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 …

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 …

Can you get SME Finance if you have a Bad Credit Record?

Most traditional finance institutions are not prepared to consider funding a small business if the business or the business owner has a bad credit record.  Fortunately, there are still some options open to you and it may be possible to raise the financing you need. Why lenders use credit scores Lenders use credit scores (for both the business and the …

Finance Challenges Impacting Entrepreneurs

Darlene Menzies, CEO of Finfind, talks about challenges impacting entrepreneurs. In South Africa, more than 80% of start-ups fail in their first year and of those who survive only half are still in business by year three – for a country that is relying on the small business sector to grow the economy this high failure rate is concerning and …