COVID-19 SME Support: Is the R100bn Scheme Right for Your SME?
Small businesses can now apply for the government's R100 billion COVID-19 loan guarantee scheme. If your turnover is less than R300 million, you qualify for this COVID-19 SME support programme. It is a joint initiative by the National Treasury and the banks. The South...
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5 Ways to Rebuild Your SME During COVID-19
How do you even begin to rebuild your SME during COVID-19? Some business owners have had weeks without turnover. Others are not sure when they can start trading again. And even if you’re operating right now, you don’t know whether or not level 5 will force you to shut...
COVID-19 Level 4 Lockdown: 7 Things SMEs Need to Know
Are you starting to trade during level 4 COVID-19? If your SME is getting ready to operate, there are a few things you should know to protect your staff and keep your business open. For a detailed overview of Level 4, please see our guide. What does COVID-19 level 4...
Reimagining a post COVID-19 access to market strategy
Business owners have gone through quite a journey with COVID-19 restrictions. Customers' needs have changed and South African regulations are evolving as we move from lockdown into lower levels of restriction. We chatted to Marc Ashton about reimagining an access to...
Coronavirus SME Support: COVID-19 UIF Payments Deadline Extended
The UIF COVID-19 fund has received applications for 1.75 million workers. The Unemployment Insurance Fund (UIF) has processed 59,000 applications for UIF payments during the lockdown, reports Moneyweb. Since the start of the COVID-19 lockdown, the UIF has paid out...
2 Mistakes SMEs Make When Applying to Banks for Business Loans
Banks reject more than 70% of business loan applications. This estimate, cited by the International Finance Corporation (IFC), underscores the problem many SMEs face when they try to access finance. Why are so many business loan applications declined? We’re uncovering...
3 Ways Bridging Finance Instantly Improves Cash Flow for Your Business
If you started the year off with a cash flow crisis, now’s the time to change that. Every entrepreneur knows the anxiety that comes with a shortfall in business funding. But it doesn’t need to be this way. Bridging finance solves business owners cash flow problems...
Why Successful SMEs Use a Credit Facility to Boost Business Funding
We know running a business is never easy. It's even harder when you can't access capital. Fortunately, simple, quick business funding can set your SME up for success. Here’s where a credit facility comes in. https://youtu.be/HHjwve5jqC8 Think about it. What difference...
How Fast Business Finance Helps SMEs During Load Shedding
A year ago, Ockert Cameron sat down and planned the annual budget for his business, Raw Food for Pets. What he didn’t know then was that the crippling power cuts that spread through the country last year would send his costs ballooning. “It’s my financial year-end in...
The Winner of Lulalend’s Friends in Funding Competition is Announced
The Lulalend Friends in Funding competition for South African SMEs has announced its winner. Imraan Moos, the owner of online retailer Your Essentials, was this week revealed as the winner of our Friends in Funding, R500 000 competition. Now, Moos has an extra half a...
How Refinancing Can Help Consolidate Your Business Debt
Do you want to take control of your finances at the start of the new year? Like most businesses, you might be returning to normal operations after a quiet period in December. Maybe you’re looking for small business funding to pay your suppliers now, while business...
