business loans

funding agencies south africa

Funding Agencies for Businesses in South Africa

Funding agencies in South Africa play an important role by helping to make previously disadvantaged South Africans business owners. Indeed, South Africa is a country where the official unemployment rate was around 30% in the second quarter of 2019 (Trading Economies). Even more, Business Tech recently  reported that the unemployment rate for young South Africans […]

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How easy is it for SMEs to get Business Loans from Commercial Banks?

Commercial banks hate giving business loans to small businesses. Indeed, it’s almost impossible for a start-ups and micro businesses to get funded by commercial banks. That’s because banks avoid giving money to what they perceive as ‘risky’ business… How so? Dr. Paul Smith, Lead Researcher of the “Inaugural South African SMME Access to Finance Report

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Start your Business: Borrow Money from Friends and Relatives

[simple-author-box] If you don’t have enough funds for your start-up business, you may borrow money from friends and relatives. Interesting, however, although the majority of informal investors, family and friends, is often willing to supply funds at negative returns, most prospective business owners will only as a last resort consider borrowing money from them 1.

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