Article by Darlene Menzies, CEO of Finfind. Are you a start-up or small business with an idea, product or service that addresses a large market need? Do you believe your business has the potential to achieve high growth over the next 5 years? Is your business currently struggling to survive and grow due to lack of funding? If you …
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 …
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 …
Applying for funding takes time, and time is usually the very thing you don’t have when you’re needing finance. It makes sense then that you should do everything possible before engaging lenders to be finance ready Good preparation on the part of the finance seeker quickens the application process. Knowing what lenders need from you is vital to knowing what …
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 …
The Durban Entrepreneurs Club held their monthly event recently where they keynote speaker was Durban-born, award-winning entrepreneur Darlene Menzies. Darlene is the CEO of Finfind and a pioneer in the South-African tech space. Read more from Northglen News Read more from Berea Mail
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, …
Robynne Erwin is back for the next podcast in our series with Finfind. Today we focus on our discussion on Expansion capital and begin to narrow in on the concept of working capital as well as the other types of investors that entrepreneurs can use. Equity finance is a often overlooked means to expand ones business, it has its own …
By Robynne Erwin So far in our Podcast series with Finfind, we’ve spoken about the entrepreneur, from having a good idea, to types of investments to make, everything has been from the perspective of a budding business person. Today however we take a new look at the process of funding SME’s, this time from the perspective of the lender. Different …
Many lenders demand that small businesses provide security for the loan they require – this is called collateral. Collateral may be in the form of money, or a well-off family member who is prepared to guarantee the repayment, or a valuable asset (such as a house) that can be sold in the event that the business cannot repay the loan. …