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In this edition of our Podcast series with FinFind,  Nick chat to Robynne Erwin on the top 8 reasons why SME’s need capital. There will be four podcasts detailing 2 of the reasons in each Podcast, this is podcast 1.

Contrary to what many think, there are many reasons why companies need finance, according to FinFinds research, the top 8 are:

• Purchasing equipment and machinery
• Funding business expansion
• Working capital / cash flow assistance
• Franchise funding
• Buying a building
• Funding a contract
• Property development

We will be focusing on Purchasing Equipment and Business expansion today:

Different industries have different requirements in regards to equipment and machinery, a farmer needs a tractor that will last for 10+ years, but a tech firm needs computers with up to date software that can change yearly. For this reason different funding options are available according to the needs of the business, we discuss these and more in the podcast below.

https://www.finfindeasy.co.za/

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