Article by provided by Omnisol Information Technology Managing small business credit risk is important to any small business growing its financial strength. I mean access to cash and credit is a small business’s lifeline. Small business credit allows a business to borrow money that can be used to purchase products or services. It is based […]
How many times have you been the bad cop with your customers? Unpaid invoices and late payments can cause serious cash flow problems, which can make it difficult to take on new projects or to pay staff. Unpaid invoices have been a hot topic in the news recently. For most small businesses and SMEs in […]
Article by Carin Smith A survey among more than 500 small and medium-sized businesses in South Africa found that 91% are impacted by their invoices being paid late due to a growing culture of late payments. The average overdue invoice is paid about 18 days late, according to The State of Late Payments report by […]
Article first published on Bizcommunity South African payment service provider, PayGate has teamed up with Retail Capital to launch Easy Advance, a short-term finance product that allows merchants to cash in on the approaching Black Friday and festive season sales opportunities. Easy Advance is pre-qualified funding that leverages a merchant’s existing transactional information to craft a […]
Article first published on Bizcommunity Many factors go into the decision-making pot when funders decide to approve or decline a loan, and not all of these are within your control. Let’s have a look at some of the key factors that will impact on your loan, and what you can do to improve the odds […]
Article provided by Lulalend July is the South African Savings Institute’s (SASI) national Savings Month. The campaign aims to draw awareness to the financial struggles experienced by South African entrepreneurs and the importance of saving. Why is Savings Month important? According to MoneyWeb, over 25 million South Africans are in debt, and while entrepreneurs have […]
Article provided by EasyBiz Cash flow is the lifeblood of any business, however, ensuring a positive flow can prove especially challenging for small and medium enterprise (SME) owners with multiple projects on the go. As there are some factors that are out of the business owner’s control, such as late payments from clients, it is vital […]
