Follow a structured process and draw up a sound financial plan, as lenders will require a thorough analysis of your expected cash flow before they will consider a loan.
The amount you will need to finance your startup should never be an estimate. This means you should determine the loan amount by drawing up detailed projected financial statements, as explained in our business plan guide.
Sanlam doesn’t provide start-up finance, but we do recommend that you carefully consider the various sources of start-up finance, as some are better than others due to the interest rates, risk and potential problems you may run into.
We suggest you approach your search for financing in this order:
In all cases, speak to your financial planner or contact Business Partners for help with financing.