Do you need finance for equipment and machinery?

Asset finance is the financial product designed specifically for businesses that need to purchase equipment and machinery. However, certain limits do apply. Usually, there is a minimum spend required i.e. you would need to spend at least R50 000. Given these restrictions, we will also discuss alternative ways of raising finance in your personal capacity. The amount of finance required for …

Need Finance To Buy An Existing Business

Do You Need Finance To Buy An Existing Business?

Buying a business Finance for buying an existing business is treated differently from finance to start a business. Unlike a start-up, if the business already exists, it is easy to check its past financial trading history and the future orders it has already secured, and this makes lenders more comfortable.   If you are a previously disadvantaged South African citizen who …

Learn more about collateral

Learn More About Collateral

What does collateral mean? Collateral refers to assets that a borrower signs over to a lender to secure a loan.  If the borrower stops making the promised loan payments, the lender can sell the assets to recover the money loaned. This means that, if you have ceded an asset to a lender as collateral for a loan, you CANNOT sell that …