Frequently
asked questions

Your business must be registered with the South African CIPC, been operation for at least 6 months and have a minimum turnover of over R30 000 p/m before applying.

No, our application and pre-approval for funding is completely free.

Upon reviewing and accepting your application, funding arrangements can be repaid between 6 weeks – 12 months depending on the operation of your business. Your application can better determine these repayment terms.

Our advances range anywhere from R15,000 to R1,000,000. Funding is determined by how much you as a business need. Once an application has been submitted, our team of experts will assess your business to ensure that the funding you will receive is affordable – speak to a Core consultant.

No. We understand that not all businesses and people have perfect credit scores. Credit scores do not affect your ability to qualify for funding from Alpha Advance. Although we look at credit scores as a whole, our funding experts will internally assess a business’s ability to secure funding.

You are the owner of your business! Using your funds efficiently is completely up to you. As experts in the industry we advise our clients to use their funds for growth, scaling and expansion. The use of funds is up to you!

Right here, on our website. The application process takes no more than 10 – 15 minutes to complete.

Once an application has been submitted, it is directed to our team of underwriters who will review and approve your application. Once approved, funding can be transferred within 24 – 48 hours.

We offer 3 kinds of repayment methods. Repayments can either be paid daily, weekly or monthly, depending on the business’s needs. Methods of repayment include: Electronic Funds Transfer (EFT), Split Processing through your credit card terminal (POS) and debit orders.