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 …

How to prepare yourself for an investor: a guide

A recent survey found that many South African entrepreneurs needed help with things such as Real State of Entrepreneurship Find out more about how to prepare yourself for an investor, here. Brand South Africa reporter 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 …

Financial Readiness is Key to Success

Staying organised and on top of paperwork can be tricky for entrepreneurs who already have dozens of other balls in the air. Keeping track of financial documents and then needing to have up to date copies on hand when requested by lenders is a business owner’s worst nightmare. While securing finance may be critical to your business’s survival and growth, …

What Type Of Growth Funding Do You Really Need?

By Darlene Menzies Jul 5, 2017 Checklist Find the right finance for your needs What do you need funding for? Have you critically evaluated all your options? Can you unlock this capital in your business? Have you approached or recognised lenders who fund this particular need? Do you know what surety they will need for the finance? Hundreds of entrepreneurs …

Securing Funding: Financial Readiness is Key to Success

Staying organised and on top of paperwork can be tricky for entrepreneurs who already have dozens of other balls in the air. Here is a simple tip to put you at the front of the queue to secure finance. Keeping track of financial documents and then needing to have up to date copies on hand when requested by lenders is …

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 …