[Article] Financing business

[QUINN]

I came across this interesting info on business finance and thought of sharing:

The major challenge facing would-be entrepreneurs is finding capital. In this, the first of a two-part series, we look at the financial and other support that banks offer to foster the growth of small business.

Over a million Gautengers, or one in six adults in the province, run small businesses. About 180 000 of these businesses are "engines of economic growth", employing an average of five people each.

This is according to research released in November 2006 commissioned by Gauteng Enterprise Propeller (GEP), a provincial government agency that supports small, medium and micro enterprises (SMMEs), and FinMark Trust, an independent trust whose objective is to make financial products more accessible.

Gauteng was chosen for the study because of its significance ........
for more see http://www.persfin.co.za/index.php?f...710&fSetId=300

[Dave A]

A really fine read. Thanks Quinn

It covers traditional bank financing well, but doesn't get into the more adventurous financing options at all. But that generally isn't an option for very small and micro anyway, so maybe that's why.

[QUINN]

Yes the article was written by a fin. journalist aimed at businesses that normally do not have a propblem accessing finance.
By the way the National Empowerment Fund has just made 1 billion rand available for development finance. (R250 000 to R50 MILLION)