Where Do I Source My Required Finance?

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:

• Own cash/funding – always best, and the and most readily available.
• Loan from a bank – will require a business plan, and possibly a personal cash contribution.
• Business partner – might require you to relinquish shareholding.
• Venture capitalists – expect to pay a higher interest rate or sacrifice a high percentage of shareholding.
• Loan from 3rd party (individual, family). Your last resort and one not to be taken lightly as this could sour relationships forever.

In all cases, speak to your financial planner or contact Business Partners for help with financing.