Lula
VerifiedQuick business loans with a simple online application.
Cash Flow Facility
Rate: 2–6% a month
Speed: 24 hours
R10k to R5m
Business lines of credit in South Africa.
A revolving facility — the lender approves a limit, you draw what you need when you need it, and only pay interest on what’s outstanding. Repay and re-borrow as you go. Works like an overdraft but from an alt-lender rather than a bank, usually with faster approval and a cleaner fee structure.
Is a line of credit a fit?
Green flags
- Needs are lumpy and irregular — not one lump sum.
- You want the optionality: approved once, draw as needed.
- Cashflow cycles are predictable enough that you won’t live at the limit.
Red flags
- You’ll end up drawing the full limit and never bring it down — a term loan is usually cheaper.
- Discipline is thin — revolving credit can quietly become permanent debt.
- You need the money once, for a specific thing — overkill for that use case.
Line of credit lenders on Frank’s panel
FAQ
A revolving facility — the lender approves a limit, you draw what you need when you need it, and only pay interest on what’s outstanding. Repay and re-borrow as you go. Works like an overdraft but from an alt-lender rather than a bank, usually with faster approval and a cleaner fee structure.
It tends to fit when needs are lumpy and irregular — not one lump sum; you want the optionality: approved once, draw as needed; cashflow cycles are predictable enough that you won’t live at the limit.
Speeds vary by lender, from same day to a few weeks. Each lender above shows its typical speed; your own application can move faster or slower depending on the documents you have ready.
Yes. Every lender on Frank’s panel requires the business to be registered in South Africa, and each sets its own minimum trading history.
No. You are never charged for using Frank. If you are funded, the lender pays Frank a referral fee. The fee is the same whichever lender you choose, so it never changes the rate or terms you are offered.
No. Frank is not a registered financial services provider and does not give financial advice as defined in the FAIS Act. It explains funding products and introduces you to lenders; any credit agreement is directly between you and the lender.
Other funding types
Check your business
Not sure this is the right fit? Check your business against every lender's rules.
It takes about a minute and there is no credit check. Frank checks your answers against every lender’s rules and shows you what fits and what does not. When you choose a lender, Frank sends them your application on the answers you have already given.
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