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Getting your business ready for funding
Banks, investors and development finance institutions all ask similar questions before they fund a business. How much do you need, what will you use it for and how will it be repaid or earn a return? Owners who can answer clearly, with numbers to back it up, are taken more seriously and usually get a quicker decision.
Before approaching funders, make sure your financial statements are up to date, your tax affairs are in order and your company records are current with the CIPC. A short business plan and a realistic cash flow forecast should show how the money will be used. We help clients prepare this pack and rehearse the questions funders tend to ask.
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