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Application form

Please complete the application form in full. Annotate "not applicable" on all the parts of the form that are not applicable to you or your business.

Finance Application Form

Business Details

I am the duly authorised representative of the company and agree that the Zanoluntu Capital (“ZC”) may make inquiries to confirm any information provided by the company and that ZC may verify the information and obtain additional information from a registered credit bureau, when assessing the information provided herein. I authorise ZC to conduct a credit report on the company and to continuously access the company credit report for as long as the company is in partnership with ZC, and warrant that all the directors and shareholders have consented to the company instructing ZC to conduct the credit enquiry on the company and that the directors and shareholders acknowledge that the enquiry will include an inquiry into the directors and shareholders’ credit profiles for as long as the company is in partnership with ZC.

I further warrant that the directors and shareholders authorise ZC to obtain the credit information on the directors and shareholders and that the company has the necessary consent as stated herein, in writing.

I furthermore warrant that all information supplied to Zanoluntu Capital is to the best of my knowledge true and correct, that I am not aware of any other information that would affect the credit application of the company in any way and that I am authorised to sign this document.

Zanoluntu Capital will apply due care as we collect, store, and process your personal information. We assure you that we take the security of your personal information seriously and are committed to protect your personal information from any misuse, interference, loss, unauthorized access, modification and/or disclosure.

Document Requirements:

New Business

These are the document requirements for new businesses:

  • Application form (this is the electronic form that you complete above)
  • Resolution 
  • Five (5) years financial projections with first year prepared on monthly basis
  • Up-to-date management accounts
  • Networth statements of all company directors and shareholders
  • Bank statements if already trading
  • Proof of all banking details
  •  Certified identity document copies of all directors and shareholders
  • All registration documents of the company, i.e.: COR14.3, COR15.1A, COR14.1A, COR14.1, etc.
  • Broad-Based Black Economic Empowerment (B-BBEE) certificate
  • Company ownership organogram
  • Share certificates
  • SARS Tax Compliance Status for the company and the directors and shareholders of the company
  • Detailed business plan and profile
  • Marketing & advertising plan
  • Detailed CVs of all the directors and shareholders of the company and any other person who is important in the running of the company and you deem their information important to the outcome of this application
  • Reference letters, at least two (2). Must be contactable
  • Police clearance from all directors and shareholders
  • Any other information or documentation that you deem important to the outcome of the application

Existing Business

These are the document requirements for existing businesses:

  • Application form (this is the electronic form that you complete above)
  • Resolution 
  • Three (3) years audited financial statements
  • Five (5) years financial projections with first year prepared on monthly basis
  • Up-to-date management accounts
  • Networth statements of all company directors and shareholders
  • Bank statements for the previous twelve (12) months
  • Proof of all banking details
  •  Certified identity document copies of all directors and shareholders
  • All registration documents of the company, i.e.: COR14.3, COR15.1A, COR14.1A, COR14.1, etc.
  • Broad-Based Black Economic Empowerment (B-BBEE) certificate
  • Company ownership organogram
  • Share certificates
  • SARS Tax Compliance Status for the company and the directors and shareholders of the company
  • Detailed business plan and profile
  • Marketing & advertising plan
  • Detailed CVs of all the directors and shareholders of the company and any other person who is important in the running of the company and you deem their information important to the outcome of this application
  • Reference letters, at least two (2). Must be contactable
  • Police clearance from all directors and shareholders
  • Any other information or documentation that you deem important to the outcome of the application

Please note:

  • If you do not submit all of these documents together there will be a delay in processing your application.
  • Please note that we may request additional information or documents depending on the nature of your business. 
  • Your proposal/business plan needs to contain comprehensive information to support the commercial viability and the financial position of your business.
  • From receipt of the application to approval stage the process can take 4 to 12 weeks.
  • Should we discover that you have withheld information or have made a misrepresentation in your application, your application will be automatically declined.

  • Zanoluntu Capital will not consider applications that do not comply with all current RSA legislation pertaining to the operations of a business, including but not limited to, all tax and corporate governance laws/principles. Where appropriate we may report such cases to the relevant authorities.

Business plan guidelines to determine risk and commercial viability

1. Executive Summary

Provide a brief description of the business, the reason the funding is required, background on the promoters, and an overview of the socio-economic benefits.

2. Purpose of required funding

Motivate why capital is required and provide details of how these funds will be applied.

3. Valuation of Business

Share how much the business is worth and include how the amount was calculated. Don’t forget the number of shares and shareprice.

4. Products and Services

Describe the product and/or service offering by including the following:

  • Benefits to the user
  • Specifications of products/services
  • Unique selling proposition
  • Product mix
  • Source of revenue/contractual revenue
  • Product life cycle
  • Potential and proposed new product developments
  • Export potential

5. Industry analysis

Provide information on industry by including the following:

  • Summary of the industry
  • Value drivers and industry price structures
  • Historical growth rates
  • Trends and problems the industry is facing
  • Recent developments
  • How is the market segmented and why
  • Applicable industry ratios
  • Legal and regulatory environment
  • Economic outlook
  • Growth constraints
  • Growth opportunities
  • Cyclicality and seasonality
  • Industry specific risks

6. Target market analysis

Provide information on customers by including the following:

  • Market analysis (size and growth in terms of number of products, money value and number of customers)
  • Target Market and geographic coverage
  • List of existing and potential customers
  • Letters of intent, contracts, and orders on hand
  • Bargaining power of customers
  • Growth opportunities i.e. new products/new customers
  • Distribution channels

7. Competitor analysis

Provide information on competitors, by including the following:

  • Market share
  • Barriers to entry and new entrants
  • Substitute products
  • Details of marketing budget
  • Marketing strategy to realise objectives

8. Supplier analysis

Provide information on suppliers by including the following:

  • Number of suppliers
  • Bargaining power of suppliers
  • Availability of raw materials
  • Cost of imported vs local materials
  • Rand/Dollar exchange rate (where applicable)

9. Operational analysis

Provide information on operations by including the following:

  • Production processes
  • Equipment required
  • Plant capacity and utilisation
  • Production costs
  • Replacement requirements
  • New technology requirements
  • Quality control/reject rate
  • Raw materials required

10. Management and Human Resources

Provide information on management and HR by including the following:

  • Management experience and qualifications
  • Number of employees
  • % BEE
  • Skills required
  • Training programmes
  • Staff turnover

11. Summary of all internal and external risks

Provide a summary of information on the principal risks that the entity is subject to and how these risks will be addressed.

12. Socio-economic benefits

Provide information on socio-economic benefits by including the following:

  • Job creation
  • Poverty alleviation
  • Women participation
  • Skills transfer/training
  • Industrial growth and development
  • Number of households to benefit

13. Financial/cash flow analysis

See the following for financial analysis:

  • Please provide income statement, balance sheet and cash-flow statements and state assumptions used in projections
  • Financials should reflect: 3 years historic information for existing entities plus 5 year forecasts
  • Please provide the most recent management accounts if the business is already in existence
  • The first year of financial forecasts must be broken down month by month
  • Please include commentary on the financials to date and the forecasts, as well as:
  1. Break-even analysis
  2. Specify value drivers for base, best vs worst case scenario
  3. Cash flow cycle, seasonal, monthly, credit days, debtors’ days, stock days
  4. Profit margins
  5. Profitability
  6. Key assumptions used in compiling cash flow forecasts
  7. Cost drivers (What proportion is fixed)
  8. Debt structure
  9. Working capital review/analysis
  10. Fixed assets profile

For Start-ups please attach a five-year forecast, analysis as stated above but emphasis should be on motivating why forecasts on sales are achievable and costs are reasonable.