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Why choose GAP Access?
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GAP Access is a cash advance for businesses based on historic POS volumes, with daily repayments linked directly to future card sales.
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Get an advance from R30,000 up to R1,5 million, depending on the turnover of your business.
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It costs only 15% of the value of the advance and because it’s not a loan, there are no interest charges.
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Repayments occur daily and are paid back as a percentage of between 5% and 15% of card POS transactions over six or nine months.
How to qualify for GAP Access:
- Your business must have been operational for at least two years
- You must have been a merchant with Nedbank for at least three months
- Your cash flow must come mainly from card-based transactions
- Your minimum annual business turnover must be at least R1 million
- You need to provide personal surety