Welcome to the Business Finance Promotion Agency!

BFPA is an initiative funded by Khula Finance Enterprise Ltd. BFPA is an independent company which considers business loans to the small and medium enterprise sector. Our target market includes all viable small and medium businesses.

Our mission statement is:

To enhance the self-reliant development of enterprise through the provision of finance to small and medium enterprises.

Our products:

1. Business loan finance (Ranging from R 6 000 to R 300 000)
   
   • Equipment (new and old)
   • Stock
   • Working capital - the applicant's motivation for Working Capital will be assessed and funds will be made available accordingly.
   • Franchises - Only registered franchise operations will be considered.
   • Contract financing - Contractors must have the necessary qualifications / ability to perform the work successfully. We will only finance contractors with a valid, viable contract.
   • Land and buildings - We will only finance extensions and alterations to existing business premises.
   • Start-up business - This will be assessed at the discretion of the company.
2. We do not finance the following:
   
   Personal loans, agriculture, gambling, mining, vehicles for personal use, taxis, research & development.
   
   
3. Client profile
   
   The owner of the business must meet the following criteria:
   
   • Be in business for a minimum of 12 months
   • Have related business experience
   • Have some banking record
   • Have a permanent physical address and be contactable telephonically
   • Have a solvent personal balance sheet
   • RSA citizen
4. Business profile
   
   The business must meet the following criteria:
   
   • The business must be viable (trading above break-even) before and after financing
   • The ratio of the owner's equity (own contribution) to total assets must be a minimum of 15%
   • Certified / audited annual financial statements for the last two years (three years for older businesses) is a distinct advantage.
5. Security requirements
   
   We believe that the applicant must share in the risk that we take in granting the loan. This not only reduces the risk to Business Finance Promotion Agency , but also increases the level of commitment to your own business. Hence we require that the applicant offer collateral towards the loan.
   
   A minimum of 70% security of the loan applied for.
   This is negotiable upwards or downwards, depending on the loan package at the discretion of the company.