1. Bright On
  2. How it works

How It Works

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Invoice Finance

Bright On provides fast, simple, flexible and transparent access to cash-flow financing.
Our application process is simple; apply for a facility, submit the required financial information and await for your facility to be pre-approved within 48 hours.

Once the facility has been initiated, you can access funds online within 4 hours on a recurring basis from your pre-approved loan (credit) facility.

How To Apply

  • Bright On looks to understands you funding needs
  • You will need to provide us with easily accessible financial information
  • We will assess your business’ financial position and operations
  • Within 48 hours we will pre-approve your funding facility
  • Our credit committee may request additional information before issuing a final approval
  • We will request your FICA documentation
  • We work with you to on-board your selected debtors
  • We establish a clearing account in your business’ name to ensure transparency of loan repayments
  • This process is only completed once, you will not need to register again when accessing your loan (credit) facility
Apply Now

Required Documents

Bright On Capital only requires simple and easily accessible information upon application.

  • 16-month bank statements for all business bank accounts (12-months if not VAT registered)
  • 2Debtors age analysis: latest invoice(s) payable by your key customers (if no debtors age analyses available)
  • 3 Any contract(s) issued by key customers (if available)
  • 4 Latest 12-months VAT returns (only if VAT registered)
  • 5SARS tax compliance document: Reflecting a valid (issued) pin

Download

How to access your facility

  • 1Submit a 5 minute online loan request.
  • 2You will need to digitally sign our loan agreement
  • 3We will validate your invoice(s) with your debtor.
  • 4Loan funds will reflect in your transactional account within 4 hours of our validation of your invoices.
Access your Loan Facility now

How your clearing account works

To ensure repayment of our loans, Bright On Capital requires our SME clients to establish a Nedbank Debtor Clearing Account in the business’ name, and cede the administration of the account to Bright On Capital at no additional cost.

  • 1Our clients will be required to provide the Clearing Account details to their relevant key customers, into which all subsequent invoices shall be paid
  • 2Invoice loans will be disbursed into the business’s existing transactional account.
  • 3PO loans shall be disbursed into the Clearing Account from which Bright On Capital shall administer the release of the relevant supplier payments upon the SME’s instruction.
  • 4Nedbank will prepare monthly bank statements for your business providing you with complete transparency on the activity in your account.

Purchase Order Finance (Supply and Deliver)

Bright On provides fast, simple, flexible and transparent access to cash-flow financing.
Our application process is simple; apply for a facility, submit the required financial information and await for your facility to be pre-approved within 48 hours.

Once the facility has been initiated, you can access funds online within 4 hours on a recurring basis from your pre-approved loan (credit) facility.

How To Apply

  • Bright On looks to understands you funding needs
  • You will need to provide us with easily accessible financial information
  • We will assess your business’ financial position and operations
  • Within 48 hours we will pre-approve your funding facility
  • Our credit committee may request additional information before issuing a final approval
  • We will request your FICA documentation
  • We work with you to on-board your selected debtors
  • We establish a clearing account in your business’ name to ensure transparency of loan repayments
  • This process is only completed once, you will not need to register again when accessing your loan (credit) facility
Apply Now

Required Documents

Bright On Capital only requires simple and easily accessible information upon application.

  • 16-month bank statements for all business bank accounts (12-months if not VAT registered)
  • 2Latest debtors age analysis: latest invoice(s) payable by your key customers (if no debtors age analyses available)
  • 3Latest creditors age analysis: Latest invoice(s) payable to key your suppliers (if no creditors age analysis available)
  • 4Any contract(s) issued by key customers (if available)
  • 5Latest 12-months VAT returns (only if VAT registered)
  • 6SARS tax compliance document: Reflecting a valid (issued) pin

Download

How to access your facility

  • 1Submit your quote, purchase order, and Pro-forma invoice and supplier quotes
  • 2You will review and accept our loan offer
  • 3 We will validate your purchase order(s), and supplier quotes
  • 4You will need to digitally sign our loan agreement
  • 5 Within 24 hours, we will disburse your loan into your clearing account from which we will administer the release of your relevant supplier payments upon your instruction
Access your Loan Facility now

How your clearing account works

To ensure repayment of our loans, Bright On Capital requires our SME clients to establish a Nedbank Debtor Clearing Account in the business’ name, and cede the administration of the account to Bright On Capital at no additional cost.

  • 1 Our clients will be required to provide the Clearing Account details to their relevant key customers, into which all subsequent invoices shall be paid
  • 2 Invoice loans will be disbursed into the business’s existing transactional account.
  • 3PO loans shall be disbursed into the Clearing Account from which Bright On Capital shall administer the release of the relevant supplier payments upon the SME’s instruction.
  • 4Nedbank will prepare monthly bank statements for your business providing you with complete transparency on the activity in your account.

Purchase Order Finance (Manufacture and Assembly)

Bright On provides fast, simple, flexible and transparent access to cash-flow financing.
Our application process is simple; apply for a facility, submit the required financial information and await for your facility to be pre-approved within 48 hours.

Once the facility has been initiated, you can access funds online within 4 hours on a recurring basis from your pre-approved loan (credit) facility.

How To Apply

  • Bright On looks to understands you funding needs
  • You will need to provide us with easily accessible financial information
  • We will assess your business’ financial position and operations
  • Within 48 hours we will pre-approve your funding facility
  • Our credit committee may request additional information before issuing a final approval
  • We will request your FICA documentation
  • We work with you to on-board your selected debtors
  • We establish a clearing account in your business’ name to ensure transparency of loan repayments
  • This process is only completed once, you will not need to register again when accessing your loan (credit) facility
Apply Now

Required Documents

Bright On Capital only requires simple and easily accessible information upon application.

  • 1 6-month bank statements for all business bank accounts (12-months if not VAT registered
  • 2 Latest debtors age analysis: Latest invoice(s) payable by your key customers (if no debtors age analyses available)
  • 3 Latest creditors age analysis: Latest invoice(s) payable to key your suppliers (if no creditors age analysis available)
  • 4Any contract(s) issued by key customers (if available)
  • 5 Latest 12-months VAT returns (only if VAT registered)
  • 6 SARS tax compliance document: Reflecting a valid (issued) pin
  • 7 Latest audited (or reviewed) Annual Financial Statements
  • 8 Most recent management accounts
  • 9 Lease agreement for the premises being leased by the business (if available)

Download

How to access your facility

  • 1Submit your quote, purchase order, and Pro-forma invoice and supplier quotes
  • 2You will review and accept our loan offer
  • 3 We will validate your purchase order(s), and supplier quotes
  • 4You will need to digitally sign our loan agreement
  • 5Within 24 hours, we will disburse your loan into your clearing account from which we will administer the release of your relevant supplier payments upon your instruction
Access your Loan Facility now

How your clearing account works

To ensure repayment of our loans, Bright On Capital requires our SME clients to establish a Nedbank Debtor Clearing Account in the business’ name, and cede the administration of the account to Bright On Capital at no additional cost.

  • 1Our clients will be required to provide the Clearing Account details to their relevant key customers, into which all subsequent invoices shall be paid
  • 2Invoice loans will be disbursed into the business’s existing transactional account.
  • 3 PO loans shall be disbursed into the Clearing Account from which Bright On Capital shall administer the release of the relevant supplier payments upon the SME’s instruction.
  • 4Nedbank will prepare monthly bank statements for your business providing you with complete transparency on the activity in your account.

Contract Finance

Bright On provides fast, simple, flexible and transparent access to cash-flow financing.
Our application process is simple; apply for a facility, submit the required financial information and await for your facility to be pre-approved within 48 hours.

Once the facility has been initiated, you can access funds online within 4 hours on a recurring basis from your pre-approved loan (credit) facility.

How To Apply

  • Bright On looks to understands you funding needs
  • You will need to provide us with easily accessible financial information
  • We will assess your business’ financial position and operations
  • Within 48 hours we will pre-approve your funding facility
  • Our credit committee may request additional information before issuing a final approval
  • We will request your FICA documentation
  • We work with you to on-board your selected debtors
  • We establish a clearing account in your business’ name to ensure transparency of loan repayments
  • This process is only completed once, you will not need to register again when accessing your loan (credit) facility
Apply Now

Required Documents

Bright On Capital only requires simple and easily accessible information upon application.

  • 1 6-month bank statements for all business bank accounts (12-months if not VAT registered
  • 2Latest debtors age analysis: Latest invoice(s) payable by your key customers (if no debtors age analyses available)
  • 3 Latest creditors age analysis: Latest invoice(s) payable to key your suppliers (if no creditors age analysis available)
  • 4 Any contract(s) issued by key customers (if available)
  • 5Latest 12-months VAT returns (only if VAT registered)
  • 6 SARS tax compliance document: Reflecting a valid (issued) pin
  • 7Latest audited (or reviewed) Annual Financial Statements
  • 8Most recent management accounts
  • 9 Lease agreement for the premises being leased by the business (if available)

Download

How to access your facility

Submit your contract, purchase-orders, project budget (forecast), bills of quantities, supplier quotes and pro-forma invoice(s)

  • 1You will review and accept our loan offer (term sheet)
  • 2 We will validate your contract, purchase-orders, and supplier quotes, and review your project forecast and bills of quantities
  • 3You will need to digitally sign our loan agreement.
  • 4 Within 5-days, we will disburse all or part of your loan into your clearing account from which we will, on a monthly basis, administer the release of your relevant supplier payments upon your instruction.
Access your Loan Facility now

How your clearing account works

To ensure repayment of our loans, Bright On Capital requires our SME clients to establish a Nedbank Debtor Clearing Account in the business’ name, and cede the administration of the account to Bright On Capital at no additional cost.

  • 1Our clients will be required to provide the Clearing Account details to their relevant key customers, into which all subsequent invoices shall be paid
  • 2Invoice loans will be disbursed into the business’s existing transactional account.
  • 3PO loans shall be disbursed into the Clearing Account from which Bright On Capital shall administer the release of the relevant supplier payments upon the SME’s instruction.
  • 4Nedbank will prepare monthly bank statements for your business providing you with complete transparency on the activity in your account.

Bright On Capital is an online lender that provides a range of affordable working capital funding solutions to small and emerging businesses with sustainable growth prospects.

Bright On Capital is an Authorised Financial Services Provider and a Registered Credit Provider (NCRP7586).

22 Sloane Street, Bryanston, Sandton, 2191 South Africa

+27 (11) 568 1811

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