Start-up businesses are often considered unbankable. Here is how small business owners can benefit from Ecsponent’s SME offering.
With its sights set firmly on niche enterprise development markets, Ecsponent provides funding and expertise for entrepreneurs, while rewarding entrepreneurship, stimulating enterprise development and creating economic exclusivity.
Basically, Ecsponent funds the unfunded by providing working capital to purchase stock or materials for a business with a valid purchase order – even if the business has no financial track record or means of collateral.
For smaller, entrepreneurial businesses like the above mentioned, it is near impossible to follow a traditional financing route and often the only viable alternative is to trade shareholding in the business for immediate working capital. However, the chances of the business owner realistically being able to afford to buy back the sacrificed share capital down the line are minimal.
To this end, Ecsponent provides transactional finance, which means the business owner benefits from having both its equity and future profits intact.
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