Finding Financing

There are many ways to fund a small business. Consider your options for finding financing and decide which one is right for you.

10 reasons why your start-up should consider equipment financing

You’ve got the idea for your business. A small-medium size business that has a personal feel to it. Great. Most businesses need certain equipment to operate – from furniture to computers. Aside from internally generated cash flow or credit lines, when looking to acquire equipment for your startup, you should investigate other ways to finance these acquisitions. For a small business like yours, financing the acquisition of equipment rather than using the business’ cash offers significant benefits and mitigates risk. Here are 10 reasons why you should consider equipment finance.

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AngelHub Ventures

Starting out in 2011 as the first angel group in SA, AngelHub Ventures matured into an early stage Venture Capital firm in January 2014. They are passionate about early stage investments in (South) Africa. Depending on the stage of your business and the needs of your team, they provide support in a wide range of areas, varying from strategic advice to operational assistance, incl. legal, accounting and financial assistance from their trusted suppliers. They believe in building great businesses and they are in it for the long haul.

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Are you a new business looking for funding?

Funding your new business is no child’s play. There are a number of different options available to both brand new businesses as well as existing businesses that require additional funds to explore new markets, expand across borders or expand on their value proposition. But having so many different options and trying to understand all the terms and conditions attached to each option can be overwhelming. Here are three popular business finance options for you to consider.

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Bridgement

Bridgement is a FinTech company that offers simple finance to small businesses across South Africa, enabling them to expand their operations, take on bigger projects and bridge gaps in cash flow. Its first product to market has a record time of 2.5 hours from loan application to money landing in an SME’s account. The company is a part of the wave of tech solutions to age-old problems faced by small businesses, including the dreaded cash flow crisis.

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Business Partners Limited

Business Partners Limited (BUSINESS/PARTNERS) is the home of the entrepreneur. We’re a specialist risk finance company that provides customised financial solutions, sectoral knowledge, mentorship, business premises and other value added services for formal small and medium enterprises (SMEs) in South Africa and selected African countries, namely Kenya, Malawi, Namibia, Rwanda, Uganda and Zambia. We know that by investing in you, it will not only help with creating and building your own wealth, but also fuel the growth of the economy and the creation of jobs for many.

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Business valuation methods

There are a number of instances when you may need to determine the market value of a business. Certainly, buying and selling a business is the most common reason. Estate planning, reorganization, or verification of your worth for lenders or investors are other reasons. Valuing a company is hardly a precise science and can vary depending on the type of business and the reason for coming up with a valuation. This article looks at some of the common methods used to determine the value of a business.

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Eastern Cape Development Corporation (ECDC)

The vision of ECDC is to be an innovative leader in promoting sustainable economic growth and development of the Eastern Cape. Its mission is to promote sustainable socio-economic development in the Eastern Cape through focused provision of innovative enterprise development financial service, and leveraging of resources, strategic alliances, investment and partnerships.

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Equity vs. debt: How should entrepreneurs be funding their business ventures?

During the process of securing funding, entrepreneurs and business owners are not always aware of the pros and cons associated with asking for too much or too little finance for their business, or whether they should consider debt or equity to fund their business. This is according to Gerrie van Biljon, Executive Director at Business Partners Limited (BUSINESS/PARTNERS), who says that entrepreneurs should be cautious of the amount of finance they apply for, as the wrong amount could jeopardise their business’ success.

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Financing your commercial property purchase

If you've found a property you'd like buy to for your business, the next challenge is to apply for a bond. Here are some answers to frequently asked questions about finding finance for commercial property. These questions include: What is a commercial property? How can I prepare before I apply for a loan? Can I approach any bank for a loan? And more.

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Finding financing: terms and definitions

When you approach a potential financier to provide a loan for starting or expanding your business, it's best to be aware of some of the terminology that may be used and what they mean. This article provides you with a list of terms related to financing and finance that it would be helpful for you to know. While this list isn't the complete financing lexicon, it does point you in the right direction.

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finfind

Access to finance is one of the biggest obstacles to the survival and growth of startup, small and medium businesses. Finfind has been specifically developed to address this challenge for this vital sector. Finfind is an innovative, online platform that automatically matches the seekers of business finance with appropriate funders from a comprehensive, up-to-date database of more than 450 SMME finance offerings from the public and private sector funders in South Africa.

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Franchise Finance

Franchise Finance is a specialist franchisee loan origination agency set up to address the exact needs of the franchise industry. The proprietors of Franchise Finance have a strong record of accomplishment in franchising rather than in banking. In other words, we are not bankers but franchise experts focused on funding, with a bias towards the use of sophisticated computerised processes. We help franchisees obtain finance by acting as a loan origination agency.

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Gauteng Enterprise Propeller (GEP)

The Gauteng Enterprise Propeller (GEP) promotes, fosters, and develops small enterprises in Gauteng, thereby implementing the policy of the Gauteng Provincial Government for small enterprise development. The GEP provides a unique and tailored financial support services that propel SMME’s into the mainstream economy, revitalizes township economies and grows the key economic sectors. The GEP also provides business development support interventions that play a catalyst role in transforming small enterprises.

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Government incentives for small businesses

The South African government is well aware of the importance of developing the economy, creating employment and attracting foreign investment. To make these goals a reality, there are grants and assistance programmes available from the government and associated organisations that can get your business off the ground and expanding. Here is a list of these funding opportunities.

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GroFin

GroFin provides investment finance and business support to growing businesses in Africa and the Middle East. Entrepreneurs and business owners looking to start or grow their businesses face many challenges, including finding a committed partner who can provide finance structured according to the needs of their business as well as value-added business support services and networks that improve their chances of success.

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How good is your credit record?

No matter what kind of business you have, there will probably come a time when you have to apply for a loan or overdraft to expand your business, buy equipment, or finance some other aspect of your operations. This is when having a good credit record becomes very important. Establishing and maintaining a good credit record takes time and can be challenging when times get tough (financially). Here's how to build and maintain a good credit record to obtain business funding.

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How to finance your business

Money makes your business go. But don't try going to a bank to get it when you've just started in business. Banks normally make loans only to businesses with operating histories. This article will give you some alternatives, some strategies, and some things to think about as you go about finding the money to make your business work.

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How to get funding to upgrade your small business

Owning a successful business is difficult. A small business needs business loans to cover cash flow gaps, add to the working capital or to grow the business. There are many ways that you can finance an upgrade for your business by applying for a small business loan. Knowing how to get finance is important for small business owners. Here are a few helpful tips on how you can receive funding to upgrade your small business.

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How to go about applying for business finance

Due to the socio-economic landscape of South Africa, obtaining business finance is one of the biggest challenges that entrepreneurs and SMEs face and, therefore, one that many find daunting. This articles goes through the various stages of applying and obtaining business finance for your business, which will make the process easy, and help you to be approved with little to no hassles.

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How your business can finance your vehicle

Whether you are planning on buying a car for personal use or if you need a new company car, the process of finding finance can be a daunting task. However, having a business vehicle is important for most businesses, especially those that specialise in transportation, whether you’re transporting goods or people. Getting finance for your business vehicle doesn’t have to be difficult. Here are some tips on how your business can receive business vehicle finance.

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IDF Capital

IDF Capital was established on 01 March 2008, to exploit the opportunity of profitably investing in the entrepreneurial SME landscape by providing appropriate financial and non-financial products and support to unlock value of the SME sector. IDF Capital aspires to be more than just another African business. It is our goal to become catalysts of economic growth across Africa by supporting people on their entrepreneurial journey.

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Industrial Development Corporation (IDC)

The Industrial Development Corporation is a national development finance institution whose primary objectives are to contribute to the generation of balanced, sustainable economic growth in Africa, and to the economic empowerment of the South African population, thereby promoting the economic prosperity of all citizens. The IDC achieves this by promoting entrepreneurship through the building of competitive industries and enterprises based on sound business principles.

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Invenfin

Invenfin is a strategic venture partner with a proven track record, owned and backed by the Remgro Group. We invest off our own balance sheet and do not manage third party funds. We are therefore not constrained by a limited time horizon and stringent exit objectives. We are long-term investors. We invest off our own balance sheet and are therefore not constrained by a limited time horizon and stringent exit objectives.

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Investors Network

InvestorsNetwork.co.za is platform and meeting place for South African Entrepreneurs and Investors. The business provides both face-to-face networking meetings in Johannesburg, Cape Town, Durban, Bloemfontein and Port Elizabeth as well as on-line networking facilities. Founded by a group of South African Entrepreneurs frustrated with the lack of availability of such services in the country, the network has gone from strength to strength.

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Is debtor finance for me?

You may have heard of this form of financing, but aren’t sure what it is and if it’s an option for your business. The basis of debtor financing is that you use the debtor (normally an invoice) to raise capital against it. The major advantage is that you do not have to wait for your debtor to pay you. You raise funds against the invoice, so you have working capital to be used in the business.

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Loan payment calculator

This loan payment calculator allows you to calculate the figure of your loan repayments. The calculator is split into two sections. the first section looks at how to calculate your monthly repayments for your mortgage, home equity, or car loans. The second section looks at how to calculate the impact of extra payments in addition to your existing monthly payments.

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Msanzi Golden Economy

Mzansi Golden Economy (MGE) is a strategy to reposition the cultural industries in South Africa. The MGE strategy opens up the arts, culture and heritage sector to effectively and comprehensively contribute to economic growth and job creation. The Minister of Arts and Culture has declared 2013 as the year of MGE. Some of the projects that DAC has initiated and is implementing are; Cultural Events, Sourcing Enterprise, Public Art, Touring Ventures, Art Bank, NACISA, Cultural Observatory, and Arts in Schools.

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National Development Agency (NDA)

The National Development Agency (NDA) is an agency of government that reports to the National Assembly of the Republic of South Africa. The NDA is a public entity that was formed in 1999 as government’s response to the challenge of poverty and its causes in South Africa. The NDA, in discharging its mandate, has to empower and enhance the capacity of the civil society sector. This will ensure that the NDA helps to build more cohesive communities that are able to tackle poverty, unemployment, and inequality.

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National Empowerment Fund (NEF)

Established by the National Empowerment Fund Act No 105 of 1998 (NEF Act), the National Empowerment Fund (the NEF) is a driver and thought-leader in promoting and facilitating black economic participation by providing financial and non-financial support to black empowered businesses, and by promoting a culture of savings and investment among black people. The operations of the NEF are governed by the Public Finance Management Act No 1 of 1991 (PFMA).

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Small business financiers and investors

When asked, the majority of entrepreneurs will tell you that access to finance is their greatest challenge. Funders may target certain industries, types of business or even geographical areas. By knowing who and where these financiers are, you can approach the most appropriate organisation that meets your business's specific needs and goals. This document provides an overview of organisations that provide funding to the smallest micro businesses all the way through to medium-sized enterprises in South Africa.

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Small Enterprise Finance Agency (sefa)

The Small Enterprise Finance Agency (SOC) Ltd (sefa) is a merger of the South African Micro-Finance Apex Fund (samaf), Khula Enterprise Finance, and the Industrial Development Corporation’s (IDC) small business activities. sefa was launched in April 2012 as a fully-owned subsidiary of the Industrial Development Corporation (IDC). Its vision is to be the leading catalyst for the development of sustainable Survivalist, Micro, Small and Medium enterprises through the provision of finance.

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Starting costs calculator

Starting costs, or business start-up costs, refer to the expenses entrepreneurs acquire when first starting up their businesses. What is included in your start-up costs as well as how much the costs actually are will depend on the type of business you would like to set up and the industry you want to enter. This start-up costs calculator will help you determine and outline the costs you will need to start your business.

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Types of finance available for SMEs

With employment levels falling, now is as good a time as any to consider the option of starting a business, developing an existing one, taking on a government or private sector contract or embarking on a management buy-out or buy-in. But how does one go about finding finance? Essentially, there are four principal types of financing available to entrepreneurs when they're thinking of starting or expanding a business.

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What is crowdfunding?

Crowdfunding is one way of generating funding to get your business off the ground.
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