Funding

What will happen if I do not find funding for my project or business?

                     

                          

We go the “extra mile” with all our customers and will help you as far as possible to see that you do get the required funding. It is also in our interest to help and see that you get the money needed, because you can then be a reference for us to other clients.

However, you should understand that  we do not lend money ourselves and the final decision will be with the applicable bank/investor. If you for some reason, and after we explored every possible avenue with you, do not find finance you:

At least tried your best; and                                                

Can keep all the provided documentation of the business plan; Which you can update/change at any point in time and then re-submit to a lender of your choice;

You will learn more and more every time you approach a lender and will then be able to eliminate similar mistakes in the future.

It will all depend on how well you present yourself and your business. Your “pitch” to the bank/investor will make or break the deal. We can bring you there 90% – the rest will be between you and the Investors. No one can guarantee anything in life – the same with getting funding.

Another option (much cheaper than a business plan) – if you not sure that you will get funding is to test the market by providing Investors with a professional “Investors Pitch”

SEE OUR SERVICES PAGE – BUSINESS SERVICES – FOR MORE DETAILS ON THIS.

YOU CAN ALSO MAKE USE OF OUR ONLINE CONSULTING SERVICE ON ZOOM, SKYPE, GOOGLE MEET OR FACETIME – 45 MIN – CONTACT US FOR DETAILS AT – money@global.co.za

What will happen if I do not find funding for my project or business? Read More »

How can I find sufficient finance for my business?

Very often, the set up and establishment of a “franchise” or business will call for a big investment. Only a few entrepreneurs are able to find this investment from their own resources. Fortunately, various funding options exist.

Accessing these funding options is a different matter altogether, but being part of a reputable and well established franchisor, will give you a head start. What does this mean? You need to understand that there is no shortage for start up finance. Financiers accept deposits from investors and pay them interest and unless they lend the money to borrowers (in this case potential franchisees) at a higher rate of interest, they will soon go out of business.

However, what is in short supply, are reputable entrepreneurs who are willing and able to present financiers with a well thought out finance application,comprehensive and professional business plan.

Investors (including bankers) often complain about the number of people/entrepreneurs who approach them for finance without a proper “Due Diligence” of the venture the loan is being applied for. They cannot present a quality business plan or loan application, nor are they able to answer some very basic questions about their business in a convincing manner.

Do not fall into this trap – a little preparation goes a long way. Your banker/investor is going to ask some tough questions and they will expect you to provide realistic answers to the following questions:                                

  • How much money do you need and what are you going to do with the loan?       

  • Can you demonstrate how this loan will help you to increase your profits?

  • How do you plan to structure repayments and what alternatives can you offer should the business’s cash flow fail to keep up with ongoing financial obligations?

  • What can you offer as collateral?

A great presentation can help. You are in competition with thousand of others who are also wanting loans. Demonstrate that you have really thought things through. The answer is not merely to ensure that you have got things right, but to make sure you have got nothing wrong. In the case of a loan application any tiny little thing that can give the bank/investor an opportunity for throwing your loan application out of the window – like careless typing errors – will be pounced on.

The most effective way to approach Investors is to do a “Investors Pitch Deck” or ask a professional consultant to prepare one. Check out our Business Services page for more details on Investors Pitch Decks. Or make use of our online consulting service at ZOOM, SKYPE GOOGLE MEET OR FACETIME — 45 MIN – CONTACT US AT: money@global.co.za

                

How can I find sufficient finance for my business? Read More »