Who would have thought two years after the onset of Covid-19 that corporate recovery would deliver to the South African Revenue Service a 25% improvement in revenues over the previous fiscal year?
“Businesses with bigger balance sheets that would not normally consider coming to us for funding assistance found themselves under cash flow pressure, and had to reach out for help.” Du Plooy highlights the three principal mistakes small business make that can lead to business failure, and how to avoid them:
Preference Capital was formed in 2014 with the express intention of disrupting the SME financing market. “…we’ve been able to formulate countless debt finance strategies that have given businesses a new lease of life. That’s where our real value lies.”Cash Flow Capital offers working capital up to R10 million in the form of unsecured short-term business loans as well as the more traditional trade finance product. The short-term product focuses heavily on the cash flow of a business and less so on the balance sheet to make a quick and informed decision on funding within hours.