Frequently Asked Questions

MiFunding is a South African funding brokerage that helps businesses find the right funding solution through our network of trusted finance providers. Instead of applying to multiple lenders, you complete one application, and our funding specialists identify the funding option best suited to your business.

No. MiFunding does not lend money directly. We work with a network of finance providers across South Africa and help match businesses with funding solutions that suit their needs.

Different lenders specialise in different types of funding and have different approval criteria. Rather than spending time applying to multiple institutions, MiFunding assesses your business and submits your application to the finance provider most likely to meet your funding requirements.

No. Our funding matching service is provided at no cost to applicants.

Yes. MiFunding operates entirely online and assists businesses throughout South Africa.

Simply complete the Get Funded application on our website.

One of our funding specialists will contact you within one business day to discuss your funding requirements and guide you through the next steps.

After receiving your enquiry, we'll:

• Review your information.
• Contact you to discuss your business.
• Request any supporting documents.
• Identify suitable funding solutions.
• Submit your application to appropriate finance providers.
• Keep you informed throughout the process.

The required documents depend on the funding solution and finance provider.

Common documents may include:

• Company registration documents
• Bank statements
• Financial statements
• Management accounts
• Identification documents
• Purchase orders or invoices (where applicable)

Your funding specialist will advise exactly what is required.

Timeframes vary depending on the funding solution and finance provider.

Some applications can be processed within a few days, while others may take longer depending on the complexity of the transaction and the documentation required.

We aim to contact all applicants within one business day.

We assist registered South African businesses across a wide range of industries.

Eligibility depends on the funding solution being considered and the finance provider's requirements.

Some funding solutions require a minimum annual turnover, while others do not.

This varies between finance providers.

Possibly. While some finance providers place significant emphasis on credit history, others consider additional factors such as assets, purchase orders, invoices or the overall strength of the business.

Our funding specialists take the time to understand your business, your funding requirements and your objectives before identifying the funding solution most likely to meet your needs.

This is the value MiFunding provides; you don't need to know which funding product is right for your business.

Funding amounts vary depending on the funding solution, your business and the finance provider.

Our specialists will discuss your funding requirements and identify suitable options.

Yes. Where appropriate, we may approach multiple finance providers or recommend more than one funding solution to achieve the best outcome.

A declined application with one finance provider does not necessarily mean funding is unavailable.

Where possible, we'll explore alternative funding solutions through our network.

Working Capital Finance provides funding to help businesses manage day-to-day operating expenses, improve cash flow and support business growth.

Working Capital Finance may be suitable when you need to:

• Cover operational expenses
• Pay suppliers
• Manage seasonal cash flow
• Take advantage of growth opportunities

Purchase Order Finance helps businesses fulfil confirmed customer orders by providing funding to pay suppliers before payment is received from the customer.

Businesses that have confirmed purchase orders but need funding to fulfil those orders.

Invoice Finance allows businesses to unlock cash tied up in unpaid customer invoices instead of waiting for payment terms to expire.

Invoice Discounting is a form of Invoice Finance.

Different finance providers structure these products differently, and our specialists can recommend the option best suited to your business.

Asset Finance helps businesses purchase vehicles, machinery, equipment and other business assets while preserving working capital.

Yes. Depending on the circumstances, existing business assets may be used to support certain funding solutions.

Yes. Property-backed funding may allow businesses to access funding by leveraging the value of qualifying property.

Property Bridging Finance provides short-term funding while waiting for a property transaction to be completed.

Bond Bridging Finance helps bridge the gap while waiting for bond registration or property transfers to be finalised.

Bond Origination is the process of preparing and submitting a bond application to a lender. Our team can assist with sourcing and facilitating suitable bond finance where applicable.

Yes. Solar Finance can assist businesses in funding commercial solar installations, helping reduce energy costs while preserving cash flow.

Funding options may include, but are not limited to:

• Working Capital Finance
• Asset Finance
• Invoice Finance
• Purchase Order Finance
• Property-Backed Finance
• Property Bridging Finance
• Inventory Finance
• Solar Finance
• Luxury Asset Finance
• Bond Origination

Our funding specialists will determine which option is most suitable for your business.

Absolutely. Most business owners aren't funding experts, and they don't need to be.

Our job is to understand your business, assess your funding requirements and identify the funding solution best suited to your needs.

Instead of applying to multiple lenders, simply complete one application, and we'll do the legwork.

The strongest applications are supported by accurate financial information, complete documentation and a clear understanding of how the funding will benefit the business.

Our funding specialists will guide you through the process and help ensure your application is presented as effectively as possible.