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How to increase your chances of funding as an SME

Tuesday, February 07, 2023 | 60 Views |

To unlock growth potential in SMEs, the right support needs to be provided for them. We are currently in an economic season characterised by sluggish growth and therefore SMEs find themselves having to make adjustments to navigate some of the financial challenges they face.

One key adjustment they can start to make is to set themselves up to be more credit worthy and increase their chances of getting funding.

Credit worthiness is a financial term that a financial institute such as FNBB uses to determine whether the company requesting a loan complies with all requirements and also able to affords to repay the loan or the credit facility.

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How to increase your chances of funding as an SME

To unlock growth potential in SMEs, the right support needs to be provided for them. We are currently in an economic season characterised by sluggish growth and therefore SMEs find themselves having to make adjustments to navigate some of the financial challenges they face.

Stanbic pretax profits up 11%

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Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

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Inspect the voters' roll!