Relief For SMMEs Amid COVID-19

Johannesburg, 23 March 2020: The COVID-19 pandemic, which has been declared a National Disaster and has prompted a 21-day national shut down, is having catastrophic effects on businesses throughout South Africa and around the globe. Micro, small and medium enterprises are among the hardest hit by the crisis. Government departments have been inundated with enquiries from SMMEs, requesting help to …

Understanding Contract Finance

Money to complete contract work Contract finance is the name given to a loan that is provided against a signed contract that your business has won, and the money must be used to complete the contract work. Lenders are pretty fussy about which contracts they are prepared to finance since they need to be certain that the organisation that provided the …

Getting To Grips With Small Business Financing Advice From Darlene Menzies

28 February 2020 – Publication: Trade & Entrepreneur Magazine Whether you need money to buy stock or equipment, require working capital to employ more staff or to fund a contract, or are simply looking for assistance to bridge your cash flow gaps while you are building your business, if you can’t secure the finance you need, it will have a …

Do You Need Finance For a Business Emergency?

You need cash in a hurry Things aren’t going very well – you need finance, and fast, because your business is under threat from a cash-flow perspective. In many ways this is similar to the module Do you need finance for working capital? but with one huge difference: the finance is needed immediately. This was not something that you had anticipated and …

Do You Need Finance To Buy Out a Partner?

South Africa has legislation to actively promote small businesses, as well as promote the transformation of business to ensure fairer and more equitable participation in our economy. As a result, if you are a previously disadvantaged person looking to buy out a white partner’s share, then government agencies might be a good starting place to raise finance, in particular, the National …

Do you need finance to buy a building for your business?

Buying office premises for your company can make a lot of sense once the company has a sustainable income. Rather than paying rent to a landlord, the company would be paying off a loan and gaining a valuable asset that increases in value as time goes on.  Deposits and collateral If you’re looking to raise finance for commercial property for …