Start by finding out what your options are. Yes, there is more than one financing instrument.
The right one for your business will depend on the size of your business, your industry, how much revenue you are generating and what the loan will be used for.
We have put together a comprehensive list of all the different types of financing available, as well as the requirements for each one. We hope it's helpful and gets rid of some of the confusion around securing financing for your business.
SBI (Small Business Institute) calls on Cyril Ramaphosa to champion SMME-led growth. We are all for this initiative and the reason why we at FundingHub (www.fundinghub.co.za) exist - to assist SA SMEs. For further details read full article published by SBI earlier today.
Tender finance also known as purchase order funding “PO funding” is a form of funding used to enable small businesses to fulfil an order(s) that has been successfully awarded to them by government or large corporates. The process of tendering gives opportunities to businesses to bid for projects or services to supply certain goods and services at a quoted price
For one reason or the other loans are sometimes needed by business owners for financing their business operations or expansions. However, there are so many things to consider before deciding which loan is right for you.
It doesn't take an MBA in Finance to know that loans are sometimes needed by businesses to maintain their business operations. An efficient loan from a credible funding agent can stimulate immediate growth in a business, as long as it's used wisely.
Businesses require various forms of funding pending requirement and / or stage of its business life-cycle. What you need and how you go about it differs significantly in process and available lenders – as funding in Seed or Startup stage is certainly not equal to a mature business seeking to expand…
Simply put, a Property Secured Loan is a loan that uses your Property as collateral against the funds that have been borrowed. But you knew that... right? The upside of going the “Secured Loan” route, is that you don't require an exceptional Credit Record.
It’s Tender Season and, as you certainly know already, with great opportunity comes great risk – especially in the form of Fake Tenderpreneurs or con artists looking to relieve you of your hard-earned money.
South African Business Owners… Are you part of the Problem, or the Solution? With “Tender Season” well and truly upon us and, building on our previous article about Enterprise Supplier Development, the time is certainly right to remind citizens that our actions today impact on the quality of tomorrow.
Choosing the right Business Finance can be a lot like sitting down to a buffet and trying to decide between all that is on offer. There are more and more options out there, between the banks or other traditional lenders, and nowadays with more alternative lenders..
SMEs employ around 60% of the employed population in South Africa and contribute roughly 34% to our GDP. How do we as SME owners increase employment and growth? This very insightful article from GIBS address some key challenges which SMEs face.
Job creation in our country is reliant on the success of innovation, entrepreneurs and small business development. The survey finds that access to funding and new markets are the 2 major challenges which prevent females from pursuing their dreams to run their own business.
As a business owner you are always thinking and scheming about your “baby” and how to make it a success. So what are other business owners, like yourself, thinking about at night? Here is an article from FNB which will no doubt resonate with you.
At the latest IAAE (I Am An Entrepreneur) event hosted in Johannesburg, successful South African entrepreneurs shared their lessons and advice with aspiring business owners. The hottest topic was access to funding and how best to go about it.