With South Africa’s unemployment rate currently at an eight-year high – up from 24.5% in the previous quarter to 26.7% – encouraging a culture of entrepreneurship in order to promote job creation is more pivotal now than ever before. For Andrew Maren, CEO: Ecsponent Development Fund, it is critical that budding entrepreneurs understand that the…
Ecsponent helps SMMEs with the right funding to grow your business For any entrepreneur, it is both liberating and empowering starting a small business, however there are undoubtedly numerous challenges that business owners face along the way. One of these is accessing the capital required to continue growing the business sustainably. To grow, SMMEs…
An SMME’s path to traditional funding channels is hardly ever smooth and most growing start-ups will require a form of alternative funding before reaching a stage where they can approach mainstream banking institutions for a business loan. It is a cruel irony however as it is at the start-up phase, that new or small companies…
Andrew Maren the CEO of Ecsponent Business Finance, discussing the challenges facing small, medium and micro enterprises when applying for traditional funding and how Ecsponent’s disruptive offering supports those SMMEs.
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Black-owned qualifying small enterprises – QSEs – are actively being sought out and supported as suppliers in order to meet scorecard requirements, following the introduction last year of the Preferential Procurement sub-element in the revised B-BBEE codes. With government’s approximately R500-billion annual procurement budget-spend kicking in at the beginning of April 2016, these suppliers are…
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…
When looking to grow your business, bringing in a partner may seem like a viable way to access capital without having to deal with all the red tape and meet the stringent lending criteria imposed by banks and lending institutions. However, financing through equity is actually the most expensive form of finance in the long-term,…