Skip Ribbon Commands
Skip to main content

Skip Navigation Linksfinancing-considerations Financing Considerations

Invest

Advice

Service

Invest Online Back

Call me back

Email us

Back

Call me back

Email us

Email us

Skip Navigation LinksGetting Started

Financing Considerations

The amount you will need to finance your startup should never be an estimate.

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.

How Much Finance Do I Need?

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.

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.

Get expert financial advice

A financial planner can help you make the most of what you have - contact us today on 0860 100 539.

Invest

Advice

Service

Invest Online Back

Call me back

Email us

Back

Call me back

Email us

Email us

Sanlam Life Insurance is a licensed financial service provider.
Copyright © Sanlam