Business loan for 2 million - Where to go?

D

Devill

Damned
Joined
Mar 25, 2008
Messages
26,822
Reaction score
123
Location
Pretoria
Hello All

I need some advice on where to go for a business loan for R2 Million.

A minimum of 50% will be spent on property thus a tangible asset that the bank / institution can repossess if things go south.

Any advice from all you movers and shakers out there? :D
 
Then there's the normal commercial banks: FNB, SBSA, ABSA and Nedbank.

There's venture capital/seed funding if your business is a new endeavour.
 
IzZzy said:
Then there's the normal commercial banks: FNB, SBSA, ABSA and Nedbank.

There's venture capital/seed funding if your business is a new endeavour.
Click to expand...

The problem with venture capitalists is that the idea is simple enough that they might just decide to do it themselves.....
 
Devill said:
The problem with venture capitalists is that the idea is simple enough that they might just decide to do it themselves.....
Click to expand...

I've recently started to think that ideas are worth a lot less than the effort it takes to turn them into viable businesses.
 
Devill said:
The problem with venture capitalists is that the idea is simple enough that they might just decide to do it themselves.....
Click to expand...

This may be true in certain instances but I'm sure that the majority of venture capitalists do not want to be trading companies, rather investment companies.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X