Electronic Funds Transfer (EFT) to Your Business Bank Account
This is the sole disbursement method Lula uses. Upon acceptance of your quote:
- Lula processes the transfer to your nominated South African business bank account.
- Funds typically arrive within 24 hours of acceptance.
- There are no transfer fees charged to the recipient.
- Funds can be received into any major South African bank (ABSA, FNB, Nedbank, Standard Bank, Capitec Business, Investec, etc.).
Cash Flow Facility — Draw-Down Process
For the Cash Flow Facility (revolving product), the draw-down process is even simpler after the initial approval:
- Log in to your Lula portal at https://secure.lula.co.za.
- Select the amount you wish to draw from your available facility limit.
- Confirm the draw-down — no new application or document submission required (subject to ongoing credit and affordability assessment).
- Funds transfer to your bank account, typically within 24 hours.
This makes the Cash Flow Facility particularly well-suited for businesses that have recurring or unpredictable capital needs, as it eliminates the friction of repeated full applications.
Disbursement Summary
| Method | Available? | Time to Receive | Fee |
|---|---|---|---|
| EFT to SA business bank account | Yes | Within 24 hours | None |
| Cash disbursement | No | N/A | N/A |
| Card-based transfer | No | N/A | N/A |
| International transfer | No | N/A | N/A |
Important Notes on Receiving Funds
- The bank account must be registered in the name of the business (not a personal account).
- Lula does not disburse funds to third-party accounts.
- If you have a Cash Flow Facility and your credit and affordability assessment changes, Lula may adjust your available draw-down limit.
- For Fixed-Term Funding, the full approved amount is disbursed as a single lump sum.