questions on this page.

Step 04

Do invoices, contracts or assets apply?

These answers help identify invoice finance, asset finance, secured finance or contract funding.

Do you invoice other businesses?

YesB2B invoices may support invoice finance. NoOther funding routes may fit better. SometimesIt depends on the customer or project.

Do customers pay on 30, 60 or 90 day terms?

YesSlow payments may point to invoice finance. NoYou may need working capital instead. MixedSome clients pay upfront, others pay later.

Please answer all questions on this page.

Step 05

Security and documents.

Some products become available when the business has property, invoices, assets or contract documents.

Do you own property that could be used as security?

YesThis may support larger secured funding. NoUnsecured or invoice routes may fit better. Not surePremier Finance can check the route.

Do you have recent business bank statements available?

YesThis helps speed up the assessment. I can get themYou may still proceed after collecting them. NoYour application may be delayed.

Please answer all questions on this page.

Step 06

Director and affordability check.

This is not a credit check. It simply helps estimate whether the application may be ready or needs preparation.

What best describes the directors’ credit position?

Clear / acceptableNo major arrears, judgments or debt review. Some minor issuesThere may still be routes depending on the profile. Debt review / serious issuesBusiness funding approval may be difficult. Not sureThe application may need a careful review first.

Do you have financial records or management accounts?

YesThis supports a stronger application. Basic recordsEnough for some applications. NoPreparation may be needed.

Please answer all questions on this page.

Assessment summary

Your business funding assessment summary.

This is your likely route based on the answers selected. Premier Finance should still review the full details before any application is submitted.

Assessment outcome

Your result will appear here

Your assessment summary will appear here.

Recommended next step

Premier Finance should review your answers before any application is submitted.

Next step

Follow the recommended next step below.

Visit Premier Finance

Find the funding route that fits the way your business moves.