Do you need Corporate Finance for your business?
The term “Corporate Finance” does not always mean that much to entrepreneurs until you actually need it. The good news is there are more options than the commercial banks to approach for financial assistance. There are a wide range of options that are available out there, and the key is just to prepare your paperwork correctly to access them. Some of the business development financing options from the State are more favourable than the funding offered by banks. Some of them offer payment holidays of up to five years and some of them are can be completely interest free under the right circumstances. During the outbreak of Covid-19, the government has announced a few funding options for SMMEs throughout the country. The major reason is to make sure that companies continue to operate during and after the lockdown period, people remain employed, families continue to be fed and the economy continues to function, even at its most minimal pace.
The Corporate Finance options that have been made available can be for any of B-BBEE transactions, capital expenditure, growth, financial relief, achieving your strategic goals, price order finance, and so much more. We believe that the financing of your business should be as easy as possible for you. We handle everything from concept to completion including handling the constant queries and requests for information, so that you can focus on your operations.
Some of the available financiers are:
Small Enterprise Finance Agency (SEFA)
This fund has access to R1.4 billion in funding given by IDC and the Government for South African small businesses over the next three years.
National Empowerment Fund (NEF)
The aim of this organisation is to support B-BBEE and previously disadvantaged individuals and communities. It offers finance for start-ups and expansion.
Land Bank (LB)
The LB offer loans for financial needs such as buying land, equipment and working capital for agricultural projects.
Department of Trade and Industry (DTI)
This financiers offers funding and business development to qualifying businesses from a range of sectors.
Industrial Development Corporation (IDC)
This financiers, falling under the DTI, offers financial support to all businesses needing capital for equipment, working capital and buildings. It also funds business expansion and assists with export markets.
We hope to hear from you soon. You are welcome to email me for queries at chelsea@novatelegal.co.za.