False Advertising!!!
Don't bother to approach Lulalend as an SMME. They are a traditional bank acting like a special lender to SMMEs. Their adverts are false adverts. We have tried twice to apply and the latest attempt has still come back negative after giving us false hope that this time around we will get the loan. The business has been in existence for over 7years and now it's time to scale up to the next level but we need funding to move forward. We approached them, they again did a credit check, 1 of the directors has a personal account which is in arrears. He informed them of such and they said if he sorted out the debt or made an arrangement with the lender, send them proof of the arrangement, they will process the application. Once again they declined the application, so why lie and give SMMEs false hope that they are there to help us? We were hopeful this time around. DON'T BOTHER TO APPROACH LULALEND as an SMME. DON't!!!
