What Documents Are Required?
| Document | Required? |
|---|---|
| SA business registration certificate | Yes (may be checked electronically) |
| 3 months bank statements OR account linking | Yes (one or the other) |
| Director ID / passport | Yes |
| Proof of business address | May be requested |
| Financial statements | Not typically required for standard applications |
Requirements to Qualify
- Business registered and trading in South Africa
- Minimum 1 year of trading history
- Annual revenue of R500,000 or more
- Business and/or director credit record in good standing
- Active South African business bank account
Common Reasons for Decline
- Business trading for less than one year
- Annual revenue below R500,000
- Adverse credit history (significant defaults or judgements)
- Incomplete or inconsistent financial information
- Business operating in a restricted industry
Tips for a Successful Application
- Use the account linking option — it is faster and provides Lula with more accurate data, which can improve your quote.
- Ensure your bank account reflects consistent, regular revenue deposits.
- Apply during business hours (Mon–Fri) to receive same-day assessment.
- Have your company registration number and director ID number on hand before starting.
- Be realistic about the funding amount — applying for an amount proportionate to your monthly revenue increases approval likelihood.
Online application journey at secure.lula.co.za
Lula Lend (Pty) Ltd (registration 2014/156767/07, 3rd Floor, Pier Place, Heerengracht Street, Cape Town) runs a fully digital SME application at https://secure.lula.co.za/signup. Most owners complete the profile in under eight minutes without visiting a branch or posting paper statements.
- Open lula.co.za, choose Cash Flow Facility or Fixed-Term Funding, and tap apply.
- Enter CIPC registration details, director ID numbers and turnover bands — the minimum gate is one year trading and R500,000+ annual revenue for a registered South African business entity.
- Link your business bank account read-only or upload three months of PDF statements. Linked accounts feed the Lula Score, which weights real-time cash flow alongside bureau data at TransUnion SA and Experian SA.
- Submit during Monday–Friday business hours for same-day assessment where possible; decisions typically land within 24 hours.
- Review your personalised quote — monthly cost charges sit in the published 2%–6% band depending on product and term — accept online, and nominate the SA business account for EFT disbursement.
- Track the facility at https://secure.lula.co.za; draw again from a Cash Flow Facility without a fresh document pack when affordability checks remain clear.
Support if the file stalls
Call 087 250 0014, WhatsApp +27 60 019 7401, or email support@lula.co.za if uploads fail or a quote does not appear within one business day. Keep your company registration number and director IDs handy when contacting support.
Choosing the right product path
The Cash Flow Facility suits recurring working-capital needs because you draw only when required and pay cost charges on amounts in use. Fixed-Term Funding disburses a single lump sum with a fixed debit order over three to twelve months — useful for a defined purchase or project. Request an amount aligned with monthly revenue; oversizing relative to turnover is a common decline driver even when bureau files look clean.
