"To apply for a GoTyme Business Advance, you’ll need your business registration details, your latest three months of bank statements and an ID or passport. A work permit may also be required where applicable."
- Have your business registration details ready.
- Provide your latest three months of bank statements.
- Submit your ID or passport for identity checks.
- A work permit may be needed where applicable.
- Complete and accurate information can help prevent delays.
Applying for business funding is easier when you know what information to prepare. For a GoTyme Business Advance, you’ll need a few key documents and details that help us understand who you are and how your business is performing. Before starting your application, have the following ready:
- Your business registration details
- Your latest three months of business bank statements
- Your latest ID or passport (If you have a Smart ID & green book please update your Smart ID)
- A valid work permit, where applicable
These are the main items on your application checklist.
Your recent bank statements help us understand your business turnover and banking activity. We use this information as part of our assessment and to determine a funding amount that suits how your business is trading. You can securely link your bank account through TruID or upload your latest statements during the application process.
Documents are only one part of the application. We also consider your credit profile, business banking activity, trading history, monthly turnover and whether your income is too dependent on one customer or source. To apply, your business should have a monthly turnover of at least R50,000, three to six months of continuous turnover and at least six months of active ownership. Final approval remains subject to our assessment and credit checks.
How can you avoid application delays?
Check that your information is current, complete and easy to read before submitting it. Make sure the name and details on your documents match the information in your application. Having everything ready does not guarantee approval, but it can help us assess your application without unnecessary delays. You can apply online in a few minutes or speak to one of our funding specialists for help. If approved, you’ll receive a personalised offer showing the amount available, the one fixed fee agreed upfront and your payment options.