What types of funding are available to SMEs in South Africa?

Finfind data shows that startup capital, buying equipment, expanding businesses and working capital are the largest funding requests in South Africa. Below is a list of the different types of alternative financing available to South African SMEs. Fincheck

Which banks offer small business loans in South Africa?

Most of the notable banks in South Africa, including the likes of Nedbank, Standard Bank, and FNB, offer loans to small businesses, if you have security to provide. Banks usually offer the following types of loans: Secured loans: Companies can use collateral in order to secure a loan (and a favourable interest-rate) from a bank.

How to get a business loan in South Africa?

Most have streamlined the funding process, making it as simple as an online application and approval. We all know Vodacom, the most popular mobile network in South Africa. Well, they have a financial services division that provides business funding, known as Vodalend. Eligible businesses can apply for a loan and receive funds within 24 hours.