Funding for Startups

Accessing funding to start a business is everyone’s aspiration. Unfortunately the hard reality is that whilst there are some funds that provide finance for new businesses, they tend to be very particular about the type of business they are prepared to fund. Most lenders that are prepared to fund startups look for businesses with high growth potential or highly innovative …

Government Funding for SMMEs

The South African Government recognises that a healthy and growing SMME sector is critical to boost economic growth and job creation. As a result, the Government has developed a variety of funding products that SMMEs can apply for: these include full grants, cost-sharing grants, tax incentives, growth incentives, loans and equity finance options. Since these funds need to align to …

Finfind CEO Darlene Menzies on the Panel of a FREE Webinar for Business Advisers

On 24 January, Finfind CEO Darlene Menzies will join two other SME experts. The panel will discuss and highlight  “Key questions to ask your small business clients when they are looking for funding”. The Webinar is convened by  the Institute of Business Advisors of Southern Africa (IBASA) and the Entrepreneurial Planning Institute (EPI). It will start at 11.am CAT. IBASA …

How to Prepare your Business for an Investor

Funding is one of the challenges faced by many entrepreneurs in South Africa. In the Real State of Entrepreneurship in South Africa 2017 survey, many entrepreneurs indicated that they required education specific to the practicalities of running a business such as marketing support and business planning. According to the Seed Academy, which conducted the survey, there were more than 1,200 …

Venture Capital as a Means of Funding Your Medium to Long Term Working Capital Needs

Venture Capital can serve as medium to long term working capital financing option for start-ups and early-stage small businesses. However it is not necessarily a solution for well established businesses and listed entities. The finance option you choose for your medium to long term Working Capital funding will depend on the type of business you have and its current stage of …

There are a number of different short term funding options available to businesses to fund working capital.

Short Term Working Capital Solutions

Working capital is the life blood of any business, especially a small business. Working capital is the amount of money available to the business to ensure that it can cover its day-to-day operational costs and meet its short-term expense obligations. Without sufficient working capital the business will not be able to continue to trade and will liquidate. What is Working …

The Top Eight Reasons for Raising Capital

  Article by Darlene Menzies, CEO of Finfind There are a number of reasons why growing businesses may need to raise finance, from bridging a temporary cash flow situation to a more long-term need like funding a major expansion. Research from over 5000 businesses applying for finance reveals that the top eight reasons for raising capital are: Purchasing equipment and …

Access to Finance – One of the Primary Causes of Small Business Failure

JOHANNESBURG – The backbone of the South African economy is supported by small businesses, but businesses without a funding source are prone to failing or struggling to grow. The reality is that many small business owners are at a loss when it comes to where to look for funding and how to access it. With this in mind, Darlene Menzies, …