WEALTH CREATION – Getting the right type of funding for your business
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GUEST – Andiswa Bata, SME Segment Head at FNB
Accessing the right funding and financing, at the right time, can mean the difference between starting up,
staying open, or shutting down. “The economy is facing a challenging business environment, with slow global growth, economic volatility, and ongoing power supply issues. This means that many businesses in South Africa are still trying to find their financial
footing.
This is especially true for small businesses, which play such an important role in the local economy. That’s
where good credit comes in - as access to the right type of funding and finance can help SMEs grow, innovate, and create jobs,” says Andiswa Bata, SME Segment Head at FNB. “One of the biggest challenges for SMEs is getting the correct form of funding,” adds
Bata as she unpacks practices that small business owners can proactively adopt to enhance an application to a funder.
Accessing the right funding and financing, at the right time, can mean the difference between starting up,
staying open, or shutting down. “The economy is facing a challenging business environment, with slow global growth, economic volatility, and ongoing power supply issues. This means that many businesses in South Africa are still trying to find their financial
footing.
This is especially true for small businesses, which play such an important role in the local economy. That’s
where good credit comes in - as access to the right type of funding and finance can help SMEs grow, innovate, and create jobs,” says Andiswa Bata, SME Segment Head at FNB. “One of the biggest challenges for SMEs is getting the correct form of funding,” adds
Bata as she unpacks practices that small business owners can proactively adopt to enhance an application to a funder.
