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 …