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 …

Staying Afloat when Cash is Tight in your Small Business

The bad news in the SME market in 2016 was that 67% of small businesses that closed in South Africa did so for financial reasons. This is a far more pressing problem for local entrepreneurs compared to their regional counterparts, with 50% more South African entrepreneurs discontinuing their businesses due to a lack of access to finance compared to the …

This site aims to help SA startups find the funding they need

We’ve heard it countless times from startups: securing funding for a new business is troublesome. The trouble being that many small business owners simply don’t know where to start looking. A website, finfindeasy.co.za, was launched last week and seeks to make it a bit easier to find funding for your small business. The site will connect entrepreneurs with financial services by creating an environment that …