The concept of Ubuntu dictates that umuntu ngumutu ngabantu. Motho ke motho ka batho. This concept subscribes to the processualism of ubuntu. In the African…
For many an entrepreneur, funding is often cited amongst the top three hurdles to overcome for a successful business operation, that is together with access to markets and a lack of strategic executive business management experience.
To ease this burden, during November 2019, the Minister of the Department of Small Business had announced the availability of SME funding in excess of R1bn for the benefit of Small Business operators.
Profit Share Partners is one of the beneficiaries of the SA SME Fund to boost its SME Funding Model whereby the small businesses are funded even if they do not have a financial history, track record nor security. The SA SME Fund invests financial intermediaries that provide debt and equity funding to small businesses.
Profit Share Partners, will then partner with an SME for a specific transaction. They provide financial capital and business support needed by the SME to deliver on their contract.
According to their CEO and founder, Andrew Moren Profit Share Partners, join together with SMEs on transactions to successfully deliver on their orders and contracts with reputable and vettable organizations. The funding is more of a boost on working capital to the small business rather than a typical interest bearing loan with an agreed share ratio in profits from the funded project(s). The objective of this business funding model is to assist their clients in attaining financial sustainability to the point where they are either able to qualify for traditional funding or no longer require finance.
The turnaround period for applications is seven 7 working days. Visit www.profitpartners.com to apply or obtain more information.
Dumi Mkhabela Soweto Sunrise News