Cape-based small and medium-sized enterprises funder Retail Capital and asset finance firm First Asset have joined forces to offer more support to small businesses across South Africa that are growing despite a tough economic climate.
“If banks are not helping to boost SMEs with funding, it is up to non-bank lenders to take up that slack,” chief financial officer Guy Hosking said. “Tough economic times by no means indicate that you should stop investing in your business. In fact, it’s even more reason to make changes to boost your business’s growth ‒ whether it’s refurbishing, acquiring new assets, expanding your premises or building on the marketing of your product,” he said.Retail Capital’s core funding product is a shorter term, unsecured and more expensive product, while First Asset Finance offers secured funding for the long-term at a lower cost.
Cape Town you little beauty.......again taking the lead in spite of all the bs thrown at you.