For many IT businesses, tech-forward SME funding processes are a top priority. However, anyone who approaches most traditional institutions for business funding will find that their byte is worse than their bark — meaning that their complex, paper-based application processes are behind the times, leading to costly delays in accessing business finance at critical moments. 

For any growing South African business, time is a precious commodity that is rapidly depleted by inefficient and overly complicated paper-based applications. But in the IT industry, which revolves around digitising various processes to make them increasingly efficient and user-friendly, having access to fully digital business finance solutions is possibly even more important. 

Fortunately, Bridgement was founded by professionals with expertise in coding, engineering, finance, and IT-related puns. Our range of fast, flexible online SME funding solutions is tailor-made for tech-savvy business professionals. 

Tech-savvy SME funding for IT businesses 

One of the ways the burgeoning alternative finance sector in South Africa is revolutionising the speed and simplicity with which local SMEs can access funding is by digitising business finance. By leveraging the power of FinTech, Bridgement can deliver a superior funding turnaround time of 24 hours or less. How is that possible? 

First of all, we don’t believe in making people wait. Instead of asking applicants to fill out a lengthy application form that takes hours to complete and supplement with the correct supporting documents, Bridgement’s paperless online application process is designed to be ticked off your to-do list in just two minutes. 

Unlike traditional funding institutions, which typically require the in-person submission of a seemingly endless list of documents ranging from bank statements, tax returns, legal documents, business licenses, and more, alternative financiers typically only require an online submission of key information to make an efficient funding decision. Bridgement can offer fibre-optic-fast funding because, with your informed consent, our secure platform can plug directly into your business’s cloud-based accounting data or receive bank statements directly from your bank through the Document Exchange Association to make rapid funding assessments in a matter of hours. 

Successful applicants could withdraw up to R5 million in business funding within 24 hours or less. Once the facility has been approved, Bridgement clients can conveniently manage their funding from a digital dashboard for peak transparency. 

Because Bridgement’s funding processes are 100% online from application to fund management, on-the-go business leaders can manage their facility simply from their nearest mobile device. While we’re big fans of digital efficiency, we’re also available to chat if you need assistance. 

What IT businesses use their SME funding for

Bridgement’s offerings are designed to afford fast and flexible cash flow relief to South African SMEs so that they can meet business needs and prioritise growth without waiting for weeks or months to hear back from a funding application. 

Like with any other business, IT businesses may choose to use their Bridgement facilities to boost working capital, expand their teams, or invest in new marketing strategies. More specifically, IT businesses may leverage their SME funding to achieve the following: 

  • Purchasing essential IT equipment such as top-of-the-range computers, monitors, and more 
  • Covering various software subscriptions, even when cash flow is limited by payment terms and other factors  
  • Investing in high-quality backup and cybersecurity systems that allow you to offer your customers superior service 
  • Buying ergonomic office furniture to eliminate text-neck in your hardworking employees 
  • Comprehensive power backup solutions — it’s been a while since we’ve experienced load shedding, but rolling blackouts can cause major delays for IT businesses; installing an inverter, generator, or solar power supply can protect tech-centric businesses from suffering productivity losses during unscheduled grid failures 

How to apply for funding from Bridgement 

No matter what your business needs funding for, Bridgement ensures that it is available within 24 hours of application. Super speed isn’t just for WiFi any more — with the power of FinTech, Bridgement is connecting SMEs with up to R5 million in business funding in 24 hours or less. 

This is how it works: 

  1. Get approved online 

Apply for a Bridgement facility in two minutes and get approval within 24 hours. Once you’ve been approved, you can manage your business funding from a digital dashboard — giving you transparent oversight and maximum control over how much you withdraw.

  1. Withdraw funds

Select an amount up to your predetermined credit limit, select your repayment terms, and accept the quoted cost of finance. The funds will be disbursed into your account instantly. 

All of our facilities are obligation-free, which means that you do not have to use your facility once it’s been approved; it also means that you’ll never pay for what you don’t use. 

  1. Repay over 1-12 months 

Repay according to the agreed terms, or settle early at any stage and be rewarded with a discount on your cost of finance. You’ll always know the precise cost of your facility upfront — we value transparency just as highly as we value speed and simplicity, which is why we offer a free pricing calculator on our site. 

If you’re looking for fast, flexible business finance solutions that can be managed from the superior comfort of your ergonomic office chair, then you’ve come to the right place. Apply today and access up to R5 million in SME funding for your IT business by tomorrow.