| Key Parameter | Value |
|---|---|
| Loan amount | R20,000 – R10,000,000 |
| Loan term | 1 – 24 months |
| Interest / fee rate | From 1.7% per month (flat fee) |
| Decision time | Within 24 hours |
| Funds in account | Within hours of approval |
| Collateral required | None |
| Early settlement penalty | None (discount applies) |
| Application fee | None |
| Monthly facility fee | None |
Advantages of Bridgement
- Speed: Apply in two minutes, receive a credit decision within 24 hours, and access funds in your account within hours of approval during business hours.
- Transparent single fee: You pay one flat fee per drawdown — no compound interest, no hidden monthly charges, no administration fees.
- No collateral: Bridgement does not require property, equipment, or personal guarantees as security for its standard facilities.
- Standby credit facility: Once approved, keep your credit limit available at zero cost. You are only charged when you draw funds — making this ideal for businesses that want a financial safety net without a running fee.
- Accounting integration: Native integration with Xero, Sage, and QuickBooks means your loan drawdowns and repayments are automatically reconciled in your accounting system.
- Early settlement discount: Repay early and receive a discount on the remaining fee — a genuinely borrower-friendly policy.
- Flexible repayment frequency: Choose daily, weekly, fortnightly, or monthly repayments to align with your business cash flow.
- High maximum: At R10,000,000, the maximum facility is significantly higher than most alternative lenders in South Africa.
Disadvantages of Bridgement
- Not for sole traders / informal businesses: You must be a formally registered company or close corporation in South Africa.
- Minimum turnover threshold: Businesses earning below R500,000 per year will not qualify.
- Rates vary: The 1.7% per month starting rate applies to the best-qualified applicants. Businesses with thinner credit profiles or shorter trading histories may receive higher rates.
- No physical branches: All interaction is digital — not suitable for business owners who prefer face-to-face service.
- No personal loans: Bridgement exclusively serves registered businesses; it does not offer personal finance products.
Who Is Bridgement Best Suited For?
Bridgement is the right choice for:
- SMEs with seasonal cash-flow gaps that need short-term working capital without long approval timelines
- Businesses waiting on slow-paying debtors who want invoice financing to unlock tied-up cash
- Growing businesses that want a revolving facility on standby for opportunistic purchases, bulk stock, or unexpected expenses
- Accounting-software users who want their business finance integrated directly with Xero, Sage, or QuickBooks
Bridgement is not the right choice for early-stage startups with no trading history, businesses below R500,000 annual turnover, or borrowers who need personal loans rather than business finance.
Customer Reviews
The Creditdeals.io editorial team verified customer feedback across multiple platforms. The dominant themes in positive reviews include:
- "The application took literally two minutes and the money was in my account the same day."
- "I love that there are no hidden fees. What they quoted is exactly what I paid."
- "The Xero integration saves me hours of bookkeeping every month."
Occasional criticisms note that the minimum turnover requirement excludes very small businesses, and some customers wanted longer repayment terms beyond 24 months for large facilities.
Our Editorial Rating
| Criterion | Score |
|---|---|
| Application simplicity | ⭐⭐⭐⭐⭐ (5/5) |
| Transparency of fees | ⭐⭐⭐⭐⭐ (5/5) |
| Speed of approval | ⭐⭐⭐⭐⭐ (5/5) |
| Flexibility | ⭐⭐⭐⭐ (4/5) |
| Customer support | ⭐⭐⭐⭐ (4/5) |
| Overall | ⭐⭐⭐⭐½ (4.5/5) |
Similar Business Finance Providers
- Lula (formerly Lulalend) — revolving working capital, similar eligibility
- Merchant Capital — revenue-based repayments, suitable for card-heavy retailers
- Retail Capital — merchant cash advances, strong in hospitality and retail
- Standard Bank Business Loan — lower rates, longer approval time
Frequently Asked Questions — Review
Q: Is Bridgement legit? Yes. Bridgement is a registered South African credit provider operating under the National Credit Act. It is a member of SASFA and has been operating since 2016 with a publicly known founder and management team.
Q: Does Bridgement check credit? Yes. Bridgement uses credit bureau data, bank statements, accounting records, and business registration data to assess applications. A credit check is part of the process.
Q: Can Bridgement fund my business on the same day? For approved applications, funds can reach your bank account within hours during business hours. Same-day funding is possible but depends on approval timing and bank processing.
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