OUR COMMITMENT


easy
to use


answers
in 24 hours


quick
pay-out

LOAN CALCULATOR

ANNUAL TURNOVER

0.00


INVOICE AMOUNT

50000


PAYMENT TERMS

30

YOU WILL RECEIVE

As soon as the
next business day



38500



AFTER THE
INVOICE IS PAID



9625




01

Apply

Quick and simple online registration

02

Upload your invoice

We make loans against invoices payable by our corporate or public sector partners

03

Get paid

Receive up to 80% of your invoice value in as soon as 3 business days

04

When your customer pays

Get paid the remaining 20% as soon as your invoice is settled.

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WHY USE BRIGHT ON


Bright On provides fast, simple, flexible and transparent access to
cash-flow financing.

SIMPLE

Transact online
24 hours a day.
No paperwork required

FAST

Quick and easy
application and approval
process. Only simple and
easily accessible
information required

FLEXIBLE

Finance only what
you want, and when
you need it

TRANSPARENT

Upfront and clear
finance costs, and
no hidden fees

HOW IT WORKS

  • Bright On Capital is an online peer-to-peer enterprise-lending platform, that serves as an online market place and allows SMEs to simply and quickly raise working capital funding from a wide range of traditional and non-traditional lenders.
  • These lenders include developmental funding institutions (“DFIs”), pension funds, corporate enterprise development funds and other institutional investors.
  • The person applying on behalf of the business needs to be a director, member or partner of the business.
  • The business needs to be a South African registered company, closed corporation or partnership.
  • The business must have a annual turnover of no less than R1 million and no more than R50 million.
  • We are rapidly increasing the size of loans that you will be able to raise through the Bright On Capital platform
  • Complete the simple and easy application form, and submit the following documents on the website or via email or fax:
    • Your business’ registration documents.
    • Your business’ 6 month bank statement.
    • Your business’ tax clearance certificate.
    • Your business’ BEE certificate (For a business with a turnover of less than R10 million that doesn't caurrently have a BEE certificate, you can complete an Affidavit and have it stamped signed by a Commissioner of Oaths. Once the Affidavit has been stamped and signed by a Commissioner of Oaths, it serves as a BEE certificate. Please click here to download the Affidavit.)
    • Your business’ latest audited financial statements and its most recent management accounts (optional for businesses generating less than R5 million revenue per annum).
    • Your business’ proof of business address.
    • ID copies for each director, member or partner; and
    • Proof of residential address for each director, member or partner.
  • These documents are required for FICA and credit assessment purposes.
  • We reserve the right to request additional information to assist us with our screening process.
  • The completion of the application form and submission of the required documents online should take you no more than 15 minutes.
  • Once you register, there is no obligation to use our service.
  • A Clearing Bank Account will be opened on your behalf with one of our banking partners.
  • Your corporate and public sector customer will make payment into this bank account.
  • At this stage, we only make loans against invoices payable and issued by our corporate or public sector partners.
  • We are rapidly expanding our corporate and public sector partnerships, and should you wish to recommend one of your customers to become a Bright On corporate partner, please let us know. We will require the name of the company and the relevant contact person.
  • Our corporate and public sector partnerships allow us to provide you with the lowest possible interest rates.
  • When you submit your invoice to you customer, it must reflect the new Clearing Bank Account details supplied to your business upon the completion of its Bright On registration
  • You will submit a copy of the invoice you gave to your customer onto the Bright On platform or via email or fax.
  • We will authenticate and confirm your agreed payment terms with your customer, along with any other information that may be beneficial to you.
  • Payment is made as soon as your customer authenticates your invoice, and confirms that payment will be made according to the agreed payment terms.
  • Fees are calculated based on the value of the invoice. Please click here for breakdown.
  • Many corporates pay their invoices after 30 days, and some even longer.
  • Your customer pays you into your new Clearing Bank Account.
  • The residual amount (customer payment less loan repaid) will be transferred into your trading (bank) account immediately.
  • No funds will remain in your Clearing Bank Account for longer than 1 business day.
  • Cession of the invoice and debtor's book.
  • The company’s director(s) and shareholders(s) will need to stand as guarantors for the business’ loan obligation to Bright On and its lending partners.
  • The security of your data is our highest priority, our team of developers have built the highest level security environment that is compliant with the industry's strictest requirements.


LET'S TALK

CONTACT US

If you want to know anything more about Bright On don't hesitate to ask


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