Written by Barry Leonard – Funding Hub. MMS Group was granted permission to use this article by the author.
Choosing the right business finance can be a lot like sitting down to a buffet and trying to decide between all that is on offer. There are more and more options out there, between the banks or other traditional lenders, and nowadays with more alternative lenders, it is difficult to know who to go to for the best business finance.
SME business finance in South Africa has evolved over the years. Not only has there been substantial growth in the number of B2B alternative lenders in the South African marketplace, but there has also been growth in the type, and diversity, of products offered. Many business owners are not aware of alternative business finance lenders, which range between 40 to 50 in South Africa. Gone are the days where the only options are an overdraft facility or credit card from your bank.
Read more on How to ‘Shop’ for the right business finance.
This article is a general information sheet and should not be used or relied upon as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. Errors and omissions excepted (E&OE)