Capitec Business
SA's mass-market digital SME challenger. Single account structure for R100k-R100m+ turnover, scored lending that approves overdrafts, asset and property finance within days.
Capitec is rapidly becoming the default SME bank for digital-first founders and informal traders. The 70% LTV on commercial property and 100% LTV on residential investment property is unmatched by the big four. Pay As You Trade Loan is an underrated MCA — if you already have a Capitec POS, the friction is close to zero.
About Capitec Business
Capitec Business (which absorbed Mercantile) now serves 456,000 business / entrepreneur clients with a R23.3bn loan book (FY2026). Unlike the big four, it operates a single account structure regardless of turnover, with scored lending that approves overdrafts, asset and property finance within days using transactional data. Products: Business Overdraft (Scored — pre-qualified conditional offers in online banking), Business Term Loan (up to 60 months), Vehicle & Asset Finance (Scored pre-approvals, imported capital equipment supported, Simply Sell mechanism to sell financed vehicle and settle), Property Finance (ex-Mercantile — up to 70% LTV commercial, up to 100% LTV residential investment, construction drawdowns, longer tenors than most), Pay As You Trade Loan (MCA — up to R1m, repay via fixed % of daily card + QR turnover through Capitec POS, 12 or 36-month term, re-advance at 50% repaid, no security), Business Credit Card (revolving, prime-linked), Merchant Services (Capitec Pro R699 once-off, Capitec Print R1,399, no monthly fees, 0.6-0.85% debit / 1.6-1.85% credit commissions, next-day settlement incl. weekends), Forex & Trade Finance (ex-Mercantile), Entrepreneur Account (sole props / informal traders, no CIPC required, 74,000+ accounts since 2025). Announced (not yet launched): unsecured SMME cash-flow loans (R100k-R100m turnover, 12-36 months), repay-as-you-earn loans, R600 accessible credit card.
Is Capitec Business a fit?
Typically fits
SA's broadest SME base — informal traders through to R100m-turnover businesses wanting simple, digital, low-fee banking with fast scored credit decisions. Merchants using Capitec POS devices; businesses needing commercial property finance at better LTVs than most peers.
Probably not a fit if
SMEs wanting a traditional relationship banker with industry-specialist desks — Capitec's model is scoring-led, not advice-led.
Products
Pay As You Trade Loan
Revenue-basedUp to R1m. Repay via a fixed % of daily card + QR turnover through Capitec POS. 12 or 36-month term. Re-advance at 50% repaid. No security required.
- Rate
- Fixed fee (no APR shown)
- Speed
- 24-48 hours
- Amount
- R20k – R1m
- Term
- 12-36 mo
Best for: Capitec Business merchants with steady daily card + QR turnover wanting digital, low-friction working capital.
Apply directly with Capitec BusinessFunding types Capitec Business covers
FAQ
Is Capitec Business a registered credit provider in South Africa?+
Capitec Business operates in the South African SME lending market. For specific regulatory status (NCR registration, FSP licence), check their website or the regulator's public register.
How fast can Capitec Business fund a business?+
Decision times depend on the specific product and your documentation. Frank shows typical speed per product, your specific application can go faster or slower based on the docs you have in hand.
What documents does Capitec Business need?+
Standard SA lender paperwork: last 3-6 months of bank statements, CIPC company documents, director IDs, and, depending on size, latest financials or management accounts. Frank surfaces the exact requirements per product before you apply.
Why apply via Funded by Frank rather than directly?+
Same rates, same application, but Frank walks you through it and compares Capitec Business to alternatives before you commit. If Capitec Business isn't the right fit, Frank points you at the better option.
Does Funded by Frank charge me to apply?+
No. Frank is free for businesses. We earn a referral fee from Capitec Business only if your application lands, that doesn't change the rate or terms you get from them.
Not sure if Capitec Business is the right fit? Let Frank walk you through the options.
Answer a few quick questions about your business and Frank will show the funding shapes that typically fit, with the lenders who offer them.
See your funding options